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Hewlett Packard Enterprise (HPE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended January 2026, Hewlett Packard Enterprise (HPE - Free Report) reported revenue of $9.3 billion, up 18.4% over the same period last year. EPS came in at $0.65, compared to $0.49 in the year-ago quarter.

The reported revenue represents a surprise of -0.25% over the Zacks Consensus Estimate of $9.32 billion. With the consensus EPS estimate being $0.59, the EPS surprise was +10.17%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Hewlett Packard Enterprise performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue- Americas: $3.82 billion versus $4.33 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.7% change.
  • Revenue- Asia Pacific and Japan: $1.99 billion versus the two-analyst average estimate of $1.93 billion. The reported number represents a year-over-year change of +11.7%.
  • Revenue- Europe, Middle East and Africa: $3.49 billion versus $3.05 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +30.1% change.
  • Net Revenue- Cloud & AI: $6.33 billion compared to the $6.46 billion average estimate based on four analysts.
  • Net Revenue- Networking: $2.71 billion versus $2.74 billion estimated by four analysts on average.
  • Net Revenue- Corporate Investments and Other: $261 million versus $267.45 million estimated by four analysts on average.
  • Revenue- Products: $5.86 billion versus the two-analyst average estimate of $5.72 billion. The reported number represents a year-over-year change of +17.9%.
  • Revenue- Services: $3.25 billion compared to the $3.34 billion average estimate based on two analysts. The reported number represents a change of +20.3% year over year.
  • Revenue- Financing income: $195 million compared to the $212.43 million average estimate based on two analysts. The reported number represents a change of +4.8% year over year.
  • Earnings Before Taxes- Cloud & AI: $645 million versus $584.82 million estimated by three analysts on average.
  • Earnings Before Taxes- Networking: $640 million compared to the $588.67 million average estimate based on three analysts.
  • Earnings Before Taxes- Corporate Investments and Other: $-12 million versus the two-analyst average estimate of $56.32 million.

View all Key Company Metrics for Hewlett Packard Enterprise here>>>

Shares of Hewlett Packard Enterprise have returned -12% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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