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Hewlett Packard Enterprise

HPE Q2 2025 Earnings

Reported Jun 3, 2025 at 4:07 PM ET · SEC Source

Q2 25 EPS

$0.38

BEAT +16.31%

Est. $0.33

Q2 25 Revenue

$7.63B

BEAT +1.73%

Est. $7.50B

vs S&P Since Q2 25

+35.9%

BEATING MARKET

HPE +56.9% vs S&P +20.9%

Market Reaction

Did HPE Beat Earnings? Q2 2025 Results

Hewlett Packard Enterprise delivered a stronger-than-expected fiscal second quarter, posting non-GAAP EPS of $0.38 against a consensus estimate of $0.33, a beat of 16.31%, while revenue of $7.63 billion topped forecasts by 1.73% and grew 6.2% year-ov… Read more Hewlett Packard Enterprise delivered a stronger-than-expected fiscal second quarter, posting non-GAAP EPS of $0.38 against a consensus estimate of $0.33, a beat of 16.31%, while revenue of $7.63 billion topped forecasts by 1.73% and grew 6.2% year-over-year, driven by broad-based momentum across all three product segments. The standout catalyst was the company's AI and cloud infrastructure push, with Hybrid Cloud emerging as the fastest-growing segment at 13% revenue growth and HPE's annualized revenue run-rate surging 46% year-over-year to $2.20 billion, signals that its enterprise AI strategy is gaining commercial traction. The quarter was clouded, however, by a $1.36 billion non-cash goodwill impairment charge tied to the Hybrid Cloud unit, swinging GAAP EPS to a loss of $0.82. Looking ahead, HPE guided Q3 revenue of $8.20 billion to $8.50 billion with non-GAAP EPS of $0.40 to $0.45, and maintained its full-year outlook for 7% to 9% constant-currency revenue growth and free cash flow of approximately $1.00 billion.

Key Takeaways

  • • Year-over-year revenue growth across Server, Intelligent Edge, and Hybrid Cloud segments
  • • Improved Server margin performance over the course of the quarter
  • • Annualized revenue run-rate (ARR) of $2.2 billion, up 46% year-over-year driven by GreenLake consumption services
  • • Hybrid Cloud operating profit margin expanded to 5.4% from 1.0% year-over-year
  • • Intelligent Edge operating profit margin improved to 23.6% from 21.8% year-over-year
24/7 Wall St

HPE YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

HPE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“We delivered a solid performance, achieving yet another quarter of year-over-year revenue growth with strength in each of our product segments. In a very dynamic macro environment, we executed our strategy with discipline. We remain focused on bringing breakthrough innovation to our customers while increasing profitability and enhancing shareholder value.”

— Antonio Neri, Q2 2025 Earnings Press Release

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