NYSE$HPE

Hewlett Packard Enterprise Co · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Hewlett Packard Enterprise reported Q2 2025 total net revenue of $7.63B with a GAAP net loss of $1.05B and diluted EPS of $(0.82).

Total net revenue was $7.63 billion, but GAAP results included a $1.36 billion goodwill impairment that drove a net loss of $1.05 billion ($0.82 per diluted share). Excluding impairment and transformation items, investors focus on server, hybrid cloud, and AI infrastructure demand.

  • Q2 total net revenue $7.63B.
  • GAAP net loss $1.05B on goodwill impairment.
  • Server and hybrid cloud segments support underlying demand.
  • Transformation costs and margin mix affect adjusted profitability.

Headline financials

Total Revenue

$7.63B

Previous: $7.2B+5.9%
EPS (adj)

-$0.82

Previous: $0.24-441.7%
Gross Margin

28.4%

Previous: 33.0%-13.9%
Non-GAAP Gross Margin

29.4%

Previous: 33.1%-11.2%
Free Cash Flow

-$847M

Previous: $610M-238.9%
Net Income

-$1.05B

Previous: $314M-434.4%
Operating Income

-$1.11B

Previous: $425M-360.9%
Gross Profit

$7.49B

Previous: $7.06B+6.0%
Cash & Equivalents

$11.7B

Previous: $2.68B+336.0%
Total Assets

$67.9B

Previous: $59.7B+13.6%

Revenue & EPS history

Hewlett Packard Enterprise · Revenue · Quarterly

$7.63B

Q2 2025+5.9%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Hewlett Packard Enterprise · $126M total across 1 segment · Q4 2020

  • Corporate Investments
    $126M

Forward guidance

Technology infrastructure suppliers highlight AI/cloud demand, backlog, and margin mix.

Tailwinds

  • AI networking and storage upgrade cycles.
  • Design wins and backlog conversion.

Headwinds

  • Customer concentration and component costs.
  • One-time impairments or transformation charges.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.5%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+1.0%

Avg return

30 days after

48%

23 / 48 earnings

Positive

+11.6%

Q1 2018

Best reaction

-13.3%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-13.3%-23.0%
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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