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HPE Expands D&H Distribution and QuEra Quantum Partnership
D&H Distributing announced in September 2026 that it extended its U.S. distribution partnership with Hewlett Packard Enterprise, adding the full HPE Networking portfolio including HPE Juniper Networking routers and switches. Separately, QuEra Computing revealed a collaboration with HPE to integrate neutral-atom, fault-tolerant quantum systems with HPE Cray supercomputers for on-premise hybrid quantum-classical workloads. Together, the two agreements deepen HPE's reach into the channel and high-performance computing ecosystems, potentially strengthening its positioning in networking, cloud, AI, and emerging quantum-enabled workflows for enterprise and research customers. The D&H extension is seen as the more relevant near-term catalyst, broadening access to the HPE Networking and HPE Juniper portfolios for U.S. channel partners, though competitive and pricing risks in networking remain. HPE's narrative projects $55.8 billion revenue and $4.8 billion earnings by 2029, requiring 12.9% yearly revenue growth and a $3.4 billion earnings increase from $1.4 billion today, with a $65.56 fair value implying 3% upside.
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Infleqtion and Cisco Launch Joint R&D to Link Quantum Systems Into Networks
Infleqtion announced a joint research and development collaboration with Cisco Systems on September 10, 2026, to connect, operate, and scale quantum systems into distributed networks. The effort pairs Infleqtion's neutral-atom quantum processors and sensors with Cisco's quantum networking stack, aiming to move standalone quantum hardware into scalable, interconnected networks; Infleqtion Chief Technology Officer Pranav Gokhale compared the shift to how the internet emerged from linked classical computers. Infleqtion brings record Q2 2026 revenue of $12.6 million, trailing 12-month revenue of $42.44 million, an updated 2026 revenue outlook of roughly $43 million, a $100 million Department of Commerce grant and a roughly four-year funding runway, but it also posted a $24.7 million operating loss in Q2 2026 against $13.5 million in revenue, and the collaboration remains an early-stage joint R&D effort that generates no immediate commercial software or hardware sales. Cisco gains an early foothold in next-generation quantum networks that expands its long-term addressable market, though it must weigh that against a more leveraged balance sheet, margin pressure from a higher hardware mix and rising memory costs. Infleqtion's path to material revenue depends on unproven milestones including 30 logical qubits in 2026 and field tests in 2027, alongside its 2027 fault-tolerant Illinois system.
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HPE to Integrate QuEra Quantum Systems With Cray Supercomputers
Hewlett Packard Enterprise said it will integrate QuEra Computing's fault-tolerant quantum systems with its Cray supercomputers for on premises high performance computing environments. The collaboration targets national labs, enterprises and high performance computing centers that want quantum and classical workloads running on a single infrastructure. QuEra's quantum technology is being positioned for scientific and energy research tasks that run alongside traditional Cray supercomputing jobs inside existing data centers. The move fits HPE's wider push to serve complex on premises workloads for governments and large enterprises, reinforcing its role as a full stack provider rather than just a server vendor. The real test will come from the first disclosed integrated testbeds or customer deployments where QuEra systems sit alongside HPE Cray supercomputers, especially at national labs or major HPC centers, along with any concrete timelines or contract details.