| Stage | HPE | % of rev | SMCI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $12.2B | 100.00% | $19.9B | 100.00% | SMCI ×1.63 |
| Gross profit | $4.9B | 40.11% | $2.5B | 12.74% | HPE +27.4pp |
| Operating income | $1.4B | 11.41% | $2.1B | 10.35% | HPE +1.1pp |
| Pre-tax income | $1.8B | 14.43% | $2.0B | 10.18% | HPE +4.2pp |
| Net income | $1.5B | 12.61% | $1.6B | 7.99% | HPE +4.6pp |
| Stage | HPE | SMCI | Gap · A − B |
|---|---|---|---|
| Revenue | $12.2B100.00% | $19.9B100.00% | SMCI ×1.63 |
| Gross profit | 40.11%$4.9B | 12.74%$2.5B | HPE +27.4pp |
| Operating income | 11.41%$1.4B | 10.35%$2.1B | HPE +1.1pp |
| Pre-tax income | 14.43%$1.8B | 10.18%$2.0B | HPE +4.2pp |
| Net income |
| 12.61%$1.5B |
| 7.99%$1.6B |
| HPE +4.6pp |
HPE · NTNX 10-KSep 24 '25
“HPE also delivers our software with HPE DX servers as a service through the HPE GreenLake offering.”
SMCI · NTNX 10-KSep 18 '26
“The Nutanix-branded NX series hardware platforms are manufactured by Super Micro Computer, Inc. ("Supermicro").”
HPE · INGM 10-KMar 3 '26
“For example, in January 2024, HPE, one of our longstanding vendor partners, announced its intention to acquire Juniper Networks, another one of our longstanding vendor partners.”
SMCI · INGM 10-KMar 3 '26
“Our vendors include many of the largest tech companies, including Advanced Micro Devices, Apple, Amazon Web Services (AWS), Cisco, Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lenovo, Microsoft, NVIDIA and Super Micro Computer.”