Q3 FY26 · Ended Jul 31, 2026 · View SEC filing
Memory costs rose, yet HPE's cost share fell
Server prices tracked memory and SSD costs upward, while revenue grew 33.7% against 13.6% for cost of goods.
For investorsWhat the wider margin depends on from here
For foundersTurning a parts shortage into supplier-funded growth
Inventory days rose to 145, but HPE now takes even longer to pay suppliers, so its cash cycle shortened.
A $444M one-time gain lifted net earnings above operating earnings, and the stake that produced it is now gone.
Networking produced 45.7% of operating income from product lines that together sell less than Servers alone.
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Business Lens describes Hewlett Packard Enterprise from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
