HPE Hewlett Packard Enterprise Company (HPE) Q2 FY26 earnings call
HPE delivered an exceptional Q2 FY26, with record revenue and EPS, significantly exceeding expectations. Strong demand for AI systems, traditional servers, and networking, coupled with ahead-of-schedule Juniper integration and Catalyst savings, drove performance. The company raised its FY26 EPS and free cash flow outlook and provided an early, confident FY27 framework, anticipating sustained demand and profitability across segments.
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HPE operating KPIs by quarter
| KPI | Jan 2025 Q1 FY25 | Oct 2025 Q4 FY25 | This call Apr 2026 Q2 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Customers HPE GreenLake Cloud | 41K+We finished Q1 with more than 41,000 enterprises using HPE GreenLake Cloud.Source: earnings call transcript | ~46KWe added approximately 7,000 new customers to GreenLake, ending the year with approximately 46,000 customers.Source: earnings call transcript | ~50KWe exited Q2 with approximately 50,000 customers operating their IT in our GreenLake cloud, managing more than 6.7 million systems, up from 5.3 million a year ago.Source: earnings call transcript | 52KIn Q3, the number of GreenLake customers grew 18% to 52,000, up from 44,000 a year ago.Source: earnings call transcript | — |
| Annual recurring revenue (ARR) | $2.1BOur annual recurring revenue was $2.1 billion, up 46% year-over-year, driven by AI and Intelligent Edge.Source: earnings call transcript | $3.2BTotal company ARR was $3.2 billion, up 62% year-over-year with the addition of Juniper.Source: earnings call transcript | — | — | +52.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.