What changed in this filing

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Item 1. Financial Statements

2026-06-02 compared with 2026-03-10 · 337 added, 227 removed, 862 unchanged (40% of the section changed)

Financial Statements.

Condensed Consolidated Statements of Earnings for the three months ended J anuary 31, 202 6 and 202 5 (Unaudited)

Condensed Consolidated Statements of Comprehensive Income for the three months ended J anuary 31, 202 6 and 202 5 (Unaudited)

Condensed Consolidated Balance Sheets as of J anuary 31, 202 6 (Unaudited) and October 31, 202 5 (Audited)

Condensed Consolidated Statements of Cash Flows for the three months ended January 31, 202 6 and 202 5 (Unaudited)

Condensed Consolidated Statements of Stockholders' Equity for the three months ended J anuary 31, 202 6 and 202 5 (Unaudited)

Condensed Consolidated Statements of Earnings for the three and six months ended April 30, 2026 and 2025 (Unaudited)

Condensed Consolidated Statements of Comprehensive Income for the three and six months ended April 3 0 , 2026 and 2025 (Unaudited)

Condensed Consolidated Balance Sheets as of April 3 0 , 2026 (Unaudited) and October 31, 2025 (Audited)

Condensed Consolidated Statements of Cash Flows for the six months ended April 3 0 , 2026 and 2025 (Unaudited)

Condensed Consolidated Statements of Stockholders' Equity for the three and six months ended April 3 0 , 2026 and 2025 (Unaudited)

Notes to Condensed Consolidated Financial Statements (Unaudited)

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Stockholders' Equity

Net Earnings Per Share

Net Earnings (Loss) Per Share

Litigation, Contingencies, and Commitments

Subsequent Events

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1 unchanged sentence

Condensed Consolidated Statements of Earnings

For the three months ended January 31,

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

In millions, except per share amounts

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Amortization of intangible assets 323 37 634 75

Transformation costs — 15

Impairment charges — 1,361 — 1,361

Acquisition, disposition and other charges 78 42 195 123

Total costs and expenses 9,931 8,736 18,762 16,157

Earnings from operations 470 433

Earnings (loss) from operations 747 ( 1,109 ) 1,217 ( 676 )

Interest and other, net ( 73 ) 39 ( 127 ) 78

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Earnings from equity interests 25 25 42 42

Earnings before provision for taxes 433 733

Benefit (provision) for taxes 19 ( 106 )

Net earnings attributable to HPE 452 627

Earnings (loss) before provision for taxes 699 ( 1,045 ) 1,132 ( 312 )

Provision for taxes ( 75 ) ( 5 ) ( 56 ) ( 111 )

Net earnings (loss) attributable to HPE 624 ( 1,050 ) 1,076 ( 423 )

Preferred stock dividends ( 29 ) ( 29 ) ( 58 ) ( 58 )

Net earnings attributable to common stockholders $ 423 $ 598

Net Earnings Per Share Attributable to Common Stockholders:

Net earnings (loss) attributable to common stockholders $ 595 $ ( 1,079 ) $ 1,018 $ ( 481 )

Net Earnings (Loss) Per Share Attributable to Common Stockholders:

Basic $ 0.45 $ ( 0.82 ) $ 0.76 $ ( 0.36 )

Diluted $ 0.44 $ ( 0.82 ) $ 0.75 $ ( 0.36 )

Weighted-average Shares Used to Compute Net Earnings Per Share:

Weighted-average Shares Used to Compute Net Earnings (Loss) Per Share:

Basic 1,335 1,322 1,335 1,319

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Condensed Consolidated Statements of Comprehensive Income

For the three months ended January 31,

Net earnings attributable to HPE $ 452 $ 627

Other Comprehensive (Loss) Income, Before Taxes

Change in Net Unrealized Gains (Losses) on Available-for-sale Securities:

Net unrealized gains (losses) arising during the period 1 ( 1 )

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

Net earnings (loss) attributable to HPE $ 624 $ ( 1,050 ) $ 1,076 $ ( 423 )

Other Comprehensive Income (Loss), Before Taxes

Change in Net Unrealized Losses on Available-for-sale Securities:

Net unrealized losses arising during the period ( 3 ) ( 5 ) ( 2 ) ( 6 )

( 3 ) ( 5 ) ( 2 ) ( 6 )

Change in Net Unrealized Components of Cash Flow Hedges:

Net unrealized (losses) gains arising during the period ( 191 ) 270

Net losses (gains) reclassified into earnings 138 ( 213 )

Net unrealized gains (losses) arising during the period 126 ( 465 ) ( 65 ) ( 195 )

Net (gains) losses reclassified into earnings ( 53 ) 244 85 31

73 ( 221 ) 20 ( 164 )

Change in Unrealized Components of Defined Benefit Plans:

Net unrealized losses arising during the period ( 1 ) ( 20 ) ( 1 ) ( 20 )

Amortization of net actuarial loss and prior service benefit 25 29 49 59

Curtailments, settlements and other 2 3 2 3

Change in Cumulative Translation Adjustment:

Other Comprehensive (Loss) Income, Before Taxes ( 28 ) 64

Benefit (Provision) for Taxes 4 ( 14 )

Other Comprehensive (Loss) Income , Net of Taxes ( 24 ) 50

Comprehensive Income $ 428 $ 677

( 23 ) 10 ( 23 ) ( 12 )

Other Comprehensive Income (Loss), Before Taxes 73 ( 204 ) 45 ( 140 )

(Provision) Benefit for Taxes ( 18 ) 37 ( 14 ) 23

Other Comprehensive Income (Loss), Net of Taxes 55 ( 167 ) 31 ( 117 )

Comprehensive Income (Loss) $ 679 $ ( 1,217 ) $ 1,107 $ ( 540 )

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

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Condensed Consolidated Balance Sheets

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

(Unaudited) (Audited)

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HPE Stockholders' Equity:

7.625 % Series C mandatory convertible preferred stock, $ 0.01 par value ( 30,000,000 shares issued and outstanding as of January 31, 2026 and October 31, 2025, respectively)

7.625 % Series C mandatory convertible preferred stock, $ 0.01 par value ( 30,000,000 shares issued and outstanding as of April 30, 2026 and October 31, 2025, respectively)

Common stock, $ 0.01 par value ( 9,600,000,000 shares authorized;

1,328,922,107 and 1,318,292,428 shares issued and outstanding as of January 31, 2026 and October 31, 2025, respectively)

1,323,294,768 and 1,318,292,428 shares issued and outstanding as of April 30, 2026 and October 31, 2025, respectively)

Additional paid-in capital 30,207 30,234

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Condensed Consolidated Statements of Cash Flows (Unaudited)

For the three months ended January 31,

For the six months ended April 30,

Cash Flows from Operating Activities:

Net earnings attributable to HPE $ 452 $ 627

Adjustments to Reconcile Net Earnings Attributable to HPE to Net Cash Provided by (Used in) Operating Activities:

Net earnings (loss) attributable to HPE $ 1,076 $ ( 423 )

Adjustments to Reconcile Net Earnings (Loss) Attributable to HPE to Net Cash Provided by (Used in) Operating Activities:

Depreciation and amortization 1,749 1,173

Impairment charges — 1,361

Stock-based compensation expense 434 270

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Common Stock Preferred Stock

For the three months ended January 31, 2026 Number of Shares Par Value Number of 7.625 %

For the three months ended April 30, 2026 Number of Shares Par Value Number of 7.625 %

Series C Mandatory

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In millions, except number of shares in thousands

Balance as of October 31, 2025 1,318,292 $ 13 30,000 $ 30,234 $ ( 2,811 ) $ ( 2,748 ) $ 24,688 $ 66 $ 24,754

Balance as of January 31, 2026 1,328,922 $ 13 30,000 $ 30,126 $ ( 2,593 ) $ ( 2,772 ) $ 24,774 $ 60 $ 24,834

Net earnings attributable to HPE 624 624 1 625

Other comprehensive loss ( 24 ) ( 24 ) ( 24 )

Other comprehensive income 55 55 55

Comprehensive income 679 1 680

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( 189 ) ( 189 ) — ( 189 )

Balance as of January 31, 2026 1,328,922 $ 13 30,000 $ 30,126 $ ( 2,593 ) $ ( 2,772 ) $ 24,774 $ 60 $ 24,834

Balance as of April 30, 2026 1,323,295 $ 13 30,000 $ 30,207 $ ( 2,211 ) $ ( 2,717 ) $ 25,292 $ 61 $ 25,353

Common Stock Preferred Stock

For the three months ended January 31, 2025 Number of Shares Par Value Number of 7.625 %

For the six months ended April 30, 2026

Number of Shares Par Value Number of 7.625 %

Series C Mandatory

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Repurchases of common stock ( 13,584 ) ( 273 ) ( 40 ) ( 313 ) ( 313 )

Dividend on preferred stock accrued / declared

Dividends on preferred stock accrued/declared

($ 1.9063 per preferred share)

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( 379 ) ( 379 ) ( 8 ) ( 387 )

Balance as of April 30, 2026 1,323,295 $ 13 30,000 $ 30,207 $ ( 2,211 ) $ ( 2,717 ) $ 25,292 $ 61 $ 25,353

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Common Stock Preferred Stock

For the three months ended April 30, 2025 Number of Shares Par Value Number of 7.625 %

Series C Mandatory

Additional Paid-in Capital Accumulated Deficit Accumulated

Comprehensive

Interests Total

In millions, except number of shares in thousands

Balance as of January 31, 2025 1,313,391 $ 13 30,000 $ 29,780 $ ( 1,642 ) $ ( 2,927 ) $ 25,224 $ 58 $ 25,282

Net (loss) earnings attributable to HPE ( 1,050 ) ( 1,050 ) 2 ( 1,048 )

Other comprehensive loss ( 167 ) ( 167 ) ( 167 )

Comprehensive (loss) income ( 1,217 ) 2 ( 1,215 )

Stock-based compensation expense 116 116 116

Tax withholding related to vesting of employee stock plans ( 5 ) ( 5 ) ( 5 )

Issuance of common stock in connection with employee stock plans and other 473 ( 1 ) ( 1 ) ( 1 )

Repurchases of common stock ( 3,332 ) ( 50 ) ( 50 ) ( 50 )

Dividend on preferred stock accrued/declared

($ 0.9531 per preferred share)

( 29 ) ( 29 ) ( 29 )

Cash dividends declared ($ 0.13 per share)

( 171 ) ( 171 ) ( 171 )

Balance as of April 30, 2025 1,310,532 $ 13 30,000 $ 29,840 $ ( 2,892 ) $ ( 3,094 ) $ 23,867 $ 60 $ 23,927

Common Stock Preferred Stock

For the six months ended April 30, 2025

Number of Shares Par Value Number of 7.625 %

Series C Mandatory

Additional Paid-in Capital Accumulated Deficit Accumulated

Comprehensive

Interests Total

In millions, except number of shares in thousands

Balance as of October 31, 2024 1,297,258 $ 13 30,000 $ 29,848 $ ( 2,068 ) $ ( 2,977 ) $ 24,816 $ 64 $ 24,880

Net (loss) earnings attributable to HPE ( 423 ) ( 423 ) 4 ( 419 )

Other comprehensive loss ( 117 ) ( 117 ) ( 117 )

Comprehensive (loss) income ( 540 ) 4 ( 536 )

Stock-based compensation expense 270 270 270

Tax withholding related to vesting of employee stock plans ( 197 ) ( 197 ) ( 197 )

Issuance of common stock in connection with employee stock plans and other 18,901 17 1 18 18

Repurchases of common stock ( 5,627 ) ( 98 ) ( 2 ) ( 100 ) ( 100 )

Dividend on preferred stock accrued/declared

($ 1.9063 per preferred share)

( 58 ) ( 58 ) ( 58 )

Cash dividends declared ($ 0.26 per share)

( 342 ) ( 342 ) ( 8 ) ( 350 )

Balance as of April 30, 2025 1,310,532 $ 13 30,000 $ 29,840 $ ( 2,892 ) $ ( 3,094 ) $ 23,867 $ 60 $ 23,927

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

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Overview and Summary of Significant Accounting Policies

Hewlett Packard Enterprise Company (“Hewlett Packard Enterprise,” “HPE,” or the “Company”) is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge-to-cloud.

Hewlett Packard Enterprise enables customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future.

Hewlett Packard Enterprise's customers range from small- and medium-sized businesses to large global enterprises and governmental entities.

Hewlett Packard Enterprise Company (“HPE,” or the “Company”) is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge-to-cloud.

HPE enables customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future.

HPE's customers range from small- and medium-sized businesses to large global enterprises and governmental entities.

Basis of Presentation and Consolidation

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Recently Enacted Accounting Pronouncements

In December 2025, the Financial Accounting Standards Board (“FASB”) issued guidance to improve the guidance in Topic 270, Interim Reporting, by improving the navigability of the required interim disclosures and clarifying when that guidance is applicable.

The amendment is effective for interim periods with annual reporting periods beginning after December 15, 2027, though early adoption is permitted.

The Company is currently evaluating the impact of this amendment on its Consolidated Financial Statements.

In December 2025, the FASB issued guidance to establish the accounting for a government grant received by a business entity.

In May 2026, the Financial Accounting Standards Board (“FASB”) issued guidance to provide recognition, measurement, presentation, and disclosure requirements for environmental credits and environmental credit obligations.

The amendment is effective for annual and interim periods beginning after December 15, 2027, though early adoption is permitted.

The Company is currently evaluating the impact of this amendment on its Consolidated Financial Statements.

In December 2025, the FASB issued guidance to improve the guidance in Topic 270, Interim Reporting, by improving the navigability of the required interim disclosures and clarifying when that guidance is applicable.

The amendment is effective for interim periods with annual reporting periods beginning after December 15, 2027, though early adoption is permitted.

The Company is currently evaluating the impact of this amendment on its Consolidated Financial Statements.

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Notes to Condensed Consolidated Financial Statements (Continued)

In December 2025, the FASB issued guidance to establish the accounting for a government grant received by a business entity.

The amendment is effective for annual and interim periods beginning after December 15, 2028, though early adoption is permitted.

The Company is currently evaluating the impact of this amendment on its Consolidated Financial Statements.

In September 2025, the FASB issued guidance to target improvements to the Accounting for Internal-Use Software, which simplifies the capitalization guidance by removing all references to software development project stages and clarifies the criteria to begin capitalizing cost.

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Segment Information

Hewlett Packard Enterprise's operations are organized into three segments for financial reporting purposes:

HPE's operations are organized into three segments for financial reporting purposes:

Cloud & AI, Networking, and Corporate Investments and Other.

Hewlett Packard Enterprise's organizational structure is based on a number of factors that the Chief Operating Decision Maker (“CODM”), Antonio F.

HPE’s organizational structure is based on a number of factors that the Chief Operating Decision Maker (“CODM”), Antonio F.

Neri, who is the President and Chief Executive Officer, uses to evaluate, view and run the Company's business operations, which include, but are not limited to, customer base and homogeneity of products and technology.

The three segments are based on this structure and information reviewed by Hewlett Packard Enterprise's management to evaluate segment results.

The three segments are based on this structure and information reviewed by HPE's management to evaluate segment results.

A summary of the types of products and services within each segment is as follows:

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Storage offerings also include the Company’s GreenLake Flex and software solutions.

Financial services provides flexible investment solutions, such as leasing, financing, IT consumption, utility programs, and asset management services for customers that facilitate unique technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others.

Corporate Investments and Other includes the Advisory and Professional Services (“A & PS”) business, which primarily offers consultative-led services, HPE and partner technology expertise and advice, implementation services as well as complex solution engagement capabilities;

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Segment Policy

Hewlett Packard Enterprise does not allocate to its segments certain operating expenses, which it manages at the corporate level.

These unallocated operating costs include certain corporate costs and eliminations, stock-based compensation expense, amortization of intangible assets, transformation costs, H3C divestiture related severance costs, severance costs

HPE does not allocate to its segments certain operating expenses, which it manages at the corporate level.

These unallocated operating costs include certain corporate costs and eliminations, stock-based compensation expense, amortization of

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Notes to Condensed Consolidated Financial Statements (Continued)

associated with the cost reduction program, and acquisition, disposition and other charges.

intangible assets, H3C divestiture related severance costs, severance costs associated with the cost reduction program, acquisition, disposition and other charges, and impairment charges.

Total assets by segment are not presented as that information is not used to allocate resources or assess performance at the segment level and is not reviewed by the CODM.

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Investments and Other Total

Three months ended January 31, 2026:

Three months ended April 30, 2026:

Total segment net revenue $ 2,690 $ 7,707 $ 281 $ 10,678

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Segment earnings (loss) from operations $ 581 $ 954 $ ( 9 ) $ 1,526

Three months ended January 31, 2025 (1) :

Three months ended April 30, 2025 (1) :

Total segment net revenue $ 1,084 $ 6,271 $ 272 $ 7,627

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Segment earnings (loss) from operations $ 271 $ 414 $ ( 7 ) $ 678

Six months ended April 30, 2026:

Total segment net revenue $ 5,396 $ 14,041 $ 542 $ 19,979

Segment cost of sales 2,105 10,112 421 12,638

Segment operating expenses 2,070 2,330 142 4,542

Segment earnings (loss) from operations $ 1,221 $ 1,599 $ ( 21 ) $ 2,799

Six months ended April 30, 2025 (1) :

Total segment net revenue $ 2,160 $ 12,782 $ 539 $ 15,481

Segment cost of sales 817 9,704 406 10,927

Segment operating expenses 752 2,117 148 3,017

Segment earnings (loss) from operations $ 591 $ 961 $ ( 15 ) $ 1,537

(1) Effective at the beginning of the first quarter of fiscal 2026, HPE implemented an organizational change by (i) merging the Server, Hybrid Cloud, and Financial Services business segments into a new segment named Cloud & AI and (ii) transferring the Telco and Instant On businesses to Corporate Investments and Other from Networking.

The Company reflected these changes to its segment information retrospectively.

These changes had no impact on Hewlett Packard Enterprise’s previously reported consolidated net revenue, net earnings, net earnings per share or total assets.

These changes had no impact on HPE ’s previously reported consolidated net revenue, net earnings, net earnings per share or total assets.

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

The reconciliation of segment operating results to Condensed Consolidated Statements of Earnings was as follows:

For the three months ended January 31,

Earnings Before Taxes:

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

Earnings (Loss) Before Taxes:

Total segment earnings from operations $ 1,526 $ 678 $ 2,799 $ 1,537

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Amortization of intangible assets ( 323 ) ( 37 ) ( 634 ) ( 75 )

Transformation costs — ( 15 )

Impairment charges — ( 1,361 ) — ( 1,361 )

Gain on sale of a business — — — 244

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Earnings from equity interests 25 25 42 42

Total earnings before provision for taxes $ 433 $ 733

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

Total earnings (loss) before provision for taxes $ 699 $ ( 1,045 ) $ 1,132 $ ( 312 )

Geographic Information

Net revenue by geographic region was as follows:

For the three months ended January 31,

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

United States $ 3,952 $ 2,739 $ 7,272 $ 5,257

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Total consolidated net revenue $ 10,678 $ 7,627 $ 19,979 $ 15,481

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

Disaggregation of Revenue

Net revenue disaggregated by segment and major product categories was as follows:

For the three months ended January 31,

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

Campus & Branch $ 1,322 $ 880 $ 2,549 $ 1,744

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Server 5,454 4,109 9,686 8,457

1,175 1,148 2,236 2,203

Financial Services 904 856 1,780 1,729

174 158 339 393

Total 7,707 6,271 14,041 12,782

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(2) Other category includes intersegment revenue eliminations and third-party storage solutions.

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

Retirement Benefit Plans

The Company's net pension benefit credit for defined benefit plans recognized in the Condensed Consolidated Statements of Earnings was as follows:

For the three months ended January 31,

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

Service cost $ 15 $ 12 $ 30 $ 24

Interest cost (1)

95 89 188 178

Expected return on plan assets (1)

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Actuarial loss 24 31 48 62

Prior service benefit — ( 1 )

Prior service cost (benefit) 2 ( 1 ) 2 ( 2 )

Net periodic benefit credit ( 23 ) ( 15 ) ( 47 ) ( 33 )

Settlement loss and special termination benefits (1)

Total net benefit credit $ ( 21 ) $ ( 12 ) $ ( 45 ) $ ( 30 )

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Taxes on Earnings

Benefit (Provision) for Taxes

For the three months ended January 31, 2026 and 2025, the Company recorded income tax benefit of $ 19 million and income tax expense of $ 106 million, respectively, which reflects an effective tax rate of ( 4.4 )% and 14.5 %, respectively.

Provision for Taxes

For the three months ended April 30, 2026 and 2025, the Company recorded income tax expense of $ 75 million and $ 5 million, respectively, which reflects an effective tax rate of 10.7 % and ( 0.5 )%, respectively.

For the six months ended April 30,

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

2026 and 2025, the Company recorded income tax expense of $ 56 million and $ 111 million, respectively, which reflects an effective tax rate of 4.9 % and ( 35.6 )%, respectively.

The effective tax rate generally differs from the U.S.

federal statutory rate of 21% due to favorable tax rates associated with certain earnings from the Company’s operations in lower tax jurisdictions throughout the world but is also impacted by discrete tax adjustments during each fiscal period.

For the three months ended January 31, 2026, the Company recorded $ 85 million of net income tax benefits related to various items discrete to the period.

The amount primarily included $ 67 million of net income tax benefits related to costs incurred as a result of the merger (which was inclusive of a $ 42 million net income tax benefit from the tax impact of integration transactions) and $ 22 million of net excess tax benefits related to stock-based compensation.

For the three months ended January 31, 2025, the Company recorded $ 17 million of net income tax benefits related to various items discrete to the period.

The amount primarily included $ 30 million of net excess tax benefits related to stock-based compensation and $ 10 million of net income tax benefits related to acquisition, disposition and other charges, partially offset by $ 22 million of net income tax charges resulting from the gain on the CTG divestiture.

For the three and six months ended April 30, 2025, the effective tax rate also included the effects of the non-deductible goodwill impairment.

For the three and six months ended April 30, 2026, the Company recorded $ 42 million of net income tax charges and $ 43 million of net income tax benefits, respectively, related to various items discrete to the period.

For the three months ended April 30, 2026, this amount primarily included $ 29 million of net income tax charges related to the increase in uncertain tax positions with respect to federal and state impacts of the U.S.

income tax audit for fiscal 2020 to 2022.

For the six months ended April 30, 2026, this amount primarily included $ 66 million of net income tax benefits related to the costs incurred as a result of the acquisition of Juniper Networks Inc.

(“Juniper Networks”) (which was inclusive of a $ 24 million net income tax benefit from the tax impact of integration transactions) and $ 23 million of net excess tax benefits related to stock-based compensation, partially offset by $ 29 million of net income tax charges related to the increase in uncertain tax positions with respect to federal and state impacts of the U.S.

income tax audit for fiscal 2020 to 2022.

For the three and six months ended April 30, 2025, the Company recorded $ 94 million and $ 111 million of net income tax benefits, respectively, related to various items discrete to the period.

For the three months ended April 30, 2025, this amount primarily included $ 33 million of net income tax benefits related to the cost reduction program, $ 33 million of net income tax benefits related to the favorable resolution of non-U.S.

tax litigation matters, and $ 16 million of net income tax benefits related to the settlement of U.S.

tax audit matters.

For the six months ended April 30, 2025, this amount primarily included $ 33 million of net income tax benefits related to the cost reduction program, $ 33 million of net income tax benefits related to the favorable resolution of non-U.S.

tax litigation matters, $ 31 million of net excess tax benefits related to stock-based compensation, $ 16 million of net income tax benefits related to the settlement of U.S.

tax audit matters, and $ 14 million of net income tax benefits related to acquisition, disposition and other charges, partially offset by $ 22 million of net income tax charges resulting from the gain on the Communications Technology Group (“CTG”) divestiture.

Uncertain Tax Positions

As of January 31, 2026 and October 31, 2025, the amount of unrecognized tax benefits was $ 482 million and $ 474 million, respectively, of which up to $ 336 million and $ 326 million, respectively, would affect the Company's effective tax rate if realized as of their respective periods.

For tax liabilities pertaining to unrecognized tax benefits, the Company recognizes interest income from favorable settlements and interest expense and penalties in Benefit (provision) for taxes in the Condensed Consolidated Statements of Earnings.

As of January 31, 2026 and October 31, 2025, the Company had accrued $ 42 million, in both periods for interest and penalties in the Condensed Consolidated Balance Sheets.

As of April 30, 2026 and October 31, 2025, the amount of unrecognized tax benefits was $ 875 million and $ 474 million, respectively, of which up to $ 413 million and $ 326 million, respectively, would affect the Company's effective tax rate if realized as of their respective periods.

For tax liabilities pertaining to unrecognized tax benefits, the Company recognizes interest income from favorable settlements and interest expense and penalties in Provision for taxes in the Condensed Consolidated Statements of Earnings.

The Company recognized $ 10 million of interest expense and $ 19 million of interest income for the six months ended April 30, 2026 and 2025, respectively.

As of April 30, 2026 and October 31, 2025, the Company had accrued $ 52 million and $ 42 million, respectively for interest and penalties in the Condensed Consolidated Balance Sheets.

The Company engages in continuous discussion and negotiation with tax authorities regarding tax matters in various jurisdictions.

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federal income tax returns.

During the first quarter of fiscal 2026, the IRS issued notices of proposed adjustments (“NOPAs”) for fiscal 2020, 2021, and 2022 relating to the Company’s intercompany transfer pricing.

The IRS is seeking to materially increase taxable income across the three fiscal years.

However, the Company disagrees with the IRS’ adjustments and believes the positions taken on its tax returns are more likely than not to prevail on technical merits, and the Company will defend these positions through the IRS administrative processes, as necessary.

Accordingly, no changes have been made to the Company’s reserves for uncertain tax positions in

During the second quarter of fiscal 2026, the IRS issued notices of proposed adjustments (“NOPAs”) for fiscal 2020, 2021, and 2022 relating to the Company’s intercompany transfer pricing.

During the second quarter of fiscal 2026, the Company submitted a formal settlement offer to the IRS to facilitate the closing of the audit and recorded increased reserves for unrecognized tax benefits of $ 318 million.

The impact of the increase in reserves is almost entirely offset with a valuation allowance release, and the net impact to income tax expense for the three and six months ended April 30, 2026 was not material.

It is reasonably possible that the IRS audit for fiscal 2020 through 2022 may be concluded in the next 12 months, and it is reasonably possible that existing unrecognized tax benefits related to these years may be reduced by an amount up to $ 369 million within the next 12 months;

the majority of these unrecognized tax benefits are offset by adjustments to foreign tax credits that carry a full valuation allowance, which does not affect the Company’s effective tax rate.

With respect to major state and foreign tax jurisdictions, the Company is no longer subject to tax authority examinations for years prior to 2005.

As a result of the IRS audit for fiscal 2020 through 2022, the Company is recording additional state reserves of $ 57 million for the changes to federal taxable income.

It is reasonably possible that certain foreign and state tax issues may be concluded in the next 12 months, including issues involving resolution of certain intercompany transactions and

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Notes to Condensed Consolidated Financial Statements (Continued)

fiscal 2026 relating to the IRS’ adjustments.

other matters.

Juniper Networks is no longer subject to U.S.

federal tax audits for years prior to 2022 and is not currently under examination by the IRS for other tax years.

The Company does not expect complete resolution of any IRS audit cycle within the next 12 months.

With respect to major state and foreign tax jurisdictions, the Company is no longer subject to tax authority examinations for years prior to 2005.

It is reasonably possible that certain foreign tax issues may be concluded in the next 12 months, including issues involving resolution of certain intercompany transactions and other matters.

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities included in the Condensed Consolidated Balance Sheets were as follows:

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Deferred tax assets $ 3,099 $ 2,952

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Cash, Cash Equivalents and Restricted Cash

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Cash and cash equivalents $ 5,292 $ 5,773

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(1) The Company included restricted cash in Other current assets in the accompanying Condensed Consolidated Balance Sheets.

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Purchased parts and fabricated assemblies $ 6,210 $ 4,139

1 unchanged sentence

Total $ 9,034 $ 6,352

The Company recorded a net provision for excess or obsolete inventory to cost of sales totaling $ 233 million and $ 282 million for the three and six months ended April 30, 2026, respectively.

Property, Plant and Equipment, net

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Land $ 254 $ 309

5 unchanged sentences

Property, plant and equipment, net $ 5,597 $ 6,002

Supplier Financing Arrangements

The Company enters into supplier financing arrangements with external financial institutions.

Under these arrangements,

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1 unchanged sentence

Notes to Condensed Consolidated Financial Statements (Continued)

Supplier Financing Arrangements

The Company enters into supplier financing arrangements with external financial institutions.

Under these arrangements, suppliers can choose to settle outstanding payment obligations at a discount.

suppliers can choose to settle outstanding payment obligations at a discount.

The Company holds no economic interest in suppliers' participation, nor does it provide guarantees or pledge assets under these arrangements.

1 unchanged sentence

These arrangements do not alter the Company's rights and obligations towards suppliers, including scheduled payment terms.

Liabilities associated with the funded participation in these arrangements, are presented within Accounts payable on the Condensed Consolidated Balance Sheets, amounted to $ 406 million, and $ 488 million as of January 31, 2026 and October 31, 2025, respectively.

The rollforward of outstanding obligations confirmed as valid under its supplier finance program was as follows:

January 31, 2026 October 31, 2025

Liabilities associated with the funded participation in these arrangements, presented within Accounts payable on the Condensed Consolidated Balance Sheets, amounted to $ 599 million, and $ 488 million as of April 30, 2026 and October 31, 2025, respectively.

The rollforward of outstanding obligations confirmed as valid under its supplier finance program for the six months ended April 30, 2026, and the fiscal year ended October 31, 2025 were as follows:

April 30, 2026 October 31, 2025

Balance at beginning of period

3 unchanged sentences

Balance at end of period

The Company's aggregate product warranty liabilities and changes for the three months ended January 31, 2026, and the fiscal year ended October 31, 2025 were as follows:

January 31, 2026 October 31, 2025

The Company's aggregate product warranty liabilities and changes for the six months ended April 30, 2026, and the fiscal year ended October 31, 2025 were as follows:

April 30, 2026 October 31, 2025

Balance at beginning of period $ 284 $ 301

6 unchanged sentences

The Company incurs costs related to employee severance and records a liability for these costs when it is probable that employees will be entitled to termination benefits and the amounts can be reasonably estimated.

As of January 31, 2026, $ 158 million and $ 28 million was recorded in Other Accrued Liabilities and Other Non-current liabilities, respectively.

As of April 30, 2026, $ 124 million and $ 23 million was recorded in Other Accrued Liabilities and Other Non-current liabilities, respectively.

As of October 31, 2025, $ 204 million and $ 34 million was recorded in Other accrued liabilities and Other Non-current liabilities, respectively.

The following table presents the activity related to the Company’s severance liability for the period indicated:

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Balance at beginning of period $ 238 $ 49

6 unchanged sentences

The following table presents severance charges as included in the Condensed Consolidated Statements of Earnings for the periods indicated:

For the three months ended

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

Cost of sales $ 7 $ 62 $ 12 $ 63

9 unchanged sentences

Balance at October 31, 2025 $ 37 $ 61 $ 14

Charges — — —

Cash paid and other ( 13 ) ( 8 ) ( 2 )

Balance at January 31, 2026 $ 30 $ 57 $ 13

The current restructuring liability related to the transformation programs, reported in Other accrued liabilities in the Consolidated Balance Sheets as of January 31, 2026 and October 31, 2025 was $ 40 million and $ 42 million, respectively.

The non-current restructuring liability related to the transformation programs, reported in Other non-current liabilities in the Consolidated Balance Sheets as of January 31, 2026 and October 31, 2025 was $ 60 million and $ 70 million, respectively.

Balance at April 30, 2026 $ 24 $ 53 $ 12

The current restructuring liability related to the transformation programs, reported in Other accrued liabilities in the Consolidated Balance Sheets as of April 30, 2026 and October 31, 2025 was $ 35 million and $ 42 million, respectively.

The non-current restructuring liability related to the transformation programs, reported in Other non-current liabilities in the Consolidated Balance Sheets as of April 30, 2026 and October 31, 2025 was $ 54 million and $ 70 million, respectively.

Contract Balances

2 unchanged sentences

A summary of accounts receivable, net, including unbilled receivables was as follows:

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Accounts receivable $ 5,919 $ 4,916

5 unchanged sentences

Notes to Condensed Consolidated Financial Statements (Continued)

The allowances for credit losses related to accounts receivable and changes for the three months ended January 31, 2026, and the fiscal year ended October 31, 2025 were as follows:

January 31, 2026 October 31, 2025

The allowances for credit losses related to accounts receivable and changes for the six months ended April 30, 2026, and the fiscal year ended October 31, 2025 were as follows:

April 30, 2026 October 31, 2025

Balance at beginning of period $ 22 $ 10

3 unchanged sentences

Sale of Trade Receivables

The Company has third-party revolving short-term financing arrangements intended to facilitate the working capital requirements of certain customers.

For the three months ended January 31, 2026, the Company sold $ 1.2 billion .

For the three and six months ended April 30, 2026, the Company sold $ 1.2 billion and $ 2.4 billion of trade receivables, respectively, and received gross proceeds of $ 1.1 billion and $ 2.3 billion, respectively.

F or the fiscal year ended October 31, 2025, the Company sold $ 3.7 billion of trade receivables.

The Company recorded an obligation of $ 60 million and $ 59 million within Notes payable and short-term borrowings in its Condensed Consolidated Balance Sheets as of January 31, 2026 and October 31, 2025, respectively, related to the trade receivables sold and collected from the third-party for which the revenue recognition was deferred.

The Company recorded an obligation of $ 53 million and $ 59 million within Notes payable and short-term borrowings in its Condensed Consolidated Balance Sheets as of April 30, 2026 and October 31, 2025, respectively, related to the trade receivables sold and collected from the third-party for which the revenue recognition was deferred.

Contract Liabilities and Remaining Performance Obligations

1 unchanged sentence

A summary of contract liabilities were as follows:

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Location In millions

5 unchanged sentences

Total deferred revenue $ 10,841 $ 10,338

For the three months ended January 31, 2026, approximately $ 2.0 billion of revenue was recognized relating to contract liabilities recorded as of October 31, 2025.

For the six months ended April 30, 2026, approximately $ 3.2 billion of revenue was recognized relating to contract liabilities recorded as of October 31, 2025.

Revenue allocated to remaining performance obligations represents contract work that has not yet been performed and does not include contracts where the customer is not committed.

Remaining performance obligations estimates are subject to change and are affected by several factors, including contract terminations, changes in the scope of contracts, adjustments for revenue that has not materialized and adjustments for currency.

As of January 31, 2026, the aggregate amount of deferred revenue, was $ 10.6 billion.

As of April 30, 2026, the aggregate amount of deferred revenue, was $ 10.8 billion.

The Company expects to recognize approximately 37 % of this balance over fiscal 2026, 26 % over fiscal 2027, 17 % over fiscal 2028, 10 % over fiscal 2029, and 8 % over fiscal 2030 and thereafter.

2 unchanged sentences

As customer acceptance milestones are met, the Company will recognize revenue and reduce the amount of contract liabilities.

As of January 31, 2026, the aggregate amount of customer deposits was $ 396 million.

As of April 30, 2026, the aggregate amount of customer deposits was $ 347 million.

The Company expects to recognize $ 313 million over the next twelve months and the remaining balance thereafter.

Costs to Obtain a Contract

As of January 31, 2026, the current and non-current portions of the capitalized costs to obtain a contract were $ 92 million and $ 132 million, respectively.

As of April 30, 2026, the current and non-current portions of the capitalized costs to obtain a contract were $ 96 million and $ 140 million, respectively.

As of October 31, 2025, the current and non-current portions of the capitalized costs to obtain a contract were $ 109 million and $ 128 million, respectively.

4 unchanged sentences

obtain a contract were included in Other current assets, and Long-term financing receivables and other assets, respectively, in the Condensed Consolidated Balance Sheets.

For the three months ended January 31, 2026 and 2025, the Company amortized $ 28 million and $ 27 million, of capitalized costs to obtain a contract.

For the three and six months ended April 30, 2026 the Company amortized $ 28 million and $ 56 million, of capitalized costs to obtain a contract.

For the three and six months ended April 30, 2025 the Company amortized $ 27 million and $ 54 million, of capitalized costs to obtain a contract.

The amortized capitalized costs to obtain a contract are included in Selling, general and administrative expense in the Condensed Consolidated Statements of Earnings.

5 unchanged sentences

The components of financing receivables were as follows:

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Minimum lease payments receivable $ 9,897 $ 10,310

9 unchanged sentences

The Company enters into arrangements to transfer the contractual payments due under certain financing receivables to third party financial institutions.

For the three months ended January 31, 2026 and the fiscal year ended October 31, 2025, the Company sold $ 83 million and $ 196 million of financing receivables, respectively.

For the three and six months ended April 30, 2026, the Company sold $ 20 million and $ 103 million, respectively.

For the fiscal year ended October 31, 2025, the Company sold $ 196 million of financing receivables.

Credit Quality Indicators

7 unchanged sentences

Notes to Condensed Consolidated Financial Statements (Continued)

The credit risk profile of gross financing receivables, based on internal risk ratings as of January 31, 2026, presented on amortized cost basis by year of origination was as follows:

As of January 31, 2026

The credit risk profile of gross financing receivables, based on internal risk ratings as of April 30, 2026, presented on amortized cost basis by year of origination was as follows:

As of April 30, 2026

Low Moderate High

20 unchanged sentences

Allowance for Credit Losses

The allowance for credit losses for financing receivables as of January 31, 2026 and October 31, 2025 and the respective changes for the three and twelve months then ended were as follows:

January 31, 2026 October 31, 2025

The allowance for credit losses for financing receivables as of April 30, 2026 and October 31, 2025 and the respective changes for the six and twelve months then ended were as follows:

April 30, 2026 October 31, 2025

Balance at beginning of period $ 198 $ 194

8 unchanged sentences

The following table summarizes the aging and non-accrual status of gross financing receivables:

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Current 1-30 days $ 368 $ 349

9 unchanged sentences

The following table presents amounts included in the Condensed Consolidated Statements of Earnings related to lessor activity:

For the three months ended January 31,

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

Location In millions

13 unchanged sentences

Notes to Condensed Consolidated Financial Statements (Continued)

The following table presents the assets and liabilities held by the consolidated VIE as of January 31, 2026 and October 31, 2025, which are included in the Condensed Consolidated Balance Sheets.

The following table presents the assets and liabilities held by the consolidated VIE as of April 30, 2026 and October 31, 2025, which are included in the Condensed Consolidated Balance Sheets.

The assets in the table below include those that can be used to settle the obligations of the VIE.

Additionally, general creditors of the Company do not have recourse to the assets of the VIE.

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Assets held by VIE:

7 unchanged sentences

Long-term debt, net of unamortized debt issuance costs $ 861 $ 1,287

For the three months ended January 31, 2026, the Company did not transfer any financing receivables and leased equipment via securitization through the SPE.

For the six months ended April 30, 2026, the Company did not transfer any financing receivables and leased equipment via securitization through the SPE.

For the fiscal year ended October 31, 2025, financing receivables and leased equipment transferred via securitization through the SPE were $ 1.3 billion and $ 0.4 billion, respectively.

2 unchanged sentences

On December 18, 2025, the Company announced an agreement to divest its Telco Solutions business to HCLTech.

Pending Divestiture of H3C Shares

Divestiture of H3C Shares

On November 17, 2025, HPE’s subsidiary, H3C Holdings Limited (“H3C Holdings”), entered into (i) share purchase agreements with five counterparties, including Unisplendour International Technology Limited (“UNIS”), whereby such counterparties, in the aggregate, agreed to purchase 10 % of the total issued share capital of H3C Technologies Co., Limited (“H3C”) for cash consideration of approximately $ 714 million and (ii) a side letter with UNIS, amending the Agreement on Subsequent Arrangements that was previously entered into on May 24, 2024, whereby, among other things, H3C Holdings and UNIS shall retain their put option and call option, respectively, relating to the remaining issued share capital of H3C held by H3C Holdings and have the right to exercise their respective option rights in respect of such shares up to three times, subject to the timing and terms as set forth therein.

1 unchanged sentence

On November 28, 2025, H3C Holdings entered into three additional share purchase agreements, including one with UNIS, whereby such counterparties, in the aggregate, agreed to purchase the remaining 9 % of the total issued share capital of H3C for cash consideration of approximately $ 643 million.

Such transactions and the transactions referenced in clause (i) remain subject to regulatory approvals.

On May 13, 2026, the Company closed on the sale and disposition of 13.8 % of the total issued share capital of H3C for approximately $ 987 million.

On May 28, 2026, the Company closed on the sale of the remaining 5.2 % of the total issued share capital of H3C for approximately $ 370 million.

Acquisition of Juniper Networks

1 unchanged sentence

Under the terms of the Agreement and Plan of Merger (the “Merger Agreement”), HPE agreed to pay $ 40.00 per share of Juniper Networks common stock, issued and outstanding as of July 2, 2025, representing a cash consideration of approximately $ 13.4 billion, which was paid through cash on hand, including proceeds and term loan drawdowns from the financings in fiscal 2024, and commercial paper issuances.

During the first quarter of fiscal 2026, the Company recorded measurement period adjustments resulting in an increase to goodwill of $ 104 million, primarily related to adjustments to deferred tax assets.

Acquisition costs related to the Merger were primarily included within Acquisition, disposition and other charges in the Condensed Consolidated Statements of Earnings.

For the three months ended January 31, 2026 and 2025, acquisition costs were $ 123 million and $ 33 million, respectively.

During the first half of fiscal 2026, the Company recorded measurement period adjustments resulting in an increase to goodwill of $ 111 million, primarily related to adjustments to deferred tax assets.

Table of Content

1 unchanged sentence

Notes to Condensed Consolidated Financial Statements (Continued)

Acquisition costs related to the Merger were primarily included within Acquisition, disposition and other charges in the Condensed Consolidated Statements of Earnings.

For the three and six months ended April 30, 2026, acquisition costs were $ 108 million and $ 231 million, respectively.

For three and six months ended April 30, 2025, acquisition costs were $ 39 million and $ 72 million, respectively.

Goodwill is tested for impairment at the reporting unit level.

2 unchanged sentences

The Corporate Investments and Other segment contains the A & PS, Telco Solutions and Instant On reporting units.

The following table represents the carrying value of goodwill, by segment as of January 31, 2026 and October 31, 2025.

The following table represents the carrying value of goodwill, by segment as of April 30, 2026 and October 31, 2025.

Networking Cloud & AI Corporate Investments and Other Total

4 unchanged sentences

Purchase price and other currency adjustments 104 — — 104

Balance as of January 31, 2026 (1)

Balance as of April 30, 2026 (1)

$ 10,225 $ 13,599 $ 4 $ 23,828

8 unchanged sentences

Based on the results of this hypothetical 10 % decrease, this reporting unit did not have an excess of fair value over carrying value.

The Cloud & AI (excluding Financial Services) reporting unit has goodwill of $ 13.5 billion as of January 31, 2026.

The Cloud & AI (excluding Financial Services) reporting unit has goodwill of $ 13.5 billion as of April 30, 2026.

In the current macroeconomic and inflationary environment, customers are investing selectively.

This has resulted in moderate unit growth and competitive pricing in traditional servers offerings.

While AI servers is growing at a faster pace, because graphics processing units represent a large portion of the solutions, the pricing is very competitive and margins are limited.

This has resulted in moderate unit growth in server offerings offset by expansion of average unit selling prices as a result of higher commodity and input costs.

In addition, the business is managing a storage product model transition to a more cloud-native, software-defined platform with HPE Alletra.

2 unchanged sentences

If the global macroeconomic or geopolitical conditions worsen, projected revenue growth rates or operating margins decline, weighted average cost of capital increases, or if the Company has significant or sustained decline in its stock price, it is possible its estimates about this reporting unit's ability to successfully address the current challenges may change, which could result in the carrying value of the Cloud & AI (excluding Financial Services) reporting unit exceeding its estimated fair value and potential impairment charges.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date.

The Company uses valuation techniques that are based upon observable and unobservable inputs.

Observable inputs are developed using market data such as publicly available information and reflect the assumptions market participants would use, while unobservable inputs are developed using the best information available about the assumptions market participants would use.

Table of Content

1 unchanged sentence

Notes to Condensed Consolidated Financial Statements (Continued)

The Company uses valuation techniques that are based upon observable and unobservable inputs.

The following table presents the Company's assets and liabilities that are measured at fair value on a recurring basis:

As of January 31, 2026 As of October 31, 2025

As of April 30, 2026 As of October 31, 2025

Measured Using Fair Value

28 unchanged sentences

(1) Available-for-sale debt securities with carrying values that approximate fair value.

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

Other Fair Value Disclosures

Short-Term and Long-Term Debt:

As of January 31, 2026, the estimated fair value and carrying value of the Company's short-term and long-term debt was $ 21.7 billion and $ 21.6 billion, respectively.

As of April 30, 2026, the estimated fair value and carrying value of the Company's short-term and long-term debt was $ 21.1 billion and $ 21.2 billion, respectively.

As of October 31, 2025, the estimated fair value and carrying value of the Company's short-term and long-term debt was $ 22.5 billion and $ 22.4 billion, respectively.

3 unchanged sentences

If measured at fair value in the Condensed Consolidated Balance Sheets, these other financial instruments would be classified in Level 2 or Level 3 of the fair value hierarchy.

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

Non-Recurring Fair Value Measurements

1 unchanged sentence

Equity investments are recorded at cost and adjusted for impairments or observable price changes.

For the three months ended January 31, 2026 and 2025, the Company recognized immaterial unrealized gains or losses, and cumulative adjustments as of January 31, 2026 were immaterial .

For the three and six months ended April 30, 2026 and 2025, the Company recognized immaterial unrealized gains or losses.

Cumulative adjustments as of April 30, 2026 were immaterial .

Refer to Note 10, “Financial Instruments” for further information.

3 unchanged sentences

Fair value adjustments are made to these non-financial assets in the period an impairment charge is recognized.

In the second quarter of fiscal 2025, the Company recorded a goodwill impairment charge of $ 1.4 billion associated with the Cloud & AI (excluding Financial Services) reporting unit.

The fair values of the Company's reporting units were classified in Level 3 of the fair value hierarchy due to the significance of unobservable inputs developed using company-specific information.

Table of Content

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

Financial Instruments

1 unchanged sentence

Cash equivalents and available-for-sale debt investments were as follows:

As of January 31, 2026 As of October 31, 2025

As of April 30, 2026 As of October 31, 2025

Cost Gross Unrealized Gains Fair

15 unchanged sentences

Total cash equivalents and available-for-sale investments $ 3,669 $ 4 $ 3,673 $ 3,954 $ 6 $ 3,960

As of January 31, 2026 and October 31, 2025, the carrying amount of cash equivalents approximated fair value due to the short period of time to maturity.

As of April 30, 2026 and October 31, 2025, the carrying amount of cash equivalents approximated fair value due to the short period of time to maturity.

Time deposits were primarily issued by institutions outside the U.S.

as of January 31, 2026 and October 31, 2025.

as of April 30, 2026 and October 31, 2025.

The estimated fair value of the available-for-sale debt investments may not be representative of values that will be realized in the future.

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

Contractual maturities of investments in available-for-sale debt securities were as follows:

As of January 31, 2026

As of April 30, 2026

Amortized Cost Fair Value

3 unchanged sentences

Total $ 151 $ 155

Table of Content

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Continued)

Equity Investments

1 unchanged sentence

These non-marketable equity investments are carried at cost under measurement alternative and adjusted for impairments or observable price changes.

The carrying amount of investments was $ 69 million and $ 61 million as of January 31, 2026 and October 31, 2025, respectively.

For the three months ended January 31, 2026 and 2025, the Company recognized immaterial unrealized gains or losses that are reflected in Interest and other, net in the Condensed Consolidated Statement of Earnings.

The carrying amount of investments was $ 73 million and $ 61 million as of April 30, 2026 and October 31, 2025, respectively.

For the three and six months ended April 30, 2026 and 2025, the Company recognized immaterial unrealized gains or losses that are reflected in Interest and other, net in the Condensed Consolidated Statement of Earnings.

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets

The gross notional and fair value of derivative instruments in the Condensed Consolidated Balance Sheets were as follows:

As of January 31, 2026 As of October 31, 2025

As of April 30, 2026 As of October 31, 2025

Fair Value Fair Value

27 unchanged sentences

Notes to Condensed Consolidated Financial Statements (Continued)

As of January 31, 2026

As of April 30, 2026

In the Condensed Consolidated Balance Sheets

19 unchanged sentences

(2) Represents the collateral posted by the Company in cash or through the re-use of counterparty cash collateral as of the respective reporting date for the Company's liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

As of January 31, 2026, the $ 408 million of collateral posted was entirely in cash.

As of April 30, 2026, of the $ 164 million of collateral posted, $ 158 million was in cash and $ 6 million was through the re-use of counterparty collateral.

As of October 31, 2025, of the $ 136 million of collateral posted, $ 120 million was in cash and $ 16 million was through the re-use of counterparty collateral.

1 unchanged sentence

Carrying Amount of the Hedged Liabilities Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Liabilities

January 31, 2026 October 31, 2025 January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025 April 30, 2026 October 31, 2025

Long-term debt $ ( 1,345 ) $ ( 754 ) $ 3 $ ( 4 )

3 unchanged sentences

The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships recognized in Other Comprehensive Income (“OCI”) were as follows:

(Losses) Gains Recognized in OCI on Derivatives

For the three months ended January 31,

Gains (Losses) Recognized in OCI on Derivatives

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

Derivatives in Cash Flow Hedging Relationship:

3 unchanged sentences

Total $ 18 $ ( 529 ) $ ( 114 ) $ ( 216 )

As of January 31, 2026, the Company expects to reclassify an estimated net accumulated other comprehensive loss of approximately $ 43 million, net of taxes, to earnings in the next twelve months along with the earnings effects of the related forecasted transactions associated with cash flow hedges.

As of April 30, 2026, the Company expects to reclassify an estimated net accumulated other comprehensive gain of approximately $ 15 million, net of taxes, to earnings in the next twelve months along with the earnings effects of the related forecasted transactions associated with cash flow hedges.

Effect of Derivative Instruments on the Condensed Consolidated Statements of Earnings

The following table represents the pre-tax effect of derivative instruments on total amounts of income and expense line items presented in the Condensed Consolidated Statements of Earnings in which the effects of fair value hedges and derivatives not designated as hedging instruments are recorded:

(Losses) Gains Recognized in Income

For the three months ended January 31,

Net Revenue Interest and Other, net Net Revenue Interest and Other, net

Gains (Losses) Recognized in Income

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

Net Revenue Interest and Other, net Net Revenue Interest and Other, net Net Revenue Interest and Other, net Net Revenue Interest and Other, net

Total net revenue and interest and other, net $ 10,678 $ ( 73 ) $ 7,627 $ 39 $ 19,979 $ ( 127 ) $ 15,481 $ 78

(Losses) Gains on Derivatives in Fair Value Hedging Relationships:

Gains (Losses) on Derivatives in Fair Value Hedging Relationships:

Interest Rate Contracts

1 unchanged sentence

Derivatives designated as hedging instruments — ( 8 ) — 15 — ( 7 ) — 30

(Losses) Gains on Derivatives in Cash Flow Hedging Relationships:

Gains (Losses) on Derivatives in Cash Flow Hedging Relationships:

Foreign Exchange Contracts

Amount of (losses) gains reclassified from accumulated other comprehensive income into income ( 10 ) ( 128 ) 44 170

Amount of gains (losses) reclassified from accumulated other comprehensive income into income 6 47 39 ( 283 ) ( 4 ) ( 81 ) 83 ( 113 )

Interest Rate Locks

Amount of losses reclassified from accumulated other comprehensive income into income — — — — — — — ( 1 )

(Losses) Gains on Derivatives not Designated as Hedging Instruments:

Gains (Losses) on Derivatives not Designated as Hedging Instruments:

Foreign exchange contracts — 59 — ( 130 ) — ( 1 ) — ( 76 )

Other derivatives — 8 — — — 8 — 4

Total (losses) gains $ ( 10 ) $ ( 188 ) $ 44 $ 227

Total gains (losses) $ 6 $ 114 $ 39 $ ( 413 ) $ ( 4 ) $ ( 74 ) $ 83 $ ( 186 )

Table of Content

3 unchanged sentences

Notes payable, short-term borrowings, including the current portion of long-term debt, and long-term debt were as follows:

January 31, 2026 October 31, 2025

April 30, 2026 October 31, 2025

Current portion of long-term debt (1)

5 unchanged sentences

Total $ 21,246 $ 22,365

(1) As of January 31, 2026 and October 31, 2025, the Current portion of long-term debt, net of discount and issuance costs, included $ 1.0 billion and $ 1.2 billion respectively, both associated with the asset-backed debt securities issued by the Company.

(1) As of April 30, 2026 and October 31, 2025, the Current portion of long-term debt, net of discount and issuance costs, included $ 0.9 billion and $ 1.2 billion respectively, both associated with the asset-backed debt securities issued by the Company.

Unsecured Senior Notes

In December 2025, the Company repaid the entire $ 400 million of 1.20 % Juniper Global Notes on their original maturity date.

In March 2026, the Company issued (i) $ 300 million of floating rate notes due March 23, 2028, with interest payable quarterly beginning June 23, 2026;

(ii) $ 500 million of 4.5 % Senior Notes due March 23, 2028, with interest payable semi-annually beginning September 23, 2026;

(iii) $ 600 million of 4.6 % Senior Notes due March 23, 2029, with interest payable semi-annually beginning September 23, 2026;

and (iv) $ 600 million of 5.25 % Senior Notes due April 1, 2033, with interest payable semi-annually beginning October 1, 2026.

In April 2026, the Company repaid $ 750 million of 1.75 % Senior Notes on their original maturity date.

Financing arrangements

1 unchanged sentence

There have been no changes to either of these financing arrangements since October 31, 2025.

As of January 31, 2026 and October 31, 2025, no borrowings were outstanding under the Parent Programs, the revolving credit facility, or the uncommitted credit facility.

As of April 30, 2026 and October 31, 2025, no borrowings were outstanding under the Parent Programs, the revolving credit facility, or the uncommitted credit facility.

Outstanding borrowings under the subsidiary’s commercial paper program were $ 637 million and $ 681 million, respectively.

For a detailed description of these programs, refer to Note 14, “Borrowings” in the Consolidated Financial Statements included in Item 8 of Part II of HPE’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025.

Juniper Networks Acquisition Financing

As of January 31, 2026, only the three‑year tranche remains outstanding, with a balance of $ 2 billion.

For more details, refer to Note 14, “Borrowings” in the Consolidated Financial Statements included in Item 8 of Part II of HPE’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025.

In March 2026, the Company prepaid $ 1.25 billion against the outstanding balance under the three-year delayed draw term loan credit facility.

The repayment was made at par, along with accrued interest.

As of April 30, 2026, $ 0.75 billion was outstanding under this facility.

In May 2026, the Company fully repaid this amount at par, along with accrued interest.

Table of Content

2 unchanged sentences

Stockholders' Equity

The components of accumulated other comprehensive loss, net of taxes as of January 31, 2026, and changes for the three months ended January 31, 2026 were as follows:

The components of accumulated other comprehensive loss, net of taxes as of April 30, 2026, and changes for the six months ended April 30, 2026 were as follows:

Net unrealized gains (losses)

6 unchanged sentences

Balance at beginning of period $ 6 $ ( 26 ) $ ( 2,058 ) $ ( 670 ) $ ( 2,748 )

Other comprehensive income (loss) before reclassifications 1 ( 191 ) — — ( 190 )

Other comprehensive loss before reclassifications ( 2 ) ( 65 ) ( 1 ) ( 23 ) ( 91 )

Reclassifications of losses into earnings — 85 51 — 136

Tax benefit (provision) — 11 ( 5 ) ( 2 ) 4

Tax provision — ( 1 ) ( 11 ) ( 2 ) ( 14 )

Balance at end of period $ 4 $ ( 7 ) $ ( 2,019 ) $ ( 695 ) $ ( 2,717 )

The components of accumulated other comprehensive loss, net of taxes as of January 31, 2025, and changes for the three months ended January 31, 2025 were as follows:

The components of accumulated other comprehensive loss, net of taxes as of April 30, 2025, and changes for the six months ended April 30, 2025 were as follows:

Net unrealized

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Balance at beginning of period $ 8 $ ( 16 ) $ ( 2,342 ) $ ( 627 ) $ ( 2,977 )

Other comprehensive (loss) income before reclassifications ( 1 ) 270 — ( 22 ) 247

Reclassifications of (gains) losses into earnings — ( 213 ) 30 — ( 183 )

Tax (provision) benefit — ( 10 ) ( 5 ) 1 ( 14 )

Other comprehensive loss before reclassifications ( 6 ) ( 195 ) ( 20 ) ( 12 ) ( 233 )

Reclassifications of losses into earnings — 31 62 — 93

Tax benefit (provision) — 30 ( 6 ) ( 1 ) 23

Balance at end of period $ 2 $ ( 150 ) $ ( 2,306 ) $ ( 640 ) $ ( 3,094 )

Share Repurchase Program

For the three months ended January 31, 2026, the Company repurchased and settled 6.9 million shares under its share repurchase program through open market repurchases.

Additionally, as of January 31, 2026, the Company had unsettled open market repurchases of 0.2 million shares.

Shares repurchased for the three months ended January 31, 2026 were recorded as a $ 162 million reduction to stockholders’ equity.

As of January 31, 2026, the Company had a remaining authorization of approximately $ 3.4 billion for future share repurchases.

Net Earnings Per Share

The Company calculates basic EPS using net earnings and the weighted-average number of shares outstanding during the reporting period.

For the six months ended April 30, 2026, the Company repurchased and settled 13.5 million shares under its share repurchase program through open market repurchases.

As of April 30, 2026, the Company’s unsettled open market repurchases were immaterial.

Shares repurchased for the six months ended April 30, 2026 were recorded as a $ 313 million reduction to stockholders’ equity.

As of April 30, 2026, the Company had a remaining authorization of approximately $ 3.3 billion for future share repurchases.

Net Earnings (Loss) Per Share

The Company calculates basic EPS using net earnings (loss) and the weighted-average number of shares outstanding during the reporting period.

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The reconciliations of the numerators and denominators of each of the basic and diluted net EPS calculations were as follows:

For the three months ended January 31,

For the three months ended April 30, For the six months ended April 30,

2026 2025 2026 2025

In millions, except per share amounts

Net earnings attributable to common stockholders - Basic $ 423 $ 598

Net earnings (loss) attributable to common stockholders - Basic $ 595 $ ( 1,079 ) $ 1,018 $ ( 481 )

7.625 % Series C mandatory convertible preferred stock dividends

Net earnings - Diluted $ 423 $ 627

Net earnings (loss) - Diluted $ 624 $ ( 1,079 ) $ 1,018 $ ( 481 )

Weighted-average shares used to compute basic net EPS 1,335 1,322 1,335 1,319

Dilutive effect of employee stock plans (1)

Dilutive effect of 7.625 % Series C mandatory convertible preferred stock (1)

Dilutive effect of employee stock plans (1)

Weighted-average shares used to compute diluted net EPS 1,432 1,322 1,356 1,319

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(1) The impact of dilutive effect of employee stock plans is calculated under the treasury stock method, and the impact of dilutive effect of the 7.625 % Series C mandatory convertible preferred stock (“Preferred Stock”) is calculated under the if-converted method.

(2) The Company excludes shares potentially issuable under employee stock plans and Preferred Stock that could dilute basic net EPS in the future from the calculation of diluted net earnings per share, as their effect, if included, would have been anti-dilutive for the periods presented.

(2) The Company excludes shares potentially issuable under employee stock plans and Preferred Stock that could dilute basic net EPS in the future from the calculation of diluted net EPS, as their effect, if included, would have been anti-dilutive for the periods presented.

Litigation, Contingencies, and Commitments

Hewlett Packard Enterprise is involved in various lawsuits, claims, investigations and proceedings including those consisting of intellectual property, commercial, securities, employment, employee benefits, and environmental matters, which arise in the ordinary course of business.

In addition, as part of the Separation and Distribution Agreement (the “Separation and Distribution Agreement”) entered into in connection with Hewlett Packard Enterprise’s spin-off from HP Inc.

(formerly known as “Hewlett-Packard Company”) (the “Separation”), Hewlett Packard Enterprise and HP Inc.

HPE is involved in various lawsuits, claims, investigations and proceedings including those consisting of intellectual property, commercial, securities, employment, employee benefits, and environmental matters, which arise in the ordinary course of business.

In addition, as part of the Separation and Distribution Agreement (the “Separation and Distribution Agreement”) entered into in connection with HPE’s spin-off from HP Inc.

(formerly known as “Hewlett-Packard Company”) (the “Separation”), HPE and HP Inc.

agreed to cooperate with each other in managing certain existing litigation related to both parties' businesses.

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arising prior to the Separation.

Hewlett Packard Enterprise records a liability when it believes that it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated.

HPE records a liability when it believes that it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated.

Significant judgment is required to determine both the probability of having incurred a liability and the estimated amount of the liability.

Hewlett Packard Enterprise reviews these matters at least quarterly and adjusts these liabilities to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other updated information and events pertaining to a particular matter.

HPE reviews these matters at least quarterly and adjusts these liabilities to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other updated information and events pertaining to a particular matter.

Litigation is inherently unpredictable.

However, Hewlett Packard Enterprise believes it has valid defenses with respect to legal matters pending against us.

However, HPE believes it has valid defenses with respect to legal matters pending against us.

Nevertheless, cash flows or results of operations could be materially affected in any particular period by the resolution of one or more of these contingencies.

Hewlett Packard Enterprise believes it has recorded adequate provisions for any such matters and, as of January 31, 2026, it was not reasonably possible

HPE believes it has

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Notes to Condensed Consolidated Financial Statements (Continued)

that a material loss had been incurred in connection with such matters in excess of the amounts recognized in its financial statements.

recorded adequate provisions for any such matters and, as of April 30, 2026, it was not reasonably possible that a material loss had been incurred in connection with such matters in excess of the amounts recognized in its financial statements.

Litigation, Proceedings, and Investigations

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Following a January 8, 2026 hearing, the Court denied the Attorneys General’s motion to hold separate, allowing further integration of the companies to proceed.

The Tunney Act hearing is currently scheduled to begin on March 23, 2026.

The Tunney Act hearing was held on March 23, 2026 to determine whether the Court will approve the settlement between HPE and the DOJ.

The Court has taken the matter under advisement.

The parties are awaiting the Court’s ruling.

India Directorate of Revenue Intelligence Proceedings .

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HP Brazil appealed that decision and, in December 2011, obtained a ruling staying enforcement of ECT’s sanctions until a final ruling on the merits of the case.

In September 2025, the Court of Appeals ruled in favor of HPE’s Civil Appeal, annulling the previously-stayed sanctions that, if enforced, would have barred HPE Brazil from participating in public tenders for five years.

HPE has filed a motion to recover legal costs incurred during the appeal.

ECT has filed a motion requesting the Court to clarify the merits.

In September 2025, the Court of Appeals ruled in favor of HPE’s Civil Appeal, annulling the previously-stayed

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Notes to Condensed Consolidated Financial Statements (Continued)

sanctions that, if enforced, would have barred HPE Brazil from participating in public tenders for five years.

HPE has filed a motion to recover legal costs incurred during the appeal.

ECT has filed a motion requesting the Court to clarify the merits.

Autonomy-Related Legal Proceedings .

In 2015, four Hewlett Packard Enterprise subsidiaries (Autonomy Corporation Limited, Hewlett Packard Vision BV, Autonomy Systems Limited, and Autonomy, Inc., hereinafter the “Claimants”) initiated civil proceedings in the U.K.

In 2015, four HPE subsidiaries (Autonomy Corporation Limited, Hewlett Packard Vision BV, Autonomy Systems Limited, and Autonomy, Inc., hereinafter the “Claimants”) initiated civil proceedings in the U.K.

High Court of Justice against two members of Autonomy’s former management, Michael Lynch and Sushovan Hussain, for breach of their fiduciary duties in causing Autonomy group companies to engage in improper transactions and accounting practices before and in connection with the 2011 acquisition of Autonomy.

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The court held a hearing during the week of November 17, 2025, addressing a number of matters including costs (including attorneys’ fees), pre-judgment interest, issues relating to the currency in which the judgment should be paid, and the Lynch Estate’s right to appeal discrete issues in the Court’s May 2022 liability judgment and its July 2025 quantum judgment.

In total, Claimants are seeking a total of $ 1.786 billion from Lynch’s Estate.

Pursuant to the terms of the 2015 Separation and Distribution Agreement, HP and Hewlett Packard Enterprise will share equally in any recovery.

On March 24, 2026, the U.K.

High Court entered a ruling that provides a total judgment against the Lynch Estate of approximately $ 1.24 billion when adding interest and currency effects.

The judgment amount reflects an approximately $ 145 million offset for amounts previously recovered by HPE and does not include attorneys’ fees, which will be determined at a later time.

High Court also rejected the Estate’s request for permission to appeal the liability and damages judgments.

On April 14, 2026, the Lynch Estate filed a request with the Court of Appeal for permission to appeal the liability and damages judgments.

A ruling is expected in 2026.

Pursuant to the terms of the 2015 Separation and Distribution Agreement, HP and HPE will share equally in any recovery.

Shared Litigation with HP Inc., DXC Technology Company and Micro Focus International plc.

As part of the Separation and Distribution Agreements between Hewlett Packard Enterprise and HP Inc., Hewlett Packard Enterprise and DXC, and Hewlett Packard Enterprise and Seattle SpinCo, the parties to each agreement agreed to cooperate with each other in managing certain existing litigation related to both parties’ businesses.

As part of the Separation and Distribution Agreements between HPE and HP Inc., HPE and DXC, and HPE and Seattle SpinCo, the parties to each agreement agreed to cooperate with each other in managing certain existing litigation related to both parties’ businesses.

The Separation and Distribution Agreements also included provisions that assign to the parties responsibility for managing pending and future litigation related to the general corporate matters of HP Inc.

(in the case of the separation of Hewlett Packard Enterprise from HP Inc.) or of Hewlett Packard Enterprise (in the case of the separation of DXC from Hewlett Packard Enterprise and the separation of Micro Focus from Hewlett Packard Enterprise), in each case arising prior to the applicable separation.

(in the case of the separation of HPE from HP Inc.) or of HPE (in the case of the separation of DXC from HPE and the separation of Micro Focus from HPE), in each case arising prior to the applicable separation.

Environmental

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The Company is also contractually obligated to make financial contributions to address actions related to certain environmental liabilities, both ongoing and arising in the future, pursuant to its Separation and Distribution Agreement with HP Inc.

Unconditional Purchase Obligations

As of January 31, 2026, the Company had unconditional purchase obligations of approximately $ 3.8 billion.

These unconditional purchase obligations include agreements to purchase goods or services that are enforceable and legally binding on the Company and that specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions and the approximate timing of the transaction, as well as settlements that the Company has reached

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Notes to Condensed Consolidated Financial Statements (Continued)

with third parties, requiring it to pay determined amounts over a specified period of time.

Unconditional Purchase Obligations

As of April 30, 2026, the Company had unconditional purchase obligations of approximately $ 5.7 billion.

These unconditional purchase obligations are related principally to inventory purchases, software maintenance and support services and other items.

Unconditional purchase obligations exclude agreements that are cancellable without penalty.

The Company expects the commitments to total $ 1,834 million, $ 854 million, $ 496 million, $ 401 million, $ 163 million, and $ 96 million for fiscal years 2026, 2027, 2028, 2029, 2030, and thereafter, respectively.

The Company expects the commitments to total $ 3.4 billion, $ 1.1 billion, $ 568 million, $ 426 million, $ 187 million, and $ 96 million for fiscal years 2026, 2027, 2028, 2029, 2030, and thereafter, respectively.

In the ordinary course of business, the Company may issue performance guarantees to certain of its clients, customers, and other parties pursuant to which the Company has guaranteed the performance obligations of third parties.

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The Company believes the likelihood of having to acquire a material amount of assets under these arrangements is remote.

The maximum potential future payments under performance guarantees and financing arrangements was $ 352 million as of January 31, 2026.

The maximum potential future payments under performance guarantees and financing arrangements was $ 353 million as of April 30, 2026.

Indemnifications

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Historically, payments made related to these indemnifications have been immaterial.

Subsequent Events

On February 20, 2026, the United States Supreme Court issued a ruling striking down certain tariffs previously imposed under the International Emergency Economic Powers Act (“IEEPA”).

The ultimate availability, timing, and amount of any potential refunds of such tariffs remain highly uncertain and are subject to further legal, regulatory, and administrative developments.

Following the Supreme Court’s decision, the U.S.

presidential administration announced its intention to invoke other laws to collect tariffs and announced new tariffs on imports from all countries, in addition to any existing non-IEEPA tariffs.

There remains substantial uncertainty regarding the duration of existing and newly announced tariffs, potential changes or pauses to such tariffs, tariff levels, and whether further additional tariffs or other retaliatory actions may be imposed, modified, or suspended, and the impacts of such actions on the Company’s business.

The Company continues to monitor and evaluate these developments and assess their potential impact on its business, financial condition, and results of operations.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements