{
  "url": "https://struct.news/briefs/hpes-cash-flow-jumped-832-its-inventory-grew-twice-as-fast-as-sales",
  "title": "HPE's cash flow jumped 832%. Its inventory grew twice as fast as sales",
  "summary": "Operating cash flow reached $4.2 billion in nine months, even as inventory climbed 65.1% to $11.8 billion.",
  "published_at": "2026-09-03T12:24:15.277592+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Hewlett Packard Enterprise Company",
    "ticker": "HPE",
    "cik": "1645590",
    "sector": "Technology",
    "industry": "Communication Equipment"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-09-03",
    "accession": "0001645590-26-000080",
    "url": "https://www.sec.gov/Archives/edgar/data/1645590/000164559026000080/hpe-20260731.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-09-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1645590/000164559025000101/hpe-20250731.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 34296000000,
      "display": "$34.3B",
      "unit": "usd",
      "period": "2025-10-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001645590-26-000080",
        "filing_date": "2026-09-03"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 13.838085438311154,
      "display": "+13.8%",
      "unit": "percent",
      "period": "2025-10-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001645590-26-000080",
        "filing_date": "2026-09-03"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": -1.27420107301143,
      "display": "-1.3%",
      "unit": "percent",
      "period": "2025-10-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001645590-26-000080",
        "filing_date": "2026-09-03"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Inventory grew 65.1%, faster than revenue, as HPE reported higher-than-normal levels tied to components, GPU transitions, supply purchases, and longer AI-order acceptance timelines.",
      "importance": "medium",
      "evidence": "We have experienced higher-than-normal inventory levels, primarily due to frequent component part updates, customers transitioning to the next generation of GPUs, our efforts to secure supply ahead of demand, and longer customer acceptance timelines on AI-related orders.",
      "source_date": "2026-09-03"
    },
    {
      "type": "product_pipeline",
      "statement": "R&D expense rose $536 million, primarily from Juniper-related operating expenses and higher variable employee costs.",
      "importance": "medium",
      "evidence": "Operating expenses Research and development (“R&D”) For the three months ended July 31, 2026, R&D expense increased by $536 million, or 86.2%, primarily due to increased operating expenses associated with Juniper Networks and higher variable employee costs, which contributed 80.0 percentage points to the change.",
      "source_date": "2026-09-03"
    },
    {
      "type": "interest_rates",
      "statement": "Nine-month interest and other expense increased $288 million, primarily because net interest expense rose $283 million.",
      "importance": "medium",
      "evidence": "For the nine months ended July 31, 2026, interest and other, net expense increased by $288 million, or 334.9%, primarily due to higher net interest expense of $283 million.",
      "source_date": "2026-09-03"
    },
    {
      "type": "pricing",
      "statement": "Average selling price increased, primarily because of commodity price increases, especially memory and SSDs.",
      "importance": "medium",
      "evidence": "The increase in average selling price was primarily driven by commodity price increases, especially memory and SSDs.",
      "source_date": "2026-09-03"
    }
  ],
  "related_tickers": [
    "HPE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}