Hewlett Packard Enterprise is an enterprise IT infrastructure company that sells servers, networking equipment, and hybrid cloud infrastructure to enterprises, governments, and service providers globally. HPE sells through a mix of direct sales and a broad channel of resellers, distributors, and systems integrators, with roughly 61% of revenue coming from outside the U.S. HPE reports through three segments: Networking, Cloud & AI, and Corporate Investments. The Networking segment — reshaped by the $14B acquisition of Juniper Networks — sells Wi-Fi access points, campus and data center switches, routers, and security products, alongside cloud-managed networking software such as Aruba Central and Juniper Mist. Despite being ~20% of revenue, Networking commands the highest operating margins and management expects it to represent over 50% of total operating profit in FY26. The Cloud & AI segment is the largest by revenue, spanning traditional ProLiant servers, AI servers built around NVIDIA GPUs, the GreenLake hybrid cloud platform (a pay-per-use private cloud service), and the Alletra MP storage portfolio. HPE's captive financing arm rounds out the business. HPE's strategy focuses on three areas: integrating Juniper to build a full-stack networking business, growing GreenLake ARR and recurring software revenue, and targeting sovereign and enterprise customers for AI infrastructure rather than competing on price for hyperscale GPU cluster orders.