Filing Flows › Hewlett Packard Enterprise (HPE) › Q2 FY26
Hewlett Packard Enterprise (HPE) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jun 2, 2026
Hewlett Packard Enterprise (HPE) reported revenue of $10.7B for the second quarter fiscal 2026 (Q2 FY26), +40% from a year earlier and +15% from the quarter before. Operating margin was 7.0%, net earnings $624M (5.8% of revenue).
Hewlett Packard Enterprise, Q2 FY26: revenue $10.7B (+40% year over year), operating margin 7.0%, net earnings $624M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.7B | +15% | +40% |
| Operating profit | $747M | +59% | — |
| Net earnings | $624M | +38% | — |
| Operating cash flow | $1.4B | +20% | — |
| Free cash flow | $827M | +36% | — |
What changed
Revenue was $10.7B in Q2 FY26, up 40% year over year and up 15% from the previous quarter. Server Segment was the largest line at 51% of revenue. Server Segment added $1.3B year over year (up 33%), 44% of the total change.
Operating profit was $0.75B, a 7.0% margin (up 21.5 points year over year). Total costs grew 14% against revenue growth of 40%. The fastest-growing cost line was Research & development (+71%). Net earnings were $0.62B. The effective tax rate was 10.7%.
Operating cash flow was $1.4B, 226% of net earnings. Non-cash charges added back $0.88B of depreciation and amortization and $0.22B of share-based compensation. Working capital and other items used $0.31B. Capital expenditures of $0.58B left free cash flow of $0.83B.
Questions
What was Hewlett Packard Enterprise's revenue in the second quarter fiscal 2026?
Hewlett Packard Enterprise (HPE) reported revenue of $10.7B for the second quarter fiscal 2026 (Q2 FY26), +40% from a year earlier and +15% from the quarter before.
Was Hewlett Packard Enterprise profitable in the second quarter fiscal 2026?
Operating profit was $747M (7.0% of revenue) and net earnings $624M.