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HPE

Hewlett Packard Enterprise Company

HPE

Hewlett Packard Enterprise Company • NYSE
$21.87 ▲ 1.58% (+0.34)
Market Cap $28.84 B
52w High $26.44
52w Low $11.96
Dividend Yield 0.52%
P/E 25.73
Volume 7.25M
Outstanding Shares 1.32B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $9.136B ▲ $2.118B ▲ $305M ▲ 3.338% ▲ $0.21 ▲ $730M ▲
Q2-2025 $7.588B ▼ $1.838B ▲ $-1.05B ▼ -13.838% ▼ $-0.82 ▼ $-471M ▼
Q1-2025 $7.81B ▼ $1.743B ▲ $627M ▼ 8.028% ▼ $0.45 ▼ $1.514B ▼
Q4-2024 $8.482B ▲ $1.738B ▼ $1.366B ▲ 16.105% ▲ $1.02 ▲ $2.079B ▲
Q3-2024 $7.673B $1.776B $512M 6.673% $0.39 $1.233B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.571B ▼ $77.34B ▲ $52.938B ▲ $24.402B ▲
Q2-2025 $11.667B ▼ $67.854B ▼ $43.927B ▼ $23.867B ▼
Q1-2025 $13.431B ▼ $70.327B ▼ $45.045B ▼ $25.224B ▲
Q4-2024 $14.846B ▲ $71.262B ▲ $46.382B ▲ $24.816B ▲
Q3-2024 $3.642B $60.852B $38.718B $22.077B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $305M ▲ $1.305B ▲ $-12.602B ▼ $4.235B ▲ $-7.091B ▼ $2.38B ▲
Q2-2025 $-1.05B ▼ $-461M ▼ $-989M ▼ $-695M ▲ $-2.064B ▼ $-1.008B ▼
Q1-2025 $627M ▼ $-390M ▼ $-23M ▼ $-797M ▼ $-1.253B ▼ $-918M ▼
Q4-2024 $1.366B ▲ $2.03B ▲ $1.527B ▲ $7.655B ▲ $11.2B ▲ $1.422B ▲
Q3-2024 $512M $1.154B $-473M $304M $981M $611M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Financial Services
Financial Services
 $890.00M ▲$870.00M ▼$860.00M ▼$890.00M ▲
Hybrid Cloud
Hybrid Cloud
 $1.58Bn ▲$1.41Bn ▼$1.45Bn ▲$1.48Bn ▲
Server Segment
Server Segment
 $4.71Bn ▲$4.29Bn ▼$4.06Bn ▼$4.94Bn ▲
Intelligent Edge
Intelligent Edge
 $1.12Bn ▲$1.15Bn ▲$1.16Bn ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement HPE’s revenue has grown gradually in recent years, not explosively, but with a steady upward tilt. Profitability has been more uneven: operating profits are fairly stable, but net income has swung around from year to year, suggesting the impact of one‑time items, restructuring, and shifting mix between products and services. The most recent years show healthier bottom‑line results than the weaker period in the middle of the record, which hints at better execution and improved business mix. Overall, it looks like a mature company slowly reshaping itself, with decent but not spectacular growth and margins that depend heavily on how well higher‑value services scale over time.

Balance Sheet

Balance Sheet HPE’s balance sheet shows a larger asset base than a few years ago, which fits its push into cloud, networking, and AI infrastructure. Cash on hand has risen meaningfully in the most recent year, giving the company more flexibility to invest or manage downturns. At the same time, total debt has also increased, so the company is using more borrowing to fund growth and strategic moves. Shareholder equity has been creeping up, which indicates value is being added over time, but the rise in leverage means risk and reward are both a bit higher than before.

Cash Flow

Cash Flow Cash generation from the core business is solid and fairly consistent, which is important for a company going through a business model transition. Free cash flow has stayed positive, even while HPE continues to spend significantly on capital investments to support GreenLake, networking, and high‑performance computing. There was a period of stronger free cash a few years back, followed by a dip and then some recovery, which reflects the timing of investments rather than a collapse in underlying cash generation. Overall, the cash flow profile looks dependable enough to support ongoing investment and integration efforts, though not without occasional pressure when spending ramps up.

Competitive Edge

Competitive Edge HPE competes in a tough arena against public cloud giants, server and storage rivals, and large networking players. Its main edge is an integrated, “one‑stop” enterprise offering that spans servers, storage, networking, and software, wrapped into the GreenLake as‑a‑service model. Once customers embed GreenLake into their operations, switching can be painful, which creates some stickiness and recurring revenue. HPE also holds strong positions in high‑performance computing and enterprise networking, and the planned Juniper acquisition could deepen its networking and AI‑native capabilities. However, the company’s moat is not wide: it must constantly defend share and differentiate against well‑funded competitors that move quickly, especially in cloud and AI.

Innovation and R&D

Innovation and R&D HPE is clearly leaning into innovation rather than staying a traditional hardware vendor. The GreenLake platform is the centerpiece, turning infrastructure into a subscription service and extending from data centers out to the edge. The company is investing heavily in AI infrastructure, using its supercomputing heritage and partnerships like NVIDIA to deliver private, secure AI environments for large enterprises. Its intelligent edge strategy, anchored by Aruba and future Juniper capabilities, aims to capture the growing volume of data and computing happening outside the core data center. Much of HPE’s R&D and acquisition spend is about deep integration—making hybrid, multi‑cloud, and edge environments feel unified and manageable—though execution risk is high given the pace of change and complexity of integrating big deals like Juniper.

Summary

Overall, HPE looks like a mature infrastructure company in the middle of a significant transition toward cloud‑like, subscription‑based services. Revenues are growing slowly but steadily, profitability has improved recently after a bumpy stretch, and the balance sheet shows both stronger liquidity and higher leverage. Cash flows are healthy enough to support continued investment, suggesting the company can keep funding its shift without relying solely on external capital. Competitively, HPE has real strengths in hybrid IT, high‑performance computing, and the intelligent edge, with GreenLake as the unifying platform, but it faces intense pressure from cloud hyperscalers and other large enterprise vendors. Future results will hinge on how well it scales recurring GreenLake revenues, executes on AI and networking (including integrating Juniper), and maintains margins in a fast‑moving and highly competitive market.

NEWS

November 25, 2025 · 9:00 AM UTC

HPE Awarded $931M Other Transaction Agreement to Modernize DISA Datacenter

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November 13, 2025 · 9:00 AM UTC

Next-generation HPE Cray Supercomputing portfolio introduces industry-leading compute density to boost AI productivity

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November 13, 2025 · 7:45 AM UTC

HPE to Present Live Audio Webcast of Fiscal 2025 Fourth Quarter Earnings Conference Call

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November 10, 2025 · 9:00 AM UTC

HPE and Partners Launch Quantum Scaling Alliance to Accelerate Quantum Computing Breakthroughs

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October 28, 2025 · 3:00 PM UTC

HPE to Build “Mission” and “Vision” Supercomputers for Los Alamos National Laboratory in Collaboration With NVIDIA, to Support AI Research and National Security

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