HPE’s biggest customers
Who are HPE’s biggest customers?
Customer One: 10% of FY2025 revenue
The filing does not name this customer. Hollsteen never guesses names.
“The Company had one distributor which represented approximately 10% of the Company's total net revenue in fiscal 2025, primarily within the Server and Networking segments.”
HPE 10-K, verbatim · 10-K · filed Dec 18, 2025
Numbers, method and sources
Share of revenue per customer as tagged in the filing’s XBRL (ConcentrationRiskPercentage, benchmark revenue). US GAAP requires disclosure only for customers with at least 10% of revenue; a year without a customer means below 10% or not disclosed. Labels like “Customer A” are the filer’s own; the same label is not guaranteed to be the same customer every year.
FY2025
- Customer One (not named in filing) 10%
FY2024
- Customer One (not named in filing) 14%
- Customer Two (not named in filing) 11%
FY2023
- Customer One (not named in filing) 11%
FY2022
No customer ≥ 10% of revenue disclosed.
FY2021
No customer ≥ 10% of revenue disclosed.
FY2020
No customer ≥ 10% of revenue disclosed.
“The classes of similar product categories within each segment which accounted for more than 10% of our consolidated net revenue in each of the past three years were as follows: • Fiscal 2025 - Server products, Networking products • Fiscal 2024 - Server products, Server services, Networking products, Hybrid Cloud products • Fiscal 2023 - Server products, Networking products, Server services, Hybrid Cloud products The Company had one distributor which represented approximately 10% of the Company's total net revenue in fiscal 2025, primarily within the Server and Networking segments.”
“The Company had one customer, which is a distributor, that represented 11% of the Company's total net revenue in fiscal 2023, primarily within the Networking and Server segments.”
SEC filings only. No market data.
Is HPE getting more dependent on one customer?
Largest disclosed customer, by fiscal year
All HPE facts from SEC filings · Customer concentration of all companies