HPE delivered solid results with revenue and earnings exceeding guidance, driven by strong performances in AI, hybrid cloud, and GreenLake services. However, challenges remain in the server segment and cash flow management, alongside a significant goodwill impairment charge. The company is optimistic about future growth and operational improvements.

Company Guidance -

Q3 2025

During the Fiscal 2025 Second Quarter Hewlett Packard Enterprise Earnings Conference Call, the company reported a Q2 revenue of $7.6 billion, reflecting a 7% year-over-year increase, surpassing the high end of their guidance. Non-GAAP diluted net earnings per share reached $0.38, also above the high end of guidance. HPE's hybrid cloud segment saw double-digit growth for the third consecutive quarter, with strong performance in the HPE Alletra MP storage transition and HPE GreenLake cloud services. The company ended Q2 with a $3.2 billion AI systems backlog, signing $1.1 billion in net new orders, converting over $1 billion into revenue. HPE's annualized revenue run rate increased by 47% year-over-year to $2.2 billion, supported by AI and Intelligent Edge growth. The company plans to raise the low end of its non-GAAP diluted net earnings per share range by $0.08, projecting a 7% to 9% year-over-year revenue increase. Additionally, HPE is focused on executing corrective pricing actions in its server segment and expects server operating margins to recover to approximately 10% by the end of Q4.

Revenue and Earnings Exceed Guidance

HPE's Q2 revenue was $7.6 billion, up 7% year-over-year, and non-GAAP diluted net earnings per share were $0.38, both above the high end of guidance.

Strong AI and Hybrid Cloud Performance

AI systems revenue increased, with $1.1 billion in net new orders and $1 billion converted into revenue. Hybrid cloud revenue grew 15% year-over-year, with Alletra MP platform showing triple-digit growth.

GreenLake and Intelligent Edge Growth

GreenLake's annualized revenue run rate increased 47% year-over-year to $2.2 billion. Intelligent Edge revenue grew 8% year-over-year, marking a return to growth after five quarters.

Cost Reduction and Operational Improvements

HPE made significant progress in its cost reduction program, leading to improved margins and operational efficiency with a workforce reduction of 5% expected by year-end.

Positive Developments in Networking

Networking orders grew high single digits year-over-year, driven by Wi-Fi 7 demand and enhanced capabilities in HPE Aruba Central.

Hewlett Packard Enterprise (HPE) Earnings, Revenues Date & History

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HPE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 02, 2025	2025 (Q3)	0.42 / -	0.5	―	―	―
Jun 04, 2025	2025 (Q2)	0.35 / 0.38	0.42	-9.52% (-0.04)
Mar 06, 2025	2025 (Q1)	0.50 / 0.49	0.48	2.08% (+0.01)
Dec 05, 2024	2024 (Q4)	0.56 / 0.58	0.52	11.54% (+0.06)
Sep 04, 2024	2024 (Q3)	0.47 / 0.50	0.49	2.04% (+0.01)
Jun 04, 2024	2024 (Q2)	0.39 / 0.42	0.52	-19.23% (-0.10)
Feb 29, 2024	2024 (Q1)	0.46 / 0.48	0.63	-23.81% (-0.15)
Nov 28, 2023	2023 (Q4)	0.50 / 0.52	0.57	-8.77% (-0.05)
Aug 29, 2023	2023 (Q3)	0.47 / 0.49	0.48	2.08% (+0.01)
May 30, 2023	2023 (Q2)	0.48 / 0.52	0.44	18.18% (+0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HPE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 04, 2025	$17.71	$17.63	-0.45%
Mar 06, 2025	$17.69	$15.57	-11.98%
Dec 05, 2024	$21.19	$23.44	+10.62%
Sep 04, 2024	$18.24	$17.14	-6.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.