HPE 1701 E. Mossy Oaks Road Spring, TX 77389-1767 hpe.com News Release HPE reports fiscal 2026 first quarter results Strong Networking Q1 results and increased profitability in Cloud & AI drive higher fiscal 2026 outlook HOUSTON – March 9, 2026 – HPE (NYSE: HPE) today announced financial results for the first quarter ended January 31, 2026. “HPE delivered a strong first quarter, outperforming in our networking business and posting one of our most profitable quarters on record,” said Antonio Neri, president and CEO of HPE. “Our Q1 results reflect our newly combined networking innovation, and effective operational discipline in a dynamic commodity supply environment. Demand for our products and solutions was strong, with orders increasing double digits year over year across all segments.” “We successfully delivered on our commitments in the quarter, and exceeded our expectations for profitability and cash flow measures,” said Marie Myers, executive vice president and CFO of HPE. “Strong demand, prudent cost management, and faster‑than‑planned Juniper and Catalyst synergies contributed to our performance and underscore our confidence that we will drive profitable, sustainable growth while transforming the way we operate.”

rie Myers, executive vice president and CFO of HPE. “Strong demand, prudent cost management, and faster‑than‑planned Juniper and Catalyst synergies contributed to our performance and underscore our confidence that we will drive profitable, sustainable growth while transforming the way we operate.” First Quarter Fiscal 2026 Financial Results • Revenue: $9.3 billion, up 18% from the prior-year period • Gross margins: ◦ GAAP of 35.9%, up 670 basis points from the prior-year period and up 240 basis points sequentially ◦ Non-GAAP⁽¹⁾ of 36.6%, up 720 basis points from the prior-year period and up 20 basis points sequentially • Diluted net earnings per share (“EPS”): ◦ GAAP of 0.31, down 0.13 from the prior-year period and above our outlook range of 0.09 and 0.13 ◦ Non-GAAP⁽¹⁾ of 0.65, up 0.16 from the prior-year period and above our outlook range of 0.57 - 0.61 • Cash flow from operations: 1.2 billion, an increase of 1.6 billion from the prior-year period • Free cash flow (“FCF”)⁽¹⁾⁽²⁾: 0.7 billion, an increase of 1.6 billion from the prior-year period

• Capital returns to common shareholders: $348 million in the form of dividends and share repurchases First Quarter Fiscal 2026 Segment Results • Networking revenue was $2.7 billion, up 151.5% from the prior-year period, with 23.7% operating profit margin, compared to 29.7% from the prior-year period. This segment incorporates our former Intelligent Edge segment and Juniper Networks. ◦ Within Networking, revenue from: ▪ Campus & Branch was $1.2 billion, up 42.0% from the prior-year period. ▪ Data Center Networking was $444 million, up 382.6% from the prior-year period. ▪ Security was $255 million, up 114.3% from the prior-year period. ▪ Routing was 780 million, compared to 1 million in the prior-year period. • Cloud & AI revenue was $6.3 billion, down 2.7% from the prior-year period, with 10.2% operating profit margin, compared to 8.4% from the prior-year period. This segment consolidates HPE’s server, storage, and financial services businesses, representing a new financial segment for FY26. ◦ Within Cloud & AI, revenue from: ▪ Server was $4.2 billion, down 2.7% from the prior-year period. ▪ Storage was $1.1 billion, up 0.6% from the prior-year period. ▪ Financial Services was $0.9 billion, up 0.3% from the prior-year period. • Corporate Investments and Other revenue was $261 million, down 2.2% from the prior-year period, with -4.6% of operating profit margin, compared to -3.0% from the prior-year period.

lion, up 0.6% from the prior-year period. ▪ Financial Services was $0.9 billion, up 0.3% from the prior-year period. • Corporate Investments and Other revenue was $261 million, down 2.2% from the prior-year period, with -4.6% of operating profit margin, compared to -3.0% from the prior-year period. This segment includes the Advisory and Professional Services business and Hewlett Packard Labs; the Telco and Instant On businesses have been incorporated into this segment, a change for FY26. Dividend The HPE Board of Directors declared a regular cash dividend of $0.1425 per share on the company’s common stock, payable on or about April 23, 2026, to stockholders of record as of the close of business on March 24, 2026. Fiscal 2026 Second Quarter Outlook HPE estimates revenue to be in the range of 9.6 billion to 10.0 billion. HPE estimates GAAP diluted net EPS to be in the range of 0.09 to 0.13 and non-GAAP diluted net EPS⁽¹⁾ to be in the range of $0.51 to $0.55. Fiscal 2026 second quarter non-GAAP diluted net EPS estimate excludes net after-tax adjustments of approximately $0.42 per diluted share, primarily related to amortization of intangible assets, stockbased compensation expense, acquisition, disposition and other charges, and cost reduction program. Fiscal 2026 Full Year Outlook HPE is reaffirming its FY26 revenue growth outlook range of 17% to 22%, as previously provided at our Securities Analyst Meeting. HPE is raising revenue growth expectations for the Networking segment to 68% to 73%. HPE estimates GAAP operating profit growth to be 490% to 550% and non-GAAP operating profit growth between 32% to 40%⁽¹⁾⁽³⁾.

ange of 17% to 22%, as previously provided at our Securities Analyst Meeting. HPE is raising revenue growth expectations for the Networking segment to 68% to 73%. HPE estimates GAAP operating profit growth to be 490% to 550% and non-GAAP operating profit growth between 32% to 40%⁽¹⁾⁽³⁾. HPE is raising both GAAP diluted net EPS to be in the range of 1.02 to 1.22 and non-GAAP diluted net EPS⁽¹⁾⁽⁴⁾ to be in the range of 2.30 to 2.50. Fiscal 2026 full year non-GAAP diluted net EPS estimate excludes net after-tax adjustments of approximately $1.28 per diluted share, primarily related to amortization of intangible assets, stock-based compensation expense, acquisition, disposition and other

charges, cost reduction program, and adjustments related to the sale of H3C. HPE is also raising its free cash flow^(1)(2)(4) guidance and now expects free cash flow to be at least $2.0 billion. 1 A description of HPE’s use of non-GAAP financial information is provided below under “Use of non- GAAP financial information and key performance metrics.” 2 Free cash flow represents cash flow from operations, less net capital expenditures (investments in property, plant & equipment (“PP&E”) and software assets less proceeds from the sale of PP&E), and adjusted for the effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash. 3 FY26 non-GAAP operating profit excludes costs of approximately $2.7 billion primarily related to amortization of intangible assets, stock-based compensation expense, acquisition, disposition and other charges, and cost reduction program. 4 Hewlett Packard Enterprise provides certain guidance on a non-GAAP basis. In reliance on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K, Hewlett Packard Enterprise is unable to provide a reconciliation to the most directly comparable GAAP financial measure without unreasonable efforts, as the Company cannot predict some elements that are included in such directly comparable GAAP financial measure. These elements could have a material impact on the Company’s reported GAAP results for the guidance period. Refer to the discussion of non-GAAP financial measures below for more information.