Hewlett Packard Enterprise Company

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Oct 2025, Server was 51% and Networking was 20% of revenue; Server rose from 47% in the fiscal year to Oct 2023.

In the fiscal year to Oct 2025, United States was 39% and Europe, Middle East and Africa was 34% of revenue; United States rose from 36% in the fiscal year to Oct 2023.

Quarters: Hewlett Packard Enterprise Company's SEC filings, named by the month they end. Fiscal years: Hewlett Packard Enterprise Company's annual reports to the SEC.

How it makes money

Of every $100 in revenue, $0.2 ends up as net income. Net margin fell from 3.0% to 0.2% over the past 3 years.

Each margin is that line of the income statement divided by revenue. Fiscal year: Hewlett Packard Enterprise Company's annual reports to the SEC.

Customers and suppliers

In its latest annual report Hewlett Packard Enterprise Company buys from Intel, AMD, Broadcom and 1 more; one customer it does not name accounts for 10% of its revenue.

Their suppliers

ASE Technology ASXto AMD, Broadcom

TSMC TSMto AMD, Broadcom +2

UMC UMCto AMD, Intel

Amkor Technology AMKRto Broadcom

ASML ASMLto Intel

Coherent COHRto NVIDIA

IREN IRENto NVIDIA

Micron Technology MUto NVIDIA

Show 8

Suppliers

AMD AMD

Broadcom AVGO

Celestica CLS

Intel INTC

NVIDIA NVDA

 

HPEHewlett Packard Enterprise Company

Customers

Unnamed customer 10%

Penguin Solutions PENG

WhiteFiber WYFI

Their customers

Boosteroidfrom WhiteFiber

Show 1

Hewlett Packard Enterprise Company's 10-K for the year to Oct 2025 gives one customer's share of its revenue: Customer One (10%).

From Hewlett Packard Enterprise Company's 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's.

Partners

HH3CHewlett Packard Enterprise Company invested in it · HPE holds an equity interest pending divestiture19% equity interest as of October 31, 2025

NVIDIA NVDACo-engineers integrated generative AI systems

HPI HPQShares ongoing legacy branding rights

Changes since the previous annual report (10-K filed Dec 19, 2024)

NVIDIA NVDANow also a supplier

Named in other companies’ filings

WhiteFiber WYFIdistribution deal with it · Co-marketing through partnership program

Only the companies Hewlett Packard Enterprise Company names in its 10-K filed Dec 18, 2025 (SEC). Named in other companies' filings: those whose own latest annual report or an 8-K since names Hewlett Packard Enterprise Company. The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words. Customers it does not name are listed as the filing describes them.

Is it expensive?

P/E of 26x, below the peer median of 40.6x, with earnings still growing.

Priced 36% below the peer median of 40.6x (excludes 1 unprofitable peer).

At 26.0× trailing earnings HPE is above most of its five-year range; the five-year median is 14.8×.

Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.

What analysts expect

The average analyst price target is $72.20, 44% above the current price; 63% of 24 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 15 analysts (63%). Sell or Strong Sell: 0.

Over the past year the average of the analysts' latest price targets went from $25.79 to $71.83 (+179%), while HPE went from $22.93 to $50.16 (+119%). In the past three months targets were raised 13 times and cut 6 times. 4 upgrades and 4 downgrades over the year; the latest: Barclays moved it to Equal-Weight from Overweight on Oct 14, 2026.

The day after each of these reports the stock moved +4.8% (Oct 2025, beat); −0.1% (Jan 2026, beat); +30.5% (Apr 2026, beat); +7.0% (Jul 2026, beat).

For the quarter ending Oct 2026 (Hewlett Packard Enterprise Company reports on Nov 23, 2026), analysts expect adjusted earnings of $1.28 a share, 106% more than the $0.62 of a year earlier, and revenue of $14.4B, up 49% on a year earlier. For the fiscal year ending Oct 2027, they expect adjusted earnings of $4.74 a share, 24% more than the year before's estimate of $3.83, and revenue of $54.8B, up 18% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $4.2B in free cash flow over the year, of which $1.3B went back to shareholders (dividends plus buybacks), leaving $2.9B in the company.

Hewlett Packard Enterprise Company had 1.45B diluted shares in the quarter ended Jul 2026, 2.0% more than a year earlier, and 1.9% more each year on average since Apr 2020. It spent $547M on buybacks over the last four quarters.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 1.0, short-term debt is manageable; debt-to-equity 0.9, debt is moderate.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 7 funds whose copy leaves HPE out (on the exchange, not in the app yet): Canada Pension Plan Investment Board, Swiss National Bank, Mirae Asset Global Investments, Norges Bank, Bridgewater Associates, Maverick Capital and 1 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 13 held HPE at the end of their latest quarter (for most, Q2 2026). Over that quarter 6 added shares, 3 cut and 4 bought new. The largest of them is Norges Bank, 8.13M shares worth $367M at Jun 30, 2026, 5.0% more than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of HPE at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors sold $73.1M of HPE on the open market in the 12 months to Nov 12, 2026; none bought. 96% of the sales were made under 10b5-1 plans, set up in advance. The largest was Antonio F Neri (President and CEO; director), who sold $43.5M in 7 sales.

From the Form 4s filed with the SEC about Hewlett Packard Enterprise Company (92 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 121 other transactions (grants, option exercises, shares withheld for tax and gifts).