XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Information (Tables) | 6 Months Ended
--- | ---
Apr. 30, 2025
Segment Reporting [Abstract] |
Segment Operating Results from Continuing Operations | Segment net revenue and operating results were as follows:
| Server |  |  |  | Hybrid Cloud |  | Intelligent Edge |  | Financial Services |  | Corporate Investments and Other |  | Total
| In millions
Three months ended April 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue | $ | 4,028 |  |  |  |  | $ | 1,393 |  |  | $ | 1,156 |  |  | $ | 857 |  |  | $ | 193 |  |  | $ | 7,627 |
Intersegment net revenue | 30 |  |  |  |  | 60 |  |  | 6 |  |  | (1) |  |  | 1 |  |  | 96 |
Total segment net revenue | $ | 4,058 |  |  |  |  | $ | 1,453 |  |  | $ | 1,162 |  |  | $ | 856 |  |  | $ | 194 |  |  | $ | 7,723 |
Segment earnings (loss) from operations | $ | 241 |  |  |  |  | $ | 78 |  |  | $ | 274 |  |  | $ | 89 |  |  | $ | (10) |  |  | $ | 672 |
Three months ended April 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue(1) | $ | 3,786 |  |  |  |  | $ | 1,218 |  |  | $ | 1,081 |  |  | $ | 867 |  |  | $ | 252 |  |  | $ | 7,204 |
Intersegment net revenue | 55 |  |  |  |  | 64 |  |  | 5 |  |  | — |  |  | — |  |  | 124 |
Total segment net revenue(1) | $ | 3,841 |  |  |  |  | $ | 1,282 |  |  | $ | 1,086 |  |  | $ | 867 |  |  | $ | 252 |  |  | $ | 7,328 |
Segment earnings (loss) from operations(1) | $ | 423 |  |  |  |  | $ | 13 |  |  | $ | 237 |  |  | $ | 81 |  |  | $ | (9) |  |  | $ | 745 |
Six months ended April 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue | $ | 8,299 |  |  |  |  | $ | 2,760 |  |  | $ | 2,303 |  |  | $ | 1,729 |  |  | $ | 390 |  |  | $ | 15,481 |
Intersegment net revenue | 49 |  |  |  |  | 98 |  |  | 5 |  |  | — |  |  | 1 |  |  | 153 |
Total segment net revenue | $ | 8,348 |  |  |  |  | $ | 2,858 |  |  | $ | 2,308 |  |  | $ | 1,729 |  |  | $ | 391 |  |  | $ | 15,634 |
Segment earnings (loss) from operations | $ | 589 |  |  |  |  | $ | 177 |  |  | $ | 588 |  |  | $ | 171 |  |  | $ | (12) |  |  | $ | 1,513 |
Six months ended April 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue(1) | $ | 7,007 |  |  |  |  | $ | 2,449 |  |  | $ | 2,274 |  |  | $ | 1,739 |  |  | $ | 490 |  |  | $ | 13,959 |
Intersegment net revenue | 161 |  |  |  |  | 106 |  |  | 13 |  |  | 1 |  |  | — |  |  | 281 |
Total segment net revenue(1) | $ | 7,168 |  |  |  |  | $ | 2,555 |  |  | $ | 2,287 |  |  | $ | 1,740 |  |  | $ | 490 |  |  | $ | 14,240 |
Segment earnings (loss) from operations(1) | $ | 802 |  |  |  |  | $ | 64 |  |  | $ | 590 |  |  | $ | 155 |  |  | $ | (19) |  |  | $ | 1,592 |
(1) Effective at the beginning of the first quarter of fiscal 2025, in order to align its segment financial reporting more closely with its current business structure, HPE implemented an organizational change with the transfer of certain managed services, previously reported within the Server reportable segment, to the Hybrid Cloud reportable segment.
Reconciliation of Segment Operating Results | The reconciliation of segment operating results to Condensed Consolidated Statements of Earnings was as follows:
| For the three months ended April 30, |  | For the six months ended April 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| In millions
Net Revenue: |  |  |  |  |  |  |
Total segments | $ | 7,723 |  |  | $ | 7,328 |  |  | $ | 15,634 |  |  | $ | 14,240 |
Eliminations of intersegment net revenue | (96) |  |  | (124) |  |  | (153) |  |  | (281) |
Total consolidated net revenue | $ | 7,627 |  |  | $ | 7,204 |  |  | $ | 15,481 |  |  | $ | 13,959 |
(Loss) Earnings Before Taxes: |  |  |  |  |  |  |
Total segment earnings from operations | $ | 672 |  |  | $ | 745 |  |  | $ | 1,513 |  |  | $ | 1,592 |
Unallocated corporate costs and eliminations | (59) |  |  | (61) |  |  | (120) |  |  | (133) |
Stock-based compensation expense | (116) |  |  | (120) |  |  | (270) |  |  | (261) |
Amortization of intangible assets | (37) |  |  | (67) |  |  | (75) |  |  | (138) |
Transformation credit (costs) | 13 |  |  | (33) |  |  | (2) |  |  | (53) |
Gain on sale of a business | — |  |  | — |  |  | 244 |  |  | — |
H3C divestiture related severance costs | (20) |  |  | — |  |  | (97) |  |  | — |
Cost reduction program | (146) |  |  | — |  |  | (146) |  |  | — |
Acquisition, disposition and other charges | (55) |  |  | (39) |  |  | (118) |  |  | (57) |
Impairment of goodwill | (1,361) |  |  | — |  |  | (1,361) |  |  | — |
Interest and other, net | 39 |  |  | (22) |  |  | 78 |  |  | (110) |
Earnings from equity interests | 25 |  |  | 42 |  |  | 42 |  |  | 88 |
Total (loss) earnings before provision for taxes | $ | (1,045) |  |  | $ | 445 |  |  | $ | (312) |  |  | $ | 928 |
Net Revenue by Geographic Areas | Net revenue by geographic region was as follows:
| For the three months ended April 30, |  | For the six months ended April 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| In millions
Americas: |  |  |  |  |  |  |
United States | $ | 2,739 |  |  | $ | 2,584 |  |  | $ | 5,257 |  |  | $ | 4,878 |
Americas excluding United States | 562 |  |  | 560 |  |  | 1,436 |  |  | 1,067 |
Total Americas | 3,301 |  |  | 3,144 |  |  | 6,693 |  |  | 5,945 |
Europe, Middle East and Africa | 2,739 |  |  | 2,454 |  |  | 5,419 |  |  | 4,888 |
Asia Pacific and Japan | 1,587 |  |  | 1,606 |  |  | 3,369 |  |  | 3,126 |
Total consolidated net revenue | $ | 7,627 |  |  | $ | 7,204 |  |  | $ | 15,481 |  |  | $ | 13,959 |

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration