NYSE$HPE

Hewlett Packard Enterprise Co · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

HPE reported Q4 revenue of $9.7B with GAAP diluted EPS of $0.11.

Fourth-quarter revenue rose 14% to $9.7 billion with ARR up 63% to $3.2 billion. GAAP diluted EPS was $0.11 and non-GAAP diluted EPS was $0.59. Management reaffirmed FY26 revenue growth of 17%–22% and raised non-GAAP diluted EPS guidance to $2.25–$2.45.

  • Q4 revenue $9.7B (+14% YoY).
  • Networking revenue $2.8B (+150% YoY).
  • ARR $3.2B (+63% YoY).
  • FY26 non-GAAP EPS guide $2.25–$2.45.

Headline financials

Total Revenue

$9.68B

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

$0.59

Previous: $0.58+1.7%
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 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

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

  • Corporate Investments
    $126M

Forward guidance

FY26 revenue growth 17%–22% reaffirmed; non-GAAP diluted EPS raised to $2.25–$2.45; free cash flow $1.7B–$2.0B.

Tailwinds

  • Networking growth from AI demand.
  • ARR +63% to $3.2B.
  • Juniper integration progressing.

Headwinds

  • Server revenue -5% YoY in Q4.
  • Hybrid Cloud revenue -12% YoY.
  • Integration and macro uncertainty.

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 Q4 2025

Historical avgQ4 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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