Hewlett Packard Enterprise Company Earnings Recaps
Q2 2026
Jun 3, 2026
Shares surged 30.5% following a quarter that materially outpaced expectations on revenue, earnings, backlog, and demand strength, driven by broad-based growth and accelerated customer investments in AI-related infrastructure.
Key takeaways
- Revenue rose 40% year-over-year to $10.7 billion, reflecting strong demand and successful integrations.
- Non-GAAP EPS more than doubled, reaching $0.79, significantly above guidance.
- Free cash flow improved by $1.8 billion to $915 million, driven by operational efficiency and working capital improvements.
- Orders more than doubled, building a record backlog and signaling durable demand momentum.
- Strong performance across networking, including double-digit revenue growth and notable wins in AI-related campus and branch networking, as well as security segments.
Q4 2025
Dec 5, 2025
Hewlett Packard Enterprise delivered a record Q4 performance with $9.7 billion in revenue, marking a 14% year-over-year increase, and raised its fiscal year 2026 earnings guidance.
Key takeaways
- Non-GAAP diluted EPS of $0.62 exceeded guidance, supported by a record operating margin of 12.2%.
- Strong demand reflected in a significant increase in orders, with networking revenue surging 51% year-over-year to $6.9 billion.
- Free cash flow of $1.9 billion for the quarter capped off a solid fiscal year, with full-year revenue growth of 14%.
- The imminent sale of HPE's remaining 19% stake in H3C for approximately $1.4 billion aims to lower net leverage to around two times by fiscal year 2027.
- Integration of Juniper Networks is progressing well, fostering double-digit order growth and enhancing HPE's networking capabilities.