HPE Q3 2025 Earnings
Reported Sep 3, 2025 at 4:08 PM ET · SEC Source
Q3 25 EPS
$0.44
BEAT +5.41%
Est. $0.42
Q3 25 Revenue
$9.14B
BEAT +3.51%
Est. $8.83B
vs S&P Since Q3 25
+13.8%
BEATING MARKET
HPE +24.8% vs S&P +11.0%
Market Reaction
Did HPE Beat Earnings? Q3 2025 Results
Hewlett Packard Enterprise delivered a transformational fiscal Q3 2025, posting record quarterly revenue of $9.14 billion, up 19.1% year-over-year, while non-GAAP EPS of $0.44 cleared the $0.42 Wall Street consensus by 5.41%, both figures topping exp… Read more Hewlett Packard Enterprise delivered a transformational fiscal Q3 2025, posting record quarterly revenue of $9.14 billion, up 19.1% year-over-year, while non-GAAP EPS of $0.44 cleared the $0.42 Wall Street consensus by 5.41%, both figures topping expectations. The single biggest catalyst was the July 2 closing of HPE's $13.4 billion Juniper Networks acquisition, which supercharged the renamed Networking segment to $1.73 billion in revenue, a 54% year-over-year surge, while the Server segment, buoyed by robust enterprise appetite for AI-optimized hardware, contributed $4.94 billion, up 16% year-over-year. Annualized revenue from consumption services reached $3.10 billion, up 77% year-over-year, reflecting the breadth of the combined portfolio. Looking ahead, HPE guided Q4 revenue of $9.70 billion to $10.10 billion with non-GAAP EPS of $0.56 to $0.60, and full-year FY2025 non-GAAP EPS of $1.88 to $1.92, as management signaled growing profit accretion from Juniper synergies; sister company HP Inc. is also scheduled to report results shortly.
Key Takeaways
- • Record revenue driven by 19% YoY growth with strong demand across the portfolio
- • Server segment revenue up 16% YoY to $4.9 billion
- • Networking segment revenue surged 54% YoY to $1.7 billion, boosted by Juniper Networks consolidation
- • Hybrid Cloud revenue grew 12% YoY with improved operating margins
- • ARR reached $3.1 billion, up 77% YoY, reflecting growth in consumption services
- • Cash flow from operations of $1,305 million, up $151 million YoY
- • Free cash flow of $790 million, up $121 million YoY
HPE YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
HPE Revenue by Segment
With YoY comparisons, source: SEC Filings
“HPE delivered record-breaking revenue and improved profitability this quarter as we marked a major milestone by closing our acquisition of Juniper Networks.”
— Antonio Neri, Q3 2025 Earnings Press Release
HPE Earnings Trends
HPE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HPE EPS Trend
Earnings per share: estimate vs actual
HPE Revenue Trend
Quarterly revenue: estimate vs actual
HPE Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.65 | — | $9.30B | — |
| Q4 25 BEAT FY | $0.58 | $0.62 | +6.90% | $9.68B | -2.55% |
| FY Full Year | $1.90 | $1.94 | +2.32% | $34.30B | -0.68% |
| Q3 25 BEAT | $0.42 | $0.44 | +5.41% | $9.14B | +3.51% |
| Q2 25 BEAT | $0.33 | $0.38 | +16.31% | $7.63B | +1.73% |