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Hewlett Packard Enterprise Co

hpe.com

Hewlett Packard Enterprise Co (NYSE: HPE) is an enterprise technology company that sells servers, networking equipment, storage, and cloud infrastructure solutions to businesses and governments worldwide. Revenue comes from hardware sales, technology services, financing arrangements, and an as-a-service model called HPE GreenLake, which generates annualized recurring revenue tracked as ARR and includes cloud services, software-as-a-service, and consumption-based offerings. HPE traces its origins to a partnership founded in 1939 by William R. Hewlett and David Packard, and was established as a standalone company when Hewlett-Packard split its enterprise and personal systems businesses. The company competes directly with Dell Technologies, Super Micro Computer, Cisco Systems, Lenovo, Fujitsu, and Atos in data center infrastructure and high-performance computing. Customers range from small and medium businesses to large global enterprises and governmental entities. HPE operates facilities across the Americas, Europe, Middle East, Africa, and Asia Pacific, reflecting a worldwide product and services footprint as disclosed in its FY2025 10-K filed December 18, 2025.

Products & Services

HPE's portfolio includes enterprise servers (including AI-optimized and high-performance computing systems with GPU and accelerated processing units), networking equipment, storage solutions, and the HPE GreenLake cloud services platform. The company also offers a software platform for AI model development and deployment, and financial services tied to its infrastructure products. High-performance and exascale compute solutions serve data-intensive supercomputing workloads.

Revenue Model

HPE generates revenue through hardware product sales (servers, networking, storage), technology support services, and as-a-service offerings under the HPE GreenLake platform. The GreenLake ARR metric captures annualized revenue from cloud services, related financial services (rental income from operating leases and interest income from finance leases), software-as-a-service, software consumption revenue, and other aaS arrangements. Financing revenue is also a component through operating and finance lease structures.

Customers & Markets

Customers include small and medium businesses, large global enterprises, and governmental entities. Key end markets are AI infrastructure, enterprise data centers, hybrid multi-cloud environments, high-performance and supercomputing, and edge computing. Demand is driven by AI adoption, hybrid multi-cloud build-out, and exponential growth in edge data, as described in the FY2025 10-K.

Geographic Exposure

HPE products and services are available worldwide. The company maintains facilities in the United States (Alpharetta, Andover, Chippewa Falls, Colorado Springs, Fort Collins, Herndon, Houston, Milpitas, Roseville, San Jose, Spring, Sunnyvale, Westford, and Puerto Rico/Aguadilla), the Netherlands (Amsterdam), the United Kingdom (Erskine), India (Bangalore), Singapore, and Taiwan (Taipei), as disclosed in the FY2025 10-K filed December 18, 2025.

Financial Snapshot

Revenue
TTM
$38.79B
Gross Margin
TTM
33.81%
Net Income
TTM
$1.527B
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
108.84%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
$54.16B
Book Value
2026 Q2
$25.35B
Cash
2026 Q2
P/E
TTM
42.09
Free Cash Flow
TTM
$3.989B

Stock Price

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Market Cap: $64.277 Billion

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