v3.26.1
Segment Information
 6 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
HPE's operations are organized into three segments for financial reporting purposes: Cloud & AI, Networking, and Corporate Investments and Other. HPE’s organizational structure is based on a number of factors that the Chief Operating Decision Maker (“CODM”), Antonio F. Neri, who is the President and Chief Executive Officer, uses to evaluate, view and run the Company's business operations, which include, but are not limited to, customer base and homogeneity of products and technology. The three segments are based on this structure and information reviewed by HPE's management to evaluate segment results. A summary of the types of products and services within each segment is as follows:
Networking develops and sells high-performance network and security products and services that empower customers of all sizes to build scalable, reliable, secure, agile, and efficient automated networks. HPE’s platforms are purpose-built using AI to deliver secure and sustainable user experiences from the edge to the data center and cloud. Networking’s solutions include hardware products such as Wi-Fi and private cellular access points; QFX, EX, and CX switches; MX and PTX routers; and gateways. Additionally, HPE provides software products, such as Mist and Aruba Central for cloud-based and on-premise management, network access control, software-defined wide area networking, network security, analytics and assurance, and private cellular core software. The Company also offers professional and support services and education and training programs, as well as as-a-service (“aaS”) and flexible consumption models through HPE GreenLake.
Cloud & AI includes server and storage offerings. The Cloud & AI server portfolio includes general-purpose servers for multi-workload computing and workload-optimized servers to deliver the best performance and value for demanding applications, and integrated systems comprised of software and hardware designed to address High-Performance Computing and Supercomputing (including exascale applications), AI, Data Analytics, and Transaction Processing workloads for government and commercial customers globally. The Cloud & AI comprehensive storage portfolio offers a wide variety of cloud-native and hybrid solutions across storage, private cloud and the infrastructure software-as-a-service (“SaaS”) space. The storage product line includes data storage and data management offerings with the HPE Alletra Storage portfolio; unstructured data solutions and analytics for AI; data protection and archiving. Storage offerings also include the Company’s GreenLake Flex and software solutions. Financial services provides flexible investment solutions, such as leasing, financing, IT consumption, utility programs, and asset management services for customers that facilitate unique technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from HPE and others.
Corporate Investments and Other includes the Advisory and Professional Services (“A & PS”) business, which primarily offers consultative-led services, HPE and partner technology expertise and advice, implementation services as well as complex solution engagement capabilities; Telco, Instant On, and Hewlett Packard Labs.
Segment Policy
HPE does not allocate to its segments certain operating expenses, which it manages at the corporate level. These unallocated operating costs include certain corporate costs and eliminations, stock-based compensation expense, amortization of
intangible assets, H3C divestiture related severance costs, severance costs associated with the cost reduction program, acquisition, disposition and other charges, and impairment charges. Total assets by segment are not presented as that information is not used to allocate resources or assess performance at the segment level and is not reviewed by the CODM.
Segment Operating Results
Segment net revenue and operating results were as follows:
 NetworkingCloud & AICorporate
Investments and Other		Total
In millions
Three months ended April 30, 2026:
  
Total segment net revenue$2,690 $7,707 $281 $10,678 
Segment cost of sales1,056 5,468 217 6,741 
Segment operating expenses1,053 1,285 73 2,411 
Segment earnings (loss) from operations$581 $954 $(9)$1,526 
Three months ended April 30, 2025(1):
  
Total segment net revenue$1,084 $6,271 $272 $7,627 
Segment cost of sales422 4,760 204 5,386 
Segment operating expenses391 1,097 75 1,563 
Segment earnings (loss) from operations$271 $414 $(7)$678 
Six months ended April 30, 2026:
Total segment net revenue$5,396 $14,041 $542 $19,979 
Segment cost of sales2,105 10,112 421 12,638 
Segment operating expenses2,070 2,330 142 4,542 
Segment earnings (loss) from operations$1,221 $1,599 $(21)$2,799 
Six months ended April 30, 2025(1):
Total segment net revenue$2,160 $12,782 $539 $15,481 
Segment cost of sales817 9,704 406 10,927 
Segment operating expenses752 2,117 148 3,017 
Segment earnings (loss) from operations$591 $961 $(15)$1,537 
(1)     Effective at the beginning of the first quarter of fiscal 2026, HPE implemented an organizational change by (i) merging the Server, Hybrid Cloud, and Financial Services business segments into a new segment named Cloud & AI and (ii) transferring the Telco and Instant On businesses to Corporate Investments and Other from Networking. The Company reflected these changes to its segment information retrospectively. These changes had no impact on HPE’s previously reported consolidated net revenue, net earnings, net earnings per share or total assets.
    The reconciliation of segment operating results to Condensed Consolidated Statements of Earnings was as follows:
 For the three months ended April 30,For the six months ended April 30,
 2026202520262025
 In millions
Earnings (Loss) Before Taxes:   
Total segment earnings from operations$1,526 $678 $2,799 $1,537 
Unallocated corporate costs and eliminations(103)(65)(194)(144)
Stock-based compensation expense(218)(116)(434)(270)
Amortization of intangible assets(323)(37)(634)(75)
Impairment charges— (1,361)— (1,361)
Gain on sale of a business— — — 244 
H3C divestiture related severance costs— (20)— (97)
Cost reduction program(30)(146)(53)(146)
Acquisition, disposition and other charges(105)(42)(267)(120)
Interest and other, net(73)39 (127)78 
Earnings from equity interests25 25 42 42 
Total earnings (loss) before provision for taxes$699 $(1,045)$1,132 $(312)
Geographic Information
Net revenue by geographic region was as follows:
For the three months ended April 30,For the six months ended April 30,
2026202520262025
In millions
Americas:
United States$3,952 $2,739 $7,272 $5,257 
Americas excluding United States602 562 1,105 1,436 
Total Americas4,554 3,301 8,377 6,693 
Europe, Middle East and Africa3,779 2,739 7,266 5,419 
Asia Pacific and Japan2,345 1,587 4,336 3,369 
Total consolidated net revenue$10,678 $7,627 $19,979 $15,481 
Disaggregation of Revenue
Net revenue disaggregated by segment and major product categories was as follows:
For the three months ended April 30,For the six months ended April 30,
2026202520262025
In millions
Networking:
Campus & Branch$1,322 $880 $2,549 $1,744 
Data Center Networking320 96 764 188 
Security273 107 528 226 
Routing775 1 1,555 2 
Total2,690 1,084 5,396 2,160 
Cloud & AI:
Server5,454 4,109 9,686 8,457 
Storage(1)
1,175 1,148 2,236 2,203 
Financial Services904 856 1,780 1,729 
Other(2)
174 158 339 393 
Total7,707 6,271 14,041 12,782 
Corporate Investments and Other281 272 542 539 
Total consolidated net revenue$10,678 $7,627 $19,979 $15,481 
(1)    Storage includes revenue from GreenLake Flex and Software.    
(2)    Other category includes intersegment revenue eliminations and third-party storage solutions.