NYSE$HPE
Hewlett Packard Enterprise Co · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
HPE reported solid results in Q2 2024, exceeding revenue and non-GAAP EPS guidance with AI systems revenue doubling sequentially.
Hewlett Packard Enterprise (HPE) announced its financial results for the second quarter ended April 30, 2024, with revenue at $7.2 billion, up 3% year-over-year. The company exceeded revenue and non-GAAP EPS guidance, driven by strong AI systems order conversion and prudent cost discipline. Due to robust AI systems order momentum and disciplined execution across the portfolio, HPE is raising its revenue and non-GAAP EPS guidance for the full year.
- Revenue was $7.2 billion, up 3% year-over-year.
- ARR was $1.5 billion, up 37% year-over-year.
- GAAP EPS was $0.24, and non-GAAP EPS was $0.42, above the guidance range.
- Free cash flow was $610 million, an increase of $322 million year-over-year.
Headline financials
Revenue & EPS history
Hewlett Packard Enterprise · Revenue · Quarterly
$7.2B
Revenue by segment
Hewlett Packard Enterprise · $126M total across 1 segment · Q4 2020
- Corporate Investments$126M—100.0%
Forward guidance
HPE estimates revenue to be in the range of $7.4 billion to $7.8 billion for the third quarter of fiscal 2024. HPE estimates GAAP diluted net EPS to be in the range of $0.29 to $0.34 and non-GAAP diluted net EPS to be in the range of $0.43 to $0.48.
Tailwinds
- Revenue to be in the range of $7.4 billion to $7.8 billion.
- GAAP diluted net EPS to be in the range of $0.29 to $0.34.
- Non-GAAP diluted net EPS to be in the range of $0.43 to $0.48.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.0%
Avg return
30 days after
49%
23 / 47 earnings
Positive
+11.6%
Q1 2018
Best reaction
-12.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.2% | -1.1% | +13.8% | |
| Q4 2025 | +10.2% | +10.3% | +5.5% | |
| Q3 2025 | +1.4% | +4.6% | +7.1% | |
| Q2 2025 | +0.7% | +3.5% | +20.6% | |
| Q1 2025 | -12.0% | -16.0% | -28.8% | |
| Q4 2024 | +10.1% | +0.7% | +0.3% | |
| Q3 2024 | -7.5% | -7.7% | +8.2% | |
| Q2 2024 | +8.5% | +11.6% | +15.2% | |
| Q1 2024 | +4.7% | +21.8% | +19.3% | |
| Q4 2023 | +5.9% | +8.3% | +10.1% | |
| Q3 2023 | +3.4% | +7.1% | +5.0% | |
| Q2 2023 | -6.0% | -0.7% | +8.5% | |
| Q1 2023 | -1.7% | -3.4% | +2.5% | |
| Q4 2022 | +7.9% | +7.3% | +2.4% | |
| Q3 2022 | -0.9% | -3.5% | -11.7% | |
| Q2 2022 | -4.1% | -2.4% | -16.9% | |
| Q1 2022 | +6.7% | +3.1% | +5.0% | |
| Q4 2021 | -2.7% | +3.8% | +8.8% | |
| Q3 2021 | +0.9% | -2.1% | -4.7% | |
| Q2 2021 | +0.7% | +1.6% | -7.9% | |
| Q1 2021 | -0.3% | -1.4% | +7.5% | |
| Q4 2020 | +4.3% | +11.8% | +7.3% | |
| Q3 2020 | +0.5% | +2.2% | -5.1% | |
| Q2 2020 | -10.8% | -8.4% | -4.5% | |
| Q1 2020 | -4.9% | -7.0% | -27.2% | |
| Q4 2019 | -6.7% | -7.5% | -7.0% | |
| Q3 2019 | +3.3% | +6.8% | +13.1% | |
| Q2 2019 | -2.2% | -3.7% | +1.6% | |
| Q1 2019 | +1.7% | +4.7% | -4.7% | |
| Q4 2018 | +3.4% | -5.1% | -15.0% | |
| Q3 2018 | +1.6% | +0.5% | -1.0% | |
| Q2 2018 | -11.0% | -11.4% | -11.9% | |
| Q1 2018 | +11.6% | +15.8% | +8.5% | |
| Q4 2017 | -7.0% | -5.5% | +4.5% | |
| Q3 2017 | -3.8% | -8.3% | +3.6% | |
| Q2 2017 | -7.0% | -9.0% | -12.0% | |
| Q1 2017 | -7.4% | -7.9% | -8.1% | |
| Q4 2016 | +1.9% | +0.4% | +2.8% | |
| Q3 2015 | -5.3% | -4.2% | +1.1% | |
| Q3 2016 | -2.2% | -2.6% | +2.2% | |
| Q2 2016 | +7.9% | +13.6% | +22.3% | |
| Q1 2015 | +5.4% | — | — | |
| Q1 2016 | +11.0% | — | — | |
| Q4 2015 | -3.6% | — | — | |
| Q4 2014 | -3.6% | — | — | |
| Q4 2013 | -3.6% | — | — | |
| Q2 2015 | -3.6% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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