Hewlett Packard Enterprise (HPE) Gross Margin (2015 - 2026)
Hewlett Packard Enterprise (HPE) posted Gross Margin of 97.81% for Q1 2026, down 47.28% sequentially from 185.54% in Q4 2025, and up 6836.0% YoY from 1.41% in Q1 2025.
Hewlett Packard Enterprise (HPE) Gross Margin (2015 - 2026) Analysis & Trends
Hewlett Packard Enterprise has reported Gross Margin for 12 years, with the latest figure at 97.81% in Q1 2026.
- Quarterly Gross Margin rose 6836.0% year-over-year to 97.81% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 107.32% (up 2662.0% YoY) and the FY2025 annual result came in at 89.43%, down 793.0% from the prior year.
- Gross Margin fell to 97.81% in Q1 2026 per HPE's latest filing, from 185.54% in the prior quarter.
- Over five years, Gross Margin peaked at 210.65% in Q4 2023 and troughed at 58.19% in Q4 2022.
- A 5-year average of 79.87% and a median of 62.35% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 13695 bps in 2022, then soared 26884 bps in 2023.
- Over 5 years, Gross Margin stood at 58.19% in 2022, then surged by 462 bps to 210.65% in 2023, then decreased by 29 bps to 150.09% in 2024, then advanced by 24 bps to 185.54% in 2025, then slumped by 47 bps to 97.81% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 97.81%, 185.54%, and 79.98% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 63.63% |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 36.87% |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 53.56% |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 44.16% |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | 144,416.67% |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 44.03% |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 47.03% |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 45.78% |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 28.93% |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 52.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 36.87% |
| Jan 31, 2026 | 97.81% |
| Oct 31, 2025 | 185.54% |
| Jul 31, 2025 | 79.98% |
| Apr 30, 2025 | 52.39% |
| Jan 31, 2025 | 29.45% |
| Oct 31, 2024 | 150.09% |
| Jul 31, 2024 | 77.85% |
| Apr 30, 2024 | 58.12% |
| Jan 31, 2024 | 62.35% |
| Oct 31, 2023 | 210.65% |
| Jul 31, 2023 | 60.81% |
| Apr 30, 2023 | 60.73% |
| Jan 31, 2023 | 55.69% |
| Oct 31, 2022 | -58.19% |
| Jul 31, 2022 | 77.92% |
| Apr 30, 2022 | 99.91% |
| Jan 31, 2022 | 56.67% |
| Oct 31, 2021 | 78.76% |
| Jul 31, 2021 | 77.44% |