What were Hewlett Packard Enterprise's Q4 2024 results?

Hewlett Packard Enterprise reported $9.68 billion in revenue and $0.62 earnings per share for Q4, with significant margin expansion and $1.92 billion in free cash flow.

What is HPE's outlook for FY26?

HPE reaffirms its full-year FY26 guidance, expecting EPS to rise modestly to $2.25-$2.45.

How did HPE's different business segments perform in Q4?

Server business declined, Networking showed resilience, Hybrid Cloud faced headwinds, and Financial Services remained strong with a notable operating margin.

Home / Business and Economy / HPE Delivers Robust Cash Flow Growth

HPE Delivers Robust Cash Flow Growth

6 Dec, 2025

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Summary

HPE's Q4 revenue was $9.68 billion, with EPS exceeding expectations at $0.62.
Gross margin expanded significantly to 36.4%, and free cash flow was robust at $1.92 billion.
Company reaffirms full-year FY26 guidance with expected EPS rise to $2.25-2.45.

Hewlett Packard Enterprise Company demonstrated strong operational resilience in its fourth quarter, with revenues of $9.68 billion. Despite a slight miss on revenue estimates, the company's earnings per share exceeded expectations at $0.62. Key to this performance was a significant expansion in gross margin to 36.4% and disciplined cost management, leading to improved operating margins across several segments.

The company's financial health was further underscored by robust free cash flow generation, amounting to $1.92 billion, surpassing projections. While the Server and Hybrid Cloud segments experienced declines, Networking and Financial Services showed resilience, contributing positively to the overall results. This balanced performance across its diverse portfolio positions HPE to navigate market fluctuations effectively.

For the upcoming quarter, HPE has projected revenues between $9-$9.4 billion and EPS of $0.57-$0.61. The company also reaffirmed its full-year FY26 guidance, now expecting EPS to range from $2.25 to $2.45. This outlook reflects confidence in HPE's strategic investments and its ability to deliver sustained shareholder value.