Hewlett Packard Enterprise reported strong revenue growth driven by the server and Intelligent Edge segments, as well as significant growth in AI system orders and GreenLake adoption. However, the company faced challenges in the server segment, with operating margin pressures due to pricing and inventory issues, compounded by recent tariff impacts. Workforce reductions and cost-saving measures are being implemented to address these challenges.

Company Guidance

During the first quarter of fiscal 2025, Hewlett Packard Enterprise (HPE) demonstrated strong performance with a 17% year-over-year revenue growth, reaching $7.9 billion, despite facing challenges in the server segment. The company reported non-GAAP diluted net earnings per share of 49 cents, aligning with its outlook. HPE's server revenue surged by 30% year-over-year, although profitability was impacted due to aggressive pricing competition and inventory valuation issues. The Intelligent Edge segment recorded a 2% quarter-over-quarter revenue increase, while hybrid cloud grew by 11% year-over-year. HPE's annual recurring revenue reached $2.1 billion, up 46% year-over-year, driven by AI and Intelligent Edge. The company plans to achieve at least $350 million in gross savings by fiscal 2027 through workforce reductions and attrition management. For fiscal 2025, HPE expects constant currency revenue growth of 7% to 11%, with revenue weighted towards the second half, and non-GAAP diluted net earnings per share ranging between $1.70 and $1.90.

Strong Revenue Growth

Hewlett Packard Enterprise delivered a 17% year-over-year revenue growth in Q1, marking the fourth consecutive quarter of improved year-over-year top-line growth. The server business grew revenue by 30% year-over-year, with hybrid cloud also showing strong performance.

Intelligent Edge Success

The Intelligent Edge segment recorded 2% quarter-over-quarter revenue growth, with double-digit year-over-year order growth across all key geographies and products, including campus switching.

AI System Orders and Revenue

HPE booked $1.6 billion in new AI system orders in Q1, with cumulative AI system orders reaching $8.3 billion. AI systems revenue for Q1 was $900 million.

GreenLake Growth

GreenLake remains a key differentiator, ending Q1 with more than 41,000 enterprises using HPE GreenLake Cloud and AIR surpassing $2 billion for the first time, up 46% year-over-year.

New Product Launches

HPE launched several new products, including the ProLiant Gen 12 server platform and new vertical solutions for the Intelligent Edge segment, demonstrating continued innovation.

Hewlett Packard Enterprise (CH:2HP) Earnings, Revenues Date & History

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CH:2HP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 03, 2025	2025 (Q2)	0.27 / -	0.351	―	―	―
Mar 06, 2025	2025 (Q1)	0.41 / 0.41	0.401	2.08% (<+0.01)
Dec 05, 2024	2024 (Q4)	0.47 / 0.48	0.434	11.54% (+0.05)
Sep 04, 2024	2024 (Q3)	0.39 / 0.42	0.409	2.04% (<+0.01)
Jun 04, 2024	2024 (Q2)	0.33 / 0.35	0.434	-19.23% (-0.08)
Feb 29, 2024	2024 (Q1)	0.38 / 0.40	0.526	-23.81% (-0.13)
Nov 28, 2023	2023 (Q4)	0.42 / 0.43	0.476	-8.77% (-0.04)
Aug 29, 2023	2023 (Q3)	0.39 / 0.41	0.401	2.08% (<+0.01)
May 30, 2023	2023 (Q2)	0.40 / 0.43	0.367	18.18% (+0.07)
Mar 02, 2023	2023 (Q1)	0.45 / 0.53	0.442	18.87% (+0.08)

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CH:2HP Earnings-Related Price Changes

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