Filing Flows › Hewlett Packard Enterprise (HPE) › Q3 FY26 › vs Q3 FY25
Hewlett Packard Enterprise (HPE) Q3 FY26 vs Q3 FY25 (year over year)
Hewlett Packard Enterprise's revenue rose $3.1B (+34%) from $9.1B in Q3 FY25 to $12.2B in Q3 FY26. The biggest changes: Cloud & AI +$1.8B (+25%); Networking +$1.2B (+75%); Corporate Investments and Other +$8.0M (+3%). Operating margin 11.4% against 2.7% (+8.7 pts).
Hewlett Packard Enterprise, Q3 FY26: revenue $12.2B (+34% year over year), operating margin 11.4%, net earnings $1.5B, operating cash flow $1.6B. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 11.4% | 2.7% | +8.7 pts |
| Net margin | 12.6% | 3.3% | +9.3 pts |
| Free cash flow margin | 7.8% | 8.6% | -0.8 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Server Segment | $6.8B | $5.0B | $1.8B | +35% |
| Campus & Branch | $1.4B | $1.1B | $341M | +31% |
| Storage | $1.3B | $1.2B | $120M | +10% |
| Financial Services | $883M | $886M | −$3.0M | -0.3% |
| Routing | $788M | $213M | $575M | +270% |
| Data Center Networking | $382M | $180M | $202M | +112% |
| Security | $281M | $160M | $121M | +76% |
| Other | $102M | $155M | −$53.0M | -34% |
| Cloud & AI | $9.0B | $7.2B | $1.8B | +25% |
| Networking | $2.9B | $1.7B | $1.2B | +75% |
| Corporate Investments and Other | $278M | $270M | $8.0M | +3% |
| Revenue | $12.2B | $9.1B | $3.1B | +34% |
| Other income, net | $369M | $41.0M | $328M | +800% |
| Operating profit | $1.4B | $247M | $1.1B | +464% |
| Costs & expenses | $10.8B | $8.9B | $1.9B | +22% |
| Pre-tax earnings | $1.8B | $288M | $1.5B | +512% |
| Research & development | $1.2B | $622M | $536M | +86% |
| SG&A | $2.0B | $1.5B | $466M | +31% |
| Other operating costs | $7.7B | $6.8B | $929M | +14% |
| Net earnings | $1.5B | $305M | $1.2B | +405% |
| Income tax | $222M | −$17.0M | $239M | — |
| Depreciation & amortization | $864M | $687M | $177M | +26% |
| Share-based compensation | $165M | $177M | −$12.0M | -7% |
| Working capital & other | $928M | −$136M | $1.1B | — |
| Operating cash flow | $1.6B | $1.3B | $336M | +26% |
| Free cash flow (company-reported) | $958M | $790M | $168M | +21% |
| Investment in property, plant and equipment and software assets, net | $653M | $486M | $167M | +34% |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $30.0M | $29.0M | $1.0M | +3% |
Questions
How much did Hewlett Packard Enterprise's revenue grow year over year in Q3 FY26?
Hewlett Packard Enterprise's revenue rose $3.1B (+34%) from $9.1B in Q3 FY25 to $12.2B in Q3 FY26.
What drove Hewlett Packard Enterprise's revenue change in Q3 FY26?
Cloud & AI +$1.8B (+25%); Networking +$1.2B (+75%); Corporate Investments and Other +$8.0M (+3%).