NYSE$HPE

Hewlett Packard Enterprise Co · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Hewlett Packard Enterprise posted strong Q3 results with record revenue and sequential profit growth.

Hewlett Packard Enterprise delivered record revenue of $9.1 billion in Q3 2025, bolstered by the Juniper Networks acquisition and robust performance in its Server and Networking segments. Net income was $305 million with non-GAAP EPS of $0.44.

  • Record revenue of $9.1 billion, driven by strong performance across all major segments.
  • Acquisition of Juniper Networks completed and contributed to results.
  • Server and Networking segments were the largest revenue contributors.
  • Sequential improvement in operating profit and free cash flow.

Headline financials

Total Revenue

$9.14B

Previous: $7.71B+18.5%
EPS

$0.21

Previous: $0.38-44.7%
Gross Margin

29.2%

Previous: 31.6%-7.6%
Non-GAAP Gross Margin

29.9%

Previous: 31.8%-6.0%
Free Cash Flow

$790M

Previous: $669M+18.1%
Net Income

$305M

Previous: $512M-40.4%
Operating Income

$247M

Previous: $547M-54.8%
Gross Profit

$8.96B

Previous: $7.55B+18.6%
Cash & Equivalents

$4.57B

Previous: $3.64B+25.5%
Total Assets

$77.3B

Previous: $60.9B+27.1%

Revenue & EPS history

Hewlett Packard Enterprise · Revenue · Quarterly

$9.14B

Q3 2025+18.5%vs Q3 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

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

  • Corporate Investments
    $126M

Forward guidance

HPE expects continued momentum in Q4 with revenue projected between $9.7B and $10.1B, and strong EPS guidance.

Tailwinds

  • Q4 non-GAAP EPS expected between $0.56 and $0.60.
  • GAAP diluted EPS guidance for Q4 between $0.50 and $0.54.
  • Revenue forecast of $9.7B to $10.1B for Q4.
  • FY25 non-GAAP EPS expected between $1.88 and $1.92.
  • Juniper acquisition expected to drive future profit accretion and synergies.

Headwinds

  • GAAP operating profit for FY25 projected to decline by over 100%.
  • Juniper integration-related costs impacting GAAP results.
  • Stock-based compensation and restructuring expected to continue.
  • Impairment of goodwill recorded in Q2 continues to weigh on full-year GAAP figures.
  • Higher operating expenses anticipated due to acquisition and integration efforts.

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 Q3 2025

Historical avgQ3 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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