NYSE$HPE
Hewlett Packard Enterprise Co · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Hewlett Packard Enterprise reported Q4 2023 results, closing an impressive fiscal year and announcing a dividend increase for fiscal year 2024.
Hewlett Packard Enterprise (HPE) reported Q4 2023 financial results, with revenue of $7.4 billion and GAAP diluted net EPS of $0.49. The company delivered strong performance in Intelligent Edge and HPC & AI segments, while Compute and Storage revenues declined. HPE is raising the dividend in FY 2024, reflecting confidence in the company's ability to deliver substantial returns to shareholders.
- HPE's Q4 revenue was $7.4 billion, a 7% decrease year-over-year.
- GAAP diluted net EPS was $0.49, a 313% increase year-over-year.
- Intelligent Edge revenue increased by 41% year-over-year, while HPC & AI revenue increased by 37%.
- The company delivered record performance against key financial metrics this year.
Headline financials
Revenue & EPS history
Hewlett Packard Enterprise · Revenue · Quarterly
$7.35B
Revenue by segment
Hewlett Packard Enterprise · $126M total across 1 segment · Q4 2020
- Corporate Investments$126M—100.0%
Forward guidance
HPE estimates Q1 2024 revenue to be in the range of $6.9 billion to $7.3 billion and reiterates fiscal 2024 revenue growth to be in the range of 2% to 4% in constant currency.
Tailwinds
- Estimates first quarter fiscal 2024 revenue to be in the range of $6.9 billion to $7.3 billion
- Reiterates fiscal 2024 revenue growth to be in the range of 2% to 4% in constant currency
- Estimates fiscal 2024 GAAP operating profit growth to be in the range of 15% to 21%
- Estimates fiscal 2024 non-GAAP operating profit growth to be in the range of 3% to 5%
- Reiterates guidance to be in the range of $1.9 billion to $2.1 billion
Headwinds
- Estimates first quarter fiscal 2024 GAAP diluted net EPS to be in the range of $0.24 to $0.32
- Estimates first quarter fiscal 2024 non-GAAP diluted net EPS to be in the range of $0.42 to $0.50.
- Estimates fiscal 2024 GAAP diluted net EPS to be in the range of $1.81 to $2.01
- Reiterates non-GAAP diluted net EPS to be in the range of $1.82 to $2.02
- Returning approximately 65% - 75% of free cash flow to shareholders in dividends and share repurchases
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 Q4 2023
-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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