Hewlett Packard Enterprise (HPE) Q1 earnings challenges loss narrative

Hewlett Packard Enterprise (HPE) Q1 earnings challenges loss narrative

By Simply Wall St
Publication Date: 2026-03-10 23:33:00

Hewlett Packard Enterprise (HPE) opened the fiscal first quarter of 2026 with revenue of $9.3 billion and core earnings per share of $0.32. This compares to a trailing-twelve-month outlook that included a core EPS loss of $0.18 on revenue of $35.7b. Over the past few quarters, the company has reported revenue of $8.5 billion in Q4 2024, $7.9 billion in Q1 2025, $7.6 billion in Q2 2025, $9.1 billion in Q3 2025, $9.7 billion in Q4 2025, and now $9.3 billion in Q1 2026. Quarterly core EPS has ranged from $1.02 in Q4 2024 to a minimal loss of $0.82 in Q2 2025, followed by $0.11 in Q4 2025 and $0.32 in Q4 2025. For investors, the combination of improving quarterly earnings per share and a still loss-making final period puts margins and the path back to consistent profitability at the center of this earnings story.

See our full review of Hewlett Packard Enterprise.

Once the headline numbers are reported, the next step is to contrast these results with the predominant narratives around Hewlett…