NYSE$HPE

Hewlett Packard Enterprise Co · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Hewlett Packard Enterprise reported strong Q4 results with record revenue and gross profit, boosted by its AI and cloud business momentum.

HPE delivered $9.7B in revenue and $146M in net income for Q4 2025, achieving record quarterly revenue and gross profit. The company saw robust contributions from its networking and financial services segments, and adjusted EPS surpassed expectations.

Headline financials

Total Revenue

$9.68B

Previous: $8.46B+14.4%
EPS (adj)

$0.62

Previous: $0.58+6.9%
Gross Margin

33.5%

Previous: 30.8%+8.8%
Non-GAAP Gross Margin

36.4%

Previous: 30.9%+17.8%
Free Cash Flow

$1.92B

Previous: $1.5B+28.0%
Net Income

$146M

Previous: $1.37B-89.3%
Operating Income

-$8M

Previous: $693M-101.2%
Gross Profit

$3.24B

Previous: $2.61B+24.4%

Revenue & EPS history

Hewlett Packard Enterprise · Revenue · Quarterly

$9.68B

Q4 2025+14.4%vs Q4 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 raised FY26 guidance, projecting higher EPS and cash flow, supported by disciplined cost management and portfolio momentum.

Tailwinds

  • Raised FY26 GAAP EPS guidance to $0.62–$0.82
  • Raised FY26 non-GAAP EPS guidance to $2.25–$2.45
  • Raised midpoint of FY26 free cash flow to $1.85B
  • Expects 17–22% revenue growth in FY26
  • Forecasts GAAP operating profit growth of 455–520%

Headwinds

  • Server revenue declined 5% YoY
  • Hybrid Cloud revenue dropped 12% YoY
  • Net GAAP EPS declined from prior year ($0.11 vs. $0.99)
  • Impairment charges of $260M affected operating income
  • Ongoing integration and cost pressures from Juniper acquisition

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 2025

Historical avgQ4 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro