Hewlett Packard Enterprise reported $10.9B of remaining performance obligations at 31 Jul 2026, up 8% from a year earlier and up 1% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.
Net new backlog added in the latest quarter: $100M.
Over the last twelve months it turned about 400% of its opening backlog into revenue (12-month conversion).
The company reports 26% of the backlog due within the first 3 months.
Customer prepayments (contract liabilities) cover 51.0% of the backlog.
Twelve-month book-to-bill: 1.02, i.e. 1.02 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -19 points — revenue is catching up with orders.
By backlog size it ranks 70th among US filers the cockpit tracks.
Hewlett Packard Enterprise backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
31 Jul 2026
$10.9B
$41.9B
0.3 yrs
$5.56B
30 Apr 2026
$10.8B
$38.8B
0.3 yrs
$5.62B
31 Jan 2026
$10.6B
$35.7B
0.3 yrs
$5.48B
31 Oct 2025
$10.3B
$34.3B
0.3 yrs
$10.3B
31 Jul 2025
$10.1B
$33.1B
0.3 yrs
$5.31B
30 Apr 2025
$7.80B
$31.6B
0.2 yrs
$4.17B
31 Jan 2025
$7.50B
$31.2B
0.2 yrs
$3.90B
31 Oct 2024
$7.50B
$30.1B
0.2 yrs
$7.48B
31 Jul 2024
$7.30B
$29.0B
0.3 yrs
$3.80B
31 Jan 2024
$7.10B
$28.1B
0.3 yrs
$3.72B
31 Jul 2023
$6.80B
$29.7B
0.2 yrs
$3.65B
30 Apr 2023
$6.70B
$29.6B
0.2 yrs
$3.62B
Questions
What is Hewlett Packard Enterprise's backlog?
Hewlett Packard Enterprise reported $10.9B of remaining performance obligations at 31 Jul 2026, up 8% from a year earlier and up 1% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.
How fast does Hewlett Packard Enterprise's backlog turn into revenue?
Over the last twelve months Hewlett Packard Enterprise recognised revenue equal to about 400% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.