Q4 2025 Hewlett Packard Enterprise Co Earnings Call Transcript

Dec 04, 2025 / 10:00PM GMT

Release Date Price: $22.9 (+2.88%)

Transcript 10-K8-K

Key Points

Positve

Hewlett Packard Enterprise Co (HPE) reported a record quarter with Q4 revenue of $9.7 billion, a 14% increase year over year.
Non-GAAP operating profits grew 26% year over year, with a record high operating margin of 12.2%.
The acquisition of Juniper Networks significantly bolstered HPE's position in the Networking sector, contributing to a 51% increase in Networking segment revenue for fiscal year 2025.
HPE's GreenLake platform saw strong growth, with annualized revenue run rate (ARR) increasing by 62% year over year, reaching $3.2 billion.
HPE successfully integrated Juniper Networks, achieving initial synergies and positioning the company for higher margin and growth opportunities.

Negative

Q4 revenue came in slightly below the low end of HPE's outlook range due to the push out of some AI shipments.
Server revenue declined 5% year over year in Q4, primarily due to the timing of AI server shipments and lower-than-expected U.S. federal spending.
Hybrid Cloud revenue decreased by 13% year over year in Q4, reflecting a strategic pivot away from low-margin non-IP related businesses.
HPE faces industry-wide commodity cost inflation, particularly in DRAM and NAND markets, which could impact margins.
The integration of Juniper Networks, while progressing well, still poses challenges, including the need to unify sales forces and implement a new sales compensation plan.

Operator

Good afternoon, and welcome to the fiscal 2025 fourth-quarter Hewlett Packard Enterprise earnings conference call. (Operator Instructions) Please note this event is being recorded.

I would now like to turn the conference over to Paul Glaser, Head of Investor Relations. Please go ahead.

Paul Glaser

Hewlett Packard Enterprise Co - Corporate Vice President, Head - Investor Relations

Good afternoon. I am Paul Glaser, Head of Investor Relations for Hewlett Packard Enterprise. I would like to welcome you to our fiscal 2025 fourth-quarter earnings conference call with Antonio Neri, HPE's President and Chief Executive Officer; and Marie Myers, HPE's Chief Financial Officer.

Before handing the call to Antonio, let me remind you that this call is being webcast. A replay of the webcast will be available shortly after the call concludes. We have posted the press release and the slide presentation accompanying the release on our HPE Investor Relations web page. Elements of the financial information referenced on this call are forward-looking and are

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