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Hardware operating metrics

Hardware operating metrics: cross-company comparison


Oxford Ledge compares 4 companies on 3 operating metrics extracted from their own SEC earnings exhibits. Reporting periods represented: Q1 2026, Q2 2026.

4
Companies
3
Operating Metrics

Hardware operating metrics — Systems

How we read this →

Reporting periods represented: Q1 2026, Q2 2026.

CompanyDELLDell Technologies Inc.HPEHewlett Packard Enterprise CoHPQHP Inc.
Price$48.19$26.55
Enterprise value$76.8B$30.3B
Market cap$63.8B$24.3B
LTM revenue$101.5B$38.8B$57.4B
LTM net income$4.8B$1.6B$2.6B
Reported periodQ1 2026Q2 2026Q2 2026
RPO deferred revenue$13.19B$5.62B
Segment revenue$43.84B$10.68B$14.41B

Context columns: share price and market value are from the latest recorded exchange data; LTM figures sum the issuer's last four quarterly filings and render blank unless all four quarters are on file; enterprise value = market value + total debt − cash from the latest quarterly balance sheet. These columns are sized context, not part of the SEC-exhibit extraction the table below is built from.

Metric coverage

  • RPO: 2 of 3 companies report this on the canonical basis.
  • Segment revenue: 3 of 3 companies report this on the canonical basis.

Oxford Ledge Signal -- extracted from the issuer's own SEC earnings exhibit and normalized by Oxford Ledge. As reported by the issuer per regulatory convention, not re-audited by us; a figure our extractor could not verify is withheld, never shown. A metric is compared only across companies reporting it on the SAME basis and scope; a blank cell is an honest coverage gap, never a zero, and companies may report different quarters (see the period range). Source: each issuer’s own SEC EDGAR earnings exhibit.

Hardware operating metrics — Networking

How we read this →

Every figure below is for Q1 2026.

CompanyANETArista Networks, Inc.
Price$170.76
Enterprise value
Market cap
LTM revenue$9.7B
LTM net income$3.7B
Reported periodQ1 2026
RPO deferred revenue$4.91B
Gross margin non-GAAP, no reconciliation62.4%
Segment revenue$2.71B

Context columns: share price and market value are from the latest recorded exchange data; LTM figures sum the issuer's last four quarterly filings and render blank unless all four quarters are on file; enterprise value = market value + total debt − cash from the latest quarterly balance sheet. These columns are sized context, not part of the SEC-exhibit extraction the table below is built from.

Metric coverage

  • RPO: 1 of 1 companies report this on the canonical basis.
  • Gross margin: 1 of 1 companies report this on the canonical basis.
  • Segment revenue: 1 of 1 companies report this on the canonical basis.

Oxford Ledge Signal -- extracted from the issuer's own SEC earnings exhibit and normalized by Oxford Ledge. As reported by the issuer per regulatory convention, not re-audited by us; a figure our extractor could not verify is withheld, never shown. A metric is compared only across companies reporting it on the SAME basis and scope; a blank cell is an honest coverage gap, never a zero, and companies may report different quarters (see the period range). Source: each issuer’s own SEC EDGAR earnings exhibit.

Compare these figures in Oxford Ledge

Open the interactive comparison in Oxford Ledge to switch reporting periods and read each figure in context.

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