HPE

EX-99.1

2 ex-991x922026x8k.htm

EX-99.1

Document

Exhibit 99.1

HPE

1701 E. Mossy Oaks Road

Spring, TX 77389-1767

hpe.com

News Release

HPE reports fiscal 2026 third quarter results

Record results and demand drive higher outlook for fiscal 2026 and fiscal 2027

-Record revenue of $12.2 billion, up 34% year-over-year

-Record operating profit, with GAAP OP up 464% and non-GAAP OP up 155% year-over-year

HOUSTON – September 2, 2026 – HPE (NYSE: HPE) today announced financial results for the third quarter ended July 31, 2026.

“HPE’s strategy is proving itself again this quarter. Our results demonstrate the durability of our profitable growth momentum. We delivered record revenue, orders, and profitability, fueled by surging customer demand across our portfolio,” said Antonio Neri, president and CEO of HPE. “AI is becoming a multi-year growth driver for HPE, and our differentiated portfolio positions us to capture that opportunity at scale.”

“Our outstanding revenue performance and expanded profitability in the third quarter reflect robust demand across our portfolio and consistent, disciplined execution,” said Marie Myers, executive vice president and CFO of HPE. “With our Q3 results and our order backlog at a record level, we are raising our financial outlook and plan to return at least 75% of free cash flow to shareholders in Q4.”

Third Quarter Fiscal 2026 Financial Results

•Revenue: $12.2 billion, up 34% from the prior-year period

•Gross margins:

◦GAAP of 40.1%, up 1,090 basis points from the prior-year period and up 360 basis points sequentially

◦Non-GAAP(1) of 40.4%, up 1,050 basis points from the prior-year period and up 350 basis points sequentially

•Operating profit margins:

◦GAAP of 11.4%, up 870 basis points from the prior-year period and up 440 basis points sequentially

◦Non-GAAP(1) of 16.2%, up 770 basis points from the prior-year period and up 290 basis points sequentially

•Diluted net earnings per share (“EPS”):

◦GAAP of $1.06, up $0.85 from the prior-year period and above our outlook range of $0.84 - $0.89

◦Non-GAAP(1) of $1.11, up $0.67 from the prior-year period and above our outlook range of $0.88 - $0.93

•Cash flow from operations: $1.6 billion, an increase of $0.3 billion from the prior-year period

•Free cash flow(1)(2): $1.0 billion, an increase of $0.2 billion from the prior-year period

•Capital returns to common shareholders: $324 million in the form of dividends and share repurchases

Third Quarter Fiscal 2026 Segment Results

•Networking revenue was $2.9 billion, up 74.9% from the prior-year period, with 22.0% operating profit margin, compared to 22.1% from the prior-year period.

◦Within Networking, revenue from:

▪Campus & Branch was $1.4 billion, up 31.0% from the prior-year period.

▪Data Center Networking was $382 million, up 112.2% from the prior-year period.

▪Security was $281 million, up 75.6% from the prior-year period.

▪Routing was $788 million, up 270.0% from the prior-year period.

•Cloud & AI revenue was $9.0 billion, up 25.4% from the prior-year period, with 17.0% operating profit margin, compared to 7.0% from the prior-year period.

◦Within Cloud & AI, revenue from:

▪Server was $6.8 billion, up 35.3% from the prior-year period.

▪Storage was $1.3 billion, up 10.2% from the prior-year period.

▪Financial Services was $0.9 billion, down 0.3% from the prior-year period.

•Corporate Investments and Other revenue was $278 million, up 3.0% from the prior-year period, with -24.1% of operating profit margin, compared to -7.0% from the prior-year period.

Dividend

The HPE Board of Directors declared a regular cash dividend of $0.1425 per share on the company’s common stock, payable on or about October 16, 2026, to stockholders of record as of the close of business on September 17, 2026.

Fiscal 2026 Fourth Quarter Outlook

HPE estimates revenue to be in the range of $13.9 billion to $14.8 billion. HPE estimates GAAP diluted net EPS to be in the range of $1.12 to $1.22 and non-GAAP diluted net EPS(1) to be in the range of $1.20 to $1.30. Fiscal 2026 fourth quarter non-GAAP diluted net EPS estimate excludes net after-tax

adjustments of approximately $0.08 per diluted share, primarily related to amortization of intangible assets, stock-based compensation expense, acquisition, disposition and other charges, and cost reduction program.

Fiscal 2026 Full Year Outlook

HPE is raising its FY26 revenue growth outlook range to 34% to 37%. HPE is raising revenue growth expectations for the Networking segment to 73% to 74%. HPE estimates GAAP operating profit growth range to be 1,070% to 1,105% and non-GAAP operating profit growth range between 100% to 105%(1)(3).

HPE is raising both GAAP diluted net EPS to be in the range of $2.93 to $3.03 and non-GAAP diluted net EPS(1) to be in the range of $3.75 to $3.85. Fiscal 2026 non-GAAP diluted net EPS estimate excludes net after-tax adjustments of approximately $0.82 per diluted share, primarily related to amortization o

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hpe-202603090001645590false00016455902026-03-092026-03-090001645590us-gaap:CommonStockMember2026-03-092026-03-090001645590us-gaap:PreferredStockMember2026-03-092026-03-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

March 9, 2026

Date of Report (Date of Earliest Event Reported)

HEWLETT PACKARD ENTERPRISE COMPANY

(Exact name of registrant as specified in its charter)

Delaware001-3748347-3298624 (State or other jurisdiction of incorporation)(Commission File Number)

(I.R.S. Employer Identification No.)

1701 East Mossy Oaks Road,Spring,TX77389 (Address of principal executive offices) (Zip code)

(678)259-9860 (Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, par value $0.01 per shareHPENYSE 7.625% Series C Mandatory Convertible Preferred Stock, par value $0.01 per shareHPEPRCNYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐Emerging growth company ☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02Results of Operations and Financial Condition.

The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such filing.

On March 9, 2026, Hewlett Packard Enterprise Company (“HPE” or “Hewlett Packard Enterprise”) issued a press release relating to its results of operations for its fiscal quarter ended January 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01Regulation FD Disclosure.

The information contained in this Item 7.01 shall not be deemed filed for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Exchange Act or the Securities Act, except as shall be expressly set forth by specific reference in such filing.

HPE is also announcing a quarterly dividend of $0.1425 common per share, the second in Hewlett Packard Enterprise's fiscal year 2026, payable on or about April 23, 2026, to stockholders of record as of the close of business on March 24, 2026. Each quarterly dividend must be declared by the Board of Directors out of legally available sources prior to payment.

Forward-looking statements.

This Form 8-K and the press release contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties, and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries (“Hewlett Packard Enterprise”) may differ materially from those expressed or implied by such forward-looking statements and assumptions. The words “believe”, “expect”, “anticipate”, “guide”, “optimistic”, “intend”, “aim”, “will”, “estimates”, “may”, "likely", “could”, “should” and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any statements, any statements regarding the ongoing integration of Juniper Networks, Inc., and any projections, estimates, or expectations of savings or synergy realizations in connection therewith; any projections, estimations, or expectations of addressable markets and their sizes, revenue (including annualized revenue run-rate), margins, expenses (including stock-based compensation expenses), investments, effective t