Hewlett Packard Enterprise (HPE)
Market Price (4/5/2026): $24.615 | Market Cap: $32.8 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Hewlett Packard Enterprise (HPE)
Market Price (4/5/2026): $24.615Market Cap: $32.8 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 4.5 Bil, FCF LTM is 2.2 Bil Attractive yieldDividend Yield is 2.1%, FCF Yield is 6.6% Low stock price volatilityVol 12M is 45% Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Show more. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3% Key risksHPE key risks include [1] significant execution risk tied to its strategic transformation and the complex $14B Juniper acquisition, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 4.5 Bil, FCF LTM is 2.2 Bil |
| Attractive yieldDividend Yield is 2.1%, FCF Yield is 6.6% |
| Low stock price volatilityVol 12M is 45% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Show more. |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3% |
| Key risksHPE key risks include [1] significant execution risk tied to its strategic transformation and the complex $14B Juniper acquisition, Show more. |
Qualitative Assessment
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1. Strong Q1 Fiscal 2026 Performance and Raised Outlook.
Hewlett Packard Enterprise reported robust financial results for its first fiscal quarter ended January 31, 2026, with non-GAAP diluted earnings per share (EPS) of $0.65, surpassing the forecasted $0.58 by 12.07%. Revenue matched expectations at $9.3 billion, an 18% increase year-over-year. The company also raised its full-year fiscal 2026 non-GAAP diluted net EPS outlook to a range of $2.30 to $2.50 and increased its free cash flow guidance to at least $2.0 billion. This positive financial performance and optimistic future guidance likely provided a floor for the stock price, preventing a decline.
2. Strategic Strength in Networking and AI with Juniper Integration.
HPE's strategic pivot towards high-margin networking and AI infrastructure, significantly bolstered by the $14 billion acquisition of Juniper Networks in late 2025, has been a key driver. The networking segment's revenue soared by 151.5% from the prior-year period to $2.7 billion. HPE is now a front-runner in the "AI Factory" and high-performance networking sectors, with an AI systems backlog exceeding $5 billion entering the second fiscal quarter. This strong performance in critical growth areas underpinned investor confidence, contributing to the stock's stability.
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Stock Movement Drivers
Fundamental Drivers
The 3.1% change in HPE stock from 12/31/2025 to 4/4/2026 was primarily driven by a 4.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.87 | 24.61 | 3.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 34,296 | 35,743 | 4.2% |
| P/S Multiple | 0.9 | 0.9 | -1.0% |
| Shares Outstanding (Mil) | 1,333 | 1,334 | -0.1% |
| Cumulative Contribution | 3.1% |
Market Drivers
12/31/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| HPE | 3.1% | |
| Market (SPY) | -5.4% | 48.8% |
| Sector (XLK) | -5.5% | 47.4% |
Fundamental Drivers
The 1.5% change in HPE stock from 9/30/2025 to 4/4/2026 was primarily driven by a 8.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.26 | 24.61 | 1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 33,075 | 35,743 | 8.1% |
| P/S Multiple | 1.0 | 0.9 | -5.5% |
| Shares Outstanding (Mil) | 1,325 | 1,334 | -0.7% |
| Cumulative Contribution | 1.5% |
Market Drivers
9/30/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| HPE | 1.5% | |
| Market (SPY) | -2.9% | 54.4% |
| Sector (XLK) | -3.4% | 53.0% |
Fundamental Drivers
The 63.5% change in HPE stock from 3/31/2025 to 4/4/2026 was primarily driven by a 44.8% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.05 | 24.61 | 63.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 31,226 | 35,743 | 14.5% |
| P/S Multiple | 0.6 | 0.9 | 44.8% |
| Shares Outstanding (Mil) | 1,316 | 1,334 | -1.3% |
| Cumulative Contribution | 63.5% |
Market Drivers
3/31/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| HPE | 63.5% | |
| Market (SPY) | 16.3% | 68.7% |
| Sector (XLK) | 32.3% | 68.8% |
Fundamental Drivers
The 67.7% change in HPE stock from 3/31/2023 to 4/4/2026 was primarily driven by a 41.5% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.68 | 24.61 | 67.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 29,344 | 35,743 | 21.8% |
| P/S Multiple | 0.6 | 0.9 | 41.5% |
| Shares Outstanding (Mil) | 1,298 | 1,334 | -2.7% |
| Cumulative Contribution | 67.7% |
Market Drivers
3/31/2023 to 4/4/2026| Return | Correlation | |
|---|---|---|
| HPE | 67.7% | |
| Market (SPY) | 63.3% | 58.2% |
| Sector (XLK) | 83.6% | 57.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HPE Return | 37% | 4% | 10% | 29% | 16% | 0% | 136% |
| Peers Return | 39% | 3% | 85% | 31% | 15% | -1% | 292% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -4% | 75% |
Monthly Win Rates [3] | |||||||
| HPE Win Rate | 58% | 50% | 67% | 50% | 58% | 50% | |
| Peers Win Rate | 68% | 40% | 60% | 62% | 53% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HPE Max Drawdown | -2% | -22% | -13% | -12% | -41% | -17% | |
| Peers Max Drawdown | -4% | -28% | -7% | -11% | -19% | -16% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DELL, IBM, CSCO, SMCI, NTAP. See HPE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/2/2026 (YTD)
How Low Can It Go
| Event | HPE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -31.8% | -25.4% |
| % Gain to Breakeven | 46.6% | 34.1% |
| Time to Breakeven | 259 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -51.6% | -33.9% |
| % Gain to Breakeven | 106.5% | 51.3% |
| Time to Breakeven | 396 days | 148 days |
| 2018 Correction | ||
| % Loss | -36.8% | -19.8% |
| % Gain to Breakeven | 58.2% | 24.7% |
| Time to Breakeven | 1,990 days | 120 days |
Compare to DELL, IBM, CSCO, SMCI, NTAP
In The Past
Hewlett Packard Enterprise's stock fell -31.8% during the 2022 Inflation Shock from a high on 3/29/2022. A -31.8% loss requires a 46.6% gain to breakeven.
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About Hewlett Packard Enterprise (HPE)
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Here are 1-3 brief analogies to describe Hewlett Packard Enterprise (HPE):
- Like Dell Technologies for large enterprise IT infrastructure.
- Imagine Cisco, but also providing the servers and storage that power corporate data centers.
AI Analysis | Feedback
- Servers: Offers general purpose, workload-optimized, and high-performance servers including HPE ProLiant, BladeSystem, Synergy, Apollo, Cray, Superdome Flex, Nonstop, Integrity, and Edgeline products.
- Storage Products: Provides storage networking, disk products like HPE Modular Storage Arrays and HPE XP, and traditional tape solutions.
- Networking Hardware: Delivers wired and wireless local area network hardware, such as Wi-Fi access points, switches, routers, and sensors, under the HPE Aruba portfolio.
- Networking Software & Services: Includes HPE Aruba cloud-based management, network management, access control, analytics and assurance, and location services.
- IT Services: Offers professional and support services, as well as as-a-service and consumption models for intelligent edge solutions.
- Financial & Asset Management Services: Provides leasing, financing, IT consumption, utility programs, and asset management services to facilitate technology acquisition.
- Real-time Analytics Solutions: Develops high-performance and mission-critical solutions with real-time analytics, often through partnerships.
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Hewlett Packard Enterprise (HPE) Major Customers
Hewlett Packard Enterprise (HPE) primarily sells its products and solutions to other companies and organizations, rather than individual consumers. The company serves a broad range of enterprise customers across various sectors.
Based on the provided description, HPE's major customer categories include:
- Commercial and Large Enterprise Groups: This encompasses a wide array of businesses, from mid-sized commercial entities to large corporations that require robust IT infrastructure, data solutions, and services.
- Business Enterprises: Specific mention is made of general business enterprises, indicating a focus on organizations across different industries that need to capture, analyze, and act upon data.
- Public Sector Enterprises: HPE also caters to governmental bodies and public institutions, providing them with necessary technology solutions for their operations.
The company also works through various partners, including resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms, to reach these end customers.
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Major Suppliers of Hewlett Packard Enterprise (HPE):
- Intel Corporation (INTC)
- Advanced Micro Devices, Inc. (AMD)
- NVIDIA Corporation (NVDA)
- Micron Technology, Inc. (MU)
- Western Digital Corporation (WDC)
- Seagate Technology Holdings plc (STX)
- Broadcom Inc. (AVGO)
- SK Hynix Inc. (000660.KS)
- Samsung Electronics Co., Ltd. (005930.KS)
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Antonio Neri, President & Chief Executive Officer
Antonio Neri serves as the President and Chief Executive Officer of Hewlett Packard Enterprise, a position he has held since February 2018, having been President since June 2017. Neri began his career at Hewlett-Packard in 1995 as a customer service engineer and has held numerous leadership positions within the company and its spin-off, HPE, over nearly 30 years. He is credited with spearheading the development and introduction of key innovations such as HPE Apollo, HPE Superdome X, HPE Synergy, HPE Cloudline, and HPE Moonshot. Neri was also responsible for the acquisitions and integrations of several companies, including Aruba Networks, SGI, SimpliVity, Niara, Rasa Networks, Nimble Storage, Cloud Cruiser, and Cloud Technology Partners. He currently serves as a director of Anthem Inc. No information suggests he founded other companies or has a pattern of managing companies backed by private equity firms.
Marie Myers, Executive Vice President & Chief Financial Officer
Marie Myers joined Hewlett Packard Enterprise as Executive Vice President and Chief Financial Officer on January 15, 2024. Prior to this role, she served as the CFO of HP Inc. since 2021, and spent over 20 years in various financial leadership positions at HP and HP Inc. Her previous roles at HP included Chief Transformation Officer and Global Controller. In 2018, Myers took a one-year "detour" to serve as CFO of UiPath, a robotic process automation software company, where she gained experience with AI and RPA. No information suggests she founded or sold other companies to an acquirer, or has a pattern of managing companies backed by private equity firms.
Fidelma Russo, Executive Vice President & General Manager, Hybrid Cloud, and Chief Technology Officer
Fidelma Russo serves as the Executive Vice President & General Manager, Hybrid Cloud, and Chief Technology Officer at Hewlett Packard Enterprise. In this capacity, she is responsible for driving the company's technology strategy and overseeing the development of innovative hybrid cloud solutions. Russo's extensive background includes leadership roles at VMware, Iron Mountain, and Dell EMC, bringing significant expertise in cloud services and enterprise storage to HPE.
Maeve Culloty, Executive Vice President, President & CEO, HPE Financial Services
Maeve Culloty holds the position of Executive Vice President, President & CEO of HPE Financial Services. Before this role, she was Vice President and Chief of Staff to HPE President & CEO Antonio Neri. Her career at HPE Financial Services has encompassed various positions in audit, customer operations, business development, and sales. Prior to joining HPE, Culloty spent more than eight years in leadership roles focusing on audit, controls, and compliance.
John F. Schultz, Executive Vice President, Chief Operating & Legal Officer
John F. Schultz serves as Executive Vice President, Chief Operating & Legal Officer for Hewlett Packard Enterprise. In this role, he is responsible for overseeing the company's legal and operational functions, ensuring organizational efficiency.
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Key Risks to Hewlett Packard Enterprise (HPE):
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Intense Competition and Market Transition: Hewlett Packard Enterprise operates in a highly competitive information technology infrastructure market, facing challenges from both traditional hardware competitors and hyperscale cloud providers. The industry's ongoing shift towards cloud-based and as-a-service consumption models, exemplified by its own HPE GreenLake portfolio, requires continuous adaptation and significant investment. Failure to effectively compete, differentiate its offerings, and rapidly transition customers to these new consumption models could adversely affect its market share, revenue, and profitability.
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Technological Obsolescence and Rapid Innovation: As a provider of servers, storage, networking, and edge computing solutions, HPE is highly susceptible to rapid technological advancements and evolving customer requirements. The company must continuously innovate and invest in research and development to keep its product portfolio competitive and relevant. A failure to anticipate and respond to emerging technologies, such as advancements in artificial intelligence, real-time analytics, or new computing paradigms, could lead to its offerings becoming outdated and less attractive to enterprise customers, impacting future growth and profitability.
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Supply Chain Vulnerabilities: Given its significant focus on providing hardware solutions, HPE relies on a complex global supply chain for sourcing components and manufacturing its products. Disruptions to this supply chain, which could stem from geopolitical events, trade restrictions, natural disasters, or shortages of critical components, could lead to increased production costs, delays in product delivery, and an inability to meet customer demand. Such vulnerabilities could negatively impact HPE's operational efficiency, revenue, and customer relationships.
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The clear emerging threat for Hewlett Packard Enterprise is the accelerating shift of enterprise IT workloads and infrastructure to public cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform. This trend offers customers alternative models for consuming IT as a utility rather than purchasing, owning, and managing the on-premises servers, storage, and networking hardware that form a significant portion of HPE's traditional product portfolio. While HPE offers its GreenLake as-a-service portfolio to address this market shift, the fundamental move away from traditional hardware procurement and towards cloud-based consumption models continues to disrupt the market for enterprise IT infrastructure.
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Hewlett Packard Enterprise (HPE) addresses several significant markets globally for its main products and services. The company projects its total addressable market (TAM) to expand to more than $340 billion by fiscal year 2026, driven by megatrends such as edge computing, hybrid cloud, and artificial intelligence (AI). Key addressable markets for HPE's offerings include:- AI and Supercomputing: The total addressable market in the supercomputing and AI sector is anticipated to nearly double, reaching approximately $150 billion by 2026 globally. This market encompasses large-scale model development, training, and inferencing workloads.
- Hybrid Cloud: HPE expects the hybrid cloud total addressable market, which includes all Storage and Compute as-a-Service (aaS) offerings such as HPE GreenLake Private Cloud and software, to grow to $164 billion by 2026 globally.
- Enterprise Storage Systems: The global enterprise storage systems market was valued at $255.65 billion in 2024 and is projected to reach $384.97 billion by 2032. North America is expected to hold a significant share, capturing 34.9% of the global enterprise data storage market revenue by 2025.
- Intelligent Edge and Networking: While a specific standalone total addressable market figure for Intelligent Edge is not provided, this segment is a critical part of HPE's portfolio and is included within the overall TAM projections. HPE's Intelligent Edge unit, which includes HPE Aruba Networking, is expanding its market presence in campus and branch networking, data center networking, and new security and 5G markets. The networking component of the broader AI systems market alone could grow to $200 billion by 2030, significantly increasing the addressable market for networking solutions.
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Expected Drivers of Future Revenue Growth for Hewlett Packard Enterprise (HPE)
Over the next 2-3 years, Hewlett Packard Enterprise (HPE) is anticipated to drive future revenue growth through several strategic initiatives and market trends:-
Artificial Intelligence (AI) Infrastructure: HPE is heavily focused on capturing growth in AI infrastructure, with high-performance computing (HPC) and AI expected to represent over 50% of the company's revenue by fiscal year 2026. The company reported a substantial $5 billion AI backlog in Q1 FY26, predominantly from enterprise and sovereign customers. HPE is leveraging partnerships with key technology providers like NVIDIA, AMD, and Intel to develop and deliver specialized AI solutions and turnkey AI factories, integrating its Cray supercomputing, storage, and GPU technologies to meet the escalating demand for AI-driven workloads.
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Intelligent Edge and Enhanced Networking Capabilities: The Intelligent Edge segment is a significant growth engine for HPE, aiming to expand its market share in areas such as campus and branch networking, data centers, security, and 5G. The proposed acquisition of Juniper Networks is a critical component of this strategy, expected to significantly boost HPE's networking business and enhance its edge-to-cloud capabilities. The networking segment's revenue is projected to grow between 68% and 73% in fiscal year 2026 and now accounts for approximately 30% of total revenue and over half of total operating profits. This expansion includes a focus on Network-as-a-Service, leveraging AI-driven analytics.
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HPE GreenLake and As-a-Service Offerings: The HPE GreenLake platform is central to the company's strategy for expanding its as-a-service and hybrid cloud revenue streams, aiming for consistent recurring revenue growth. GreenLake has demonstrated strong momentum with its Annualized Revenue Run-Rate (ARR) surpassing $1.9 billion by FY25, representing a 28% year-over-year increase, and is expected to continue growing by 35% to 45%. The platform offers a public cloud-like experience with the security and control of a private cloud, facilitating the orchestration of AI workloads across multi-cloud environments, thereby attracting enterprise customers seeking scalable, pay-per-use solutions.
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Growth in Sovereign and Enterprise Customer Segments: HPE is strategically targeting sovereign and large enterprise customers, particularly for its AI and HPC offerings. These customer segments currently represent a significant portion of HPE's AI orders, with enterprise AI orders showing consistent year-over-year growth since early fiscal 2024. The company is actively expanding its presence in various regions, including North America, EMEA, and APAC, to secure sovereign AI and HPC programs, capitalizing on the demand for secure, high-performance, and locally governed AI environments.
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Share Repurchases
- Hewlett Packard Enterprise made annual share repurchases of $421 million in 2023, $150 million in 2024, and $202 million in 2025.
- As of October 2025, the Board of Directors authorized an additional $3 billion for share repurchases, bringing the total repurchase authorization to approximately $3.7 billion.
- HPE's long-term strategy includes returning significant free cash flow to shareholders through dividends and buybacks.
Share Issuance
- No significant common share issuances were identified in the available information for the last 3-5 years.
Inbound Investments
- Elliott Investment Management acquired a substantial stake in HPE, valued at over $1.5 billion, in April 2025, representing approximately 7.5% of the company.
- This investment led to Elliott gaining a board seat and direct access to HPE's strategic decisions.
Outbound Investments
- Hewlett Packard Enterprise completed the acquisition of Juniper Networks for $13.4 billion in December 2025, a deal initially announced in January 2024 for $14 billion. This acquisition is aimed at creating a new networking industry leader and boosting AI networking capabilities.
- The company acquired Zerto for $374 million in July 2021.
- Other acquisitions include Morpheus Data (August 2024) and OpsRamp (March 2023), with undisclosed amounts.
Capital Expenditures
- HPE's capital expenditures were $2.502 billion in 2021, $3.122 billion in 2022, $2.828 billion in 2023, $2.367 billion in 2024, and $2.292 billion in 2025. The average capital expenditures for fiscal years 2021 to 2025 was $2.622 billion.
- For fiscal year 2026, expected capital expenditures are around $2.351 billion.
- Capital expenditures prioritize software-driven hybrid cloud, edge compute, and sustainability-driven hardware optimizations, and are primarily for investments in property, plant & equipment and software assets.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 91.19 |
| Mkt Cap | 74.0 |
| Rev LTM | 47,398 |
| Op Inc LTM | 4,984 |
| FCF LTM | 5,353 |
| FCF 3Y Avg | 3,796 |
| CFO LTM | 7,836 |
| CFO 3Y Avg | 6,346 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.7% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 15.3% |
| QoQ Delta Rev Chg LTM | 3.7% |
| Op Mgn LTM | 12.9% |
| Op Mgn 3Y Avg | 11.8% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 16.0% |
| CFO/Rev 3Y Avg | 17.9% |
| FCF/Rev LTM | 12.2% |
| FCF/Rev 3Y Avg | 12.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 74.0 |
| P/S | 2.0 |
| P/EBIT | 16.0 |
| P/E | 18.1 |
| P/CFO | 14.5 |
| Total Yield | 6.4% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 6.2% |
| D/E | 0.3 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.5% |
| 3M Rtn | 0.0% |
| 6M Rtn | -5.0% |
| 12M Rtn | 43.3% |
| 3Y Rtn | 91.6% |
| 1M Excs Rtn | 6.0% |
| 3M Excs Rtn | 4.1% |
| 6M Excs Rtn | -3.9% |
| 12M Excs Rtn | 8.2% |
| 3Y Excs Rtn | 31.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Server | 16,104 | 13,926 | |||
| Hybrid Cloud | 5,487 | 5,396 | |||
| Networking | 4,532 | 5,362 | |||
| Financial Services | 3,512 | 3,466 | |||
| Corporate Investments and Other | 1,014 | 985 | |||
| Intersegment net revenue | -522 | ||||
| Total | 30,127 | 29,135 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Server | 1,804 | 1,830 | |||
| Networking | 1,115 | 1,343 | |||
| Financial Services | 316 | 281 | |||
| Hybrid Cloud | 259 | 232 | |||
| Corporate Investments and Other | -25 | -77 | |||
| Transformation costs | -93 | -283 | |||
| Acquisition, disposition and other charges | -188 | -69 | |||
| Amortization of intangible assets | -267 | -288 | |||
| Unallocated corporate costs and eliminations | -301 | -464 | |||
| Stock-based compensation expense | -430 | -428 | |||
| Amortization of initial direct costs | 0 | ||||
| Disaster recoveries (charges) | 12 | ||||
| Divestiture related exit costs | 0 | ||||
| Impairment charges | 0 | ||||
| Total | 2,190 | 2,089 |
Price Behavior
| Market Price | $24.61 | |
| Market Cap ($ Bil) | 32.8 | |
| First Trading Date | 11/02/2015 | |
| Distance from 52W High | -5.1% | |
| 50 Days | 200 Days | |
| DMA Price | $22.10 | $22.19 |
| DMA Trend | up | down |
| Distance from DMA | 11.3% | 10.9% |
| 3M | 1YR | |
| Volatility | 48.5% | 42.4% |
| Downside Capture | 0.72 | 0.76 |
| Upside Capture | 186.80 | 165.85 |
| Correlation (SPY) | 44.7% | 64.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.54 | 1.70 | 1.70 | 1.83 | 1.62 | 1.52 |
| Up Beta | -0.11 | 1.65 | 2.16 | 1.80 | 1.51 | 1.43 |
| Down Beta | 2.07 | 2.66 | 2.01 | 2.47 | 1.96 | 1.67 |
| Up Capture | 409% | 256% | 202% | 193% | 239% | 359% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 20 | 29 | 69 | 141 | 387 |
| Down Capture | 11% | 64% | 115% | 134% | 121% | 109% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 21 | 33 | 56 | 110 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HPE | |
|---|---|---|---|---|
| HPE | 61.6% | 45.5% | 1.19 | - |
| Sector ETF (XLK) | 31.5% | 27.0% | 0.99 | 68.8% |
| Equity (SPY) | 16.1% | 19.0% | 0.67 | 68.7% |
| Gold (GLD) | 50.5% | 28.0% | 1.46 | 5.9% |
| Commodities (DBC) | 16.2% | 17.7% | 0.77 | 31.3% |
| Real Estate (VNQ) | 3.6% | 16.5% | 0.04 | 40.7% |
| Bitcoin (BTCUSD) | -21.5% | 44.0% | -0.42 | 33.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HPE | |
|---|---|---|---|---|
| HPE | 12.2% | 36.3% | 0.40 | - |
| Sector ETF (XLK) | 16.3% | 24.7% | 0.59 | 55.5% |
| Equity (SPY) | 11.6% | 17.0% | 0.53 | 58.5% |
| Gold (GLD) | 21.7% | 17.8% | 1.00 | 6.9% |
| Commodities (DBC) | 11.6% | 18.8% | 0.51 | 20.7% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | 35.3% |
| Bitcoin (BTCUSD) | 3.9% | 56.5% | 0.29 | 24.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HPE | |
|---|---|---|---|---|
| HPE | 9.5% | 36.4% | 0.36 | - |
| Sector ETF (XLK) | 21.4% | 24.3% | 0.81 | 55.2% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 60.2% |
| Gold (GLD) | 14.0% | 15.9% | 0.73 | 0.5% |
| Commodities (DBC) | 8.4% | 17.6% | 0.40 | 25.4% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 42.0% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | 16.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/3/2025 | 1.5% | 7.1% | 7.8% |
| 3/6/2025 | -12.0% | -17.8% | -28.2% |
| 12/5/2024 | 10.6% | 0.8% | 3.6% |
| 9/4/2024 | -6.0% | -12.6% | 9.2% |
| 6/4/2024 | 10.7% | 16.8% | 17.5% |
| 2/7/2024 | 1.6% | -0.2% | 17.9% |
| 11/28/2023 | 6.4% | 3.6% | 11.5% |
| 8/29/2023 | 3.1% | 5.4% | 5.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 13 |
| # Negative | 8 | 9 | 8 |
| Median Positive | 3.1% | 4.8% | 9.2% |
| Median Negative | -5.6% | -5.1% | -9.5% |
| Max Positive | 10.7% | 16.8% | 17.9% |
| Max Negative | -12.0% | -17.8% | -28.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/10/2026 | 10-Q |
| 10/31/2025 | 12/18/2025 | 10-K |
| 07/31/2025 | 09/04/2025 | 10-Q |
| 04/30/2025 | 06/04/2025 | 10-Q |
| 01/31/2025 | 03/07/2025 | 10-Q |
| 10/31/2024 | 12/19/2024 | 10-K |
| 07/31/2024 | 09/05/2024 | 10-Q |
| 04/30/2024 | 06/05/2024 | 10-Q |
| 01/31/2024 | 03/05/2024 | 10-Q |
| 10/31/2023 | 12/22/2023 | 10-K |
| 07/31/2023 | 09/01/2023 | 10-Q |
| 04/30/2023 | 06/02/2023 | 10-Q |
| 01/31/2023 | 03/07/2023 | 10-Q |
| 10/31/2022 | 12/08/2022 | 10-K |
| 07/31/2022 | 09/01/2022 | 10-Q |
| 04/30/2022 | 06/03/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Neri, Antonio F | President and CEO | Direct | Sell | 12302025 | 24.49 | 26,457 | 647,853 | 51,465,822 | Form |
| 2 | Karros, Kirt P | SVP, Treasurer, Corp Dev | Direct | Sell | 12302025 | 24.61 | 36,460 | 897,168 | 462,241 | Form |
| 3 | Cox, Jeremy | SVP, Controller & CTO | Direct | Sell | 12152025 | 24.68 | 13,463 | Form | ||
| 4 | Culloty, Maeve C | EVP, Pres & CEO Financial Serv | Direct | Sell | 12152025 | 24.66 | 35,958 | Form | ||
| 5 | Russo, Fidelma | EVP, GM, Hybrid Cloud & CTO | Direct | Sell | 12152025 | 24.61 | 126,512 | 3,113,258 | 1,255,078 | Form |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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