What does routing — total consolidated net revenue mean?

This metric represents the total gross sales generated by the Routing business segment, encompassing the sale of networking hardware, software, and associated services. It serves as a primary indicator of the company's market penetration and competitive positioning within the enterprise networking infrastructure space. By tracking this revenue, stakeholders can assess the demand for the company's connectivity solutions in hybrid cloud and edge environments.

Hewlett Packard Enterprise HPE Routing — Total consolidated net revenue

Other segment segments

Server Segment

$5.45B+32.7%

Hybrid Cloud

$1.41B—

Campus & Branch

$1.32B—

Storage

$1.18B—

Financial Services

$904M+5.6%

Data Center Networking

$320M—

Corporate Investments and Other

$281M+3.3%

Security

$273M—

Other

$174M—

Similar metrics at other companies

CIENRouting and Switching — Total Revenue

$174.23M+87.9%

PLUSNetworking — Revenue

$226.57M+26.7%

FWRDNetwork — Total operating revenues

$188.18M-1.0%

NATLNetwork — Total Revenue

$301M+0.7%

CSCONetworking — Revenue

$8.82B+24.7%

FSLYNetwork Services — Revenue

$126.24M+11.5%

Other financials

Income statement

See full

Revenue$10.7B+40.0%

Operating income$747.0M+167%

Net income$624.0M+159%

EPS (diluted)$0.44+154%

Balance sheet

See full

Cash & equivalents$5.4B-54.6%

Total debt$23.5B+40.3%

Total equity$25.3B+6.0%

Total assets$79.5B+17.2%

Cash flow

See full

Operating cash flow$1.4B+406%

CapEx$583.0M+6.6%

Free cash flow$827.0M+182%

Valuation

See full

Market cap$61.87B+163%

Enterprise value$80.01B+180%

P/E39.8×+23.6×

P/S1.6×+0.8×

Profitability

See full

Gross margin31.4%—

Operating margin3.8%+2.0pp

Net margin4%-0.6pp

FCF margin10.3%+9.9pp

Returns & leverage

See full

Return on equity6.3%-0.1pp

Debt / equity0.9×+0.2×

Current ratio1.1×-0.2×

Where this comes from

Reported directly by Hewlett Packard Enterprise in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Hewlett Packard Enterprise’s 10-Q, filed June 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hewlett Packard Enterprise's routing — total consolidated net revenue?: Hewlett Packard Enterprise (HPE) reported routing — total consolidated net revenue of $775M in Q1 2026.
What does routing — total consolidated net revenue mean?: This metric represents the total gross sales generated by the Routing business segment, encompassing the sale of networking hardware, software, and associated services. It serves as a primary indicator of the company's market penetration and competitive positioning within the enterprise networking infrastructure space. By tracking this revenue, stakeholders can assess the demand for the company's connectivity solutions in hybrid cloud and edge environments.