Filing Flows › Hewlett Packard Enterprise (HPE) › Q1 FY26
Hewlett Packard Enterprise (HPE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 10, 2026
Hewlett Packard Enterprise (HPE) reported revenue of $9.3B for the first quarter fiscal 2026 (Q1 FY26), +18% from a year earlier and -4% from the quarter before. Operating margin was 5.1%, net earnings $452M (4.9% of revenue).
Hewlett Packard Enterprise, Q1 FY26: revenue $9.3B (+18% year over year), operating margin 5.1%, net earnings $452M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3B | -4% | +18% |
| Operating profit | $470M | — | +9% |
| Net earnings | $452M | +158% | -28% |
| Operating cash flow | $1.2B | -52% | — |
| Free cash flow | $609M | -67% | — |
What changed
Revenue was $9.3B in Q1 FY26, up 18% year over year and down 4% from the previous quarter. Server Segment was the largest line at 46% of revenue. Routing added $0.78B year over year (up 77900%), 54% of the total change. Other declined 30%.
Operating profit was $0.47B, a 5.1% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 6% margin then. Total costs grew 19% against revenue growth of 18%. The fastest-growing cost line was Research & development (+57%). Net earnings were $0.45B, down 28% year over year. The effective tax rate was -4.4%.
Operating cash flow was $1.2B, 261% of net earnings. Non-cash charges added back $0.87B of depreciation and amortization and $0.22B of share-based compensation. Working capital and other items used $0.36B. Capital expenditures of $0.57B left free cash flow of $0.61B.
Questions
What was Hewlett Packard Enterprise's revenue in the first quarter fiscal 2026?
Hewlett Packard Enterprise (HPE) reported revenue of $9.3B for the first quarter fiscal 2026 (Q1 FY26), +18% from a year earlier and -4% from the quarter before.
Was Hewlett Packard Enterprise profitable in the first quarter fiscal 2026?
Operating profit was $470M (5.1% of revenue) and net earnings $452M.