Hewlett Packard Enterprise Company (HPE) Earnings: Q3 Fiscal 2026 Results and Next Report Date

The quarter ended July 31, 2026 and HPE published the results on September 2, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. HPE reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• HPE completed its acquisition of Juniper Networks on July 2, 2025, so the year-ago quarter includes Juniper for one month and Q3 fiscal 2026 for the full three.
• From Q1 fiscal 2026 HPE merged its Server, Hybrid Cloud and Financial Services segments into Cloud & AI and moved Telco and Instant On from Networking to Corporate Investments and Other. Prior periods are recast; consolidated results were not affected.
• GAAP results include a $444 million gain on the sale of HPE's remaining equity interest in H3C, which HPE's non-GAAP measures exclude.

Source: HPE Q3 fiscal 2026 results, September 2, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How HPE splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• HPE's Networking revenue was $2.9 billion in Q3 fiscal 2026, up 75% from $1.7 billion in Q3 fiscal 2025, 24% of total revenue.
• HPE's Cloud & AI revenue was $9.0 billion in Q3 fiscal 2026, up 25% from $7.2 billion in Q3 fiscal 2025, 74% of total revenue.
• HPE's Corporate Investments and Other revenue was $278 million in Q3 fiscal 2026, up 3% from $270 million in Q3 fiscal 2025, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 fiscal 2026 release, HPE said:

“HPE estimates revenue to be in the range of $13.9 billion to $14.8 billion.”

“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%.”

Source: HPE Q3 FY26 release, Sep 2, 2026.

This is the company's own guidance as of Sep 2, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the HPE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net revenue and diluted EPS, each as first reported in that quarter's release. HPE's fiscal year ends October 31.

HPE's next report is scheduled for November 23, 2026. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Sep 2, 2026

Cloud & AI is about three quarters of HPE's revenue: $9,042 million of $12,213 million in Q3 fiscal 2026. Server alone was $6,766 million, up 35.3%, with Storage at $1,291 million and Financial Services at $883 million. Networking brought in $2,893 million, up 74.9%, and Corporate Investments and Other $278 million. (HPE Q3 FY26 release, Sep 2, 2026)

HPE's 10-Q puts the Server increase predominantly down to a higher average selling price, driven primarily by commodity price increases, especially memory and SSDs. HPE says it is affected by the worldwide shortage in memory components that began in fiscal 2026, primarily due to the accelerating growth in AI, and expects those supply constraints to continue in the medium term. (HPE Form 10-Q, Q3 FY26, Sep 3, 2026)

HPE completed the Juniper Networks merger on July 2, 2025, and its 10-Q attributes the segment's $1.2 billion increase primarily to revenue from Juniper. Routing rose to $788 million from $213 million, Data Center Networking to $382 million from $180 million, and Campus & Branch to $1,442 million from $1,101 million. (HPE Form 10-Q, Q3 FY26, Sep 3, 2026; HPE Q3 FY26 release, Sep 2, 2026)

By geography, the United States accounted for $4,785 million of Q3 fiscal 2026 net revenue, Europe, Middle East and Africa $4,202 million, and Asia Pacific and Japan $2,665 million. Revenue from EMEA was $2,740 million a year earlier. (HPE Form 10-Q, Q3 FY26, Sep 3, 2026)

HPE's GAAP diluted EPS of $1.06 includes a $444 million gain, or $0.31 a share, on selling its remaining stake in H3C, which closed in May 2026. HPE's non-GAAP EPS of $1.11 excludes that gain along with amortization of intangible assets ($0.22 a share), stock-based compensation ($0.11), acquisition, disposition and other charges ($0.05) and the cost reduction program ($0.02). (HPE Q3 FY26 release, Sep 2, 2026; HPE Form 10-Q, Q3 FY26, Sep 3, 2026)

HPE's GAAP gross margin was 40.1%, up 1,090 basis points from the prior-year period, and GAAP operating margin was 11.4%, against 2.7% a year earlier. Cloud & AI's operating profit margin rose to 17.0% from 7.0%; HPE credits a favorable mix of higher-margin revenues in Cloud & AI and Networking and the Juniper acquisition. (HPE Q3 FY26 release, Sep 2, 2026; HPE Form 10-Q, Q3 FY26, Sep 3, 2026)

Diluted weighted average shares were 1,449 million, against 1,421 million a year earlier. HPE repurchased 16.5 million shares for $447 million over the first nine months of fiscal 2026 and had about $3.2 billion of repurchase authorization left. The effective tax rate in the quarter was 12.6%. (HPE Q3 FY26 release, Sep 2, 2026; HPE Form 10-Q, Q3 FY26, Sep 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

HPE gives a numeric outlook in its release. For Q4 fiscal 2026 it guided revenue of $13.9 billion to $14.8 billion, GAAP diluted EPS of $1.12 to $1.22 and non-GAAP diluted EPS of $1.20 to $1.30. For the full year it raised revenue growth to 34% to 37%, GAAP diluted EPS to $2.93 to $3.03, non-GAAP diluted EPS to $3.75 to $3.85, and free cash flow to at least $3.75 billion. (HPE Q3 FY26 release, Sep 2, 2026)

HPE also raised its fiscal 2027 framework to revenue growth of 13% to 17%, non-GAAP diluted EPS growth of 16% to 20%, a non-GAAP operating margin of 14% to 15%, and free cash flow of at least $5.0 billion. The Q3 fiscal 2026 results beat HPE's own prior outlook ranges of $0.84 to $0.89 for GAAP EPS and $0.88 to $0.93 for non-GAAP EPS. (HPE Q3 FY26 release, Sep 2, 2026)

A consensus figure is the average of the models published by the analysts who cover HPE, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones HPE's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning HPE is on is HPE a buy or a sell?, what analysts expect next is on the HPE forecast, and what the company does is on the Hewlett Packard Enterprise Company (HPE) stock page.

Every number on this page can be traced to a document HPE published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.