What is Hewlett Packard Enterprise's R&D?

Hewlett Packard Enterprise (HPE) reported R&D of $922M in Q1 2026.

How has Hewlett Packard Enterprise's R&D changed year-over-year?

Hewlett Packard Enterprise's R&D increased by 70.7% year-over-year, from $540M to $922M.

What is the long-term trend for Hewlett Packard Enterprise's R&D?

Over 4 years (2021 to 2025), Hewlett Packard Enterprise's R&D has grown at a 6.2% compound annual growth rate (CAGR), from $1.98B to $2.52B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Hewlett Packard Enterprise HPE R&D

R&D at other companies

International Business MachinesIBM

$2.17B+11.4%

Cisco Systems, Inc.CSCO

$2.38B+1.8%

NetAppNTAP

$261M+2.0%

Extreme NetworksEXTR

$59.18M+6.3%

NetgearNTGR

$21.67M+18.3%

Super Micro Computer, Inc.SMCI

$215.66M+32.4%

Other financials

Income statement

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Revenue$10.7B+40.0%

Operating income$747.0M+167%

Net income$624.0M+159%

EPS (diluted)$0.44+154%

Balance sheet

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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

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Operating cash flow$1.4B+406%

CapEx$583.0M+6.6%

Free cash flow$827.0M+182%

Valuation

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Market cap$59.73B+126%

Enterprise value$77.88B+150%

P/E38.4×+20.3×

P/S1.5×+0.7×

Profitability

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Gross margin31.4%—

Operating margin3.8%+2.0pp

Net margin4%-0.6pp

FCF margin10.3%+9.9pp

Returns & leverage

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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:ResearchAndDevelopmentExpense.

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 R&D?: Hewlett Packard Enterprise (HPE) reported R&D of $922M in Q1 2026.
How has Hewlett Packard Enterprise's R&D changed year-over-year?: Hewlett Packard Enterprise's R&D increased by 70.7% year-over-year, from $540M to $922M.
What is the long-term trend for Hewlett Packard Enterprise's R&D?: Over 4 years (2021 to 2025), Hewlett Packard Enterprise's R&D has grown at a 6.2% compound annual growth rate (CAGR), from $1.98B to $2.52B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.