The earnings call highlighted strong financial performance with record revenue and cash flow, driven by significant growth in AI systems and Hybrid Cloud. However, challenges such as a notable order de-booking and margin pressures indicate areas of concern. The sentiment reflects a positive outlook with some caution due to specific operational challenges.

Company Guidance

During the Hewlett Packard Enterprise (HPE) Q4 2024 earnings call, the company provided a robust guidance, highlighting several key metrics that underscore its strong performance and optimistic outlook. HPE reported a record quarterly revenue of $8.5 billion, representing a 15% year-over-year increase, and noted a significant contribution from HPE GreenLake and AI systems, with AI systems revenue alone reaching $1.5 billion, up 16% sequentially. The company also achieved a non-GAAP operating profit of $938 million, translating to an operating margin of over 11%, a 110 basis point sequential increase. HPE concluded fiscal year 2024 with a revenue growth exceeding 3%, surpassing $30 billion, and free cash flow reaching a record $2.3 billion, far exceeding its guidance of at least $1.9 billion. Looking forward, HPE anticipates continued growth, driven by its AI systems and Hybrid Cloud segments, and expects to close its acquisition of Juniper Networks in early 2025, further enhancing its portfolio and competitive position.

Record Quarterly Revenue

HPE generated record quarterly revenue of $8.5 billion, up 15% year-over-year, marking the first time revenue exceeded $8 billion.

AI Systems Revenue Growth

AI systems revenue grew 150% to $4.1 billion, with a sequential increase of 16% to $1.5 billion in Q4.

Hybrid Cloud Revenue Surge

Hybrid Cloud revenue grew 18% year-over-year and 21% sequentially to $1.6 billion, driven by Private Cloud and Alletra Storage MP.

Improved Financial Metrics

HPE achieved record free cash flow of $2.3 billion for fiscal year 2024, exceeding guidance, with a non-GAAP operating margin of 11.1% in Q4.

Growth in Intelligent Edge

Intelligent Edge achieved its third consecutive quarter of orders growth, with significant growth in data center networking.

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Hewlett Packard Enterprise (HPE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HPE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 04, 2025	2025 (Q1)	0.50 / -	0.48	―	―	―
Dec 05, 2024	2024 (Q4)	0.56 / 0.58	0.52	11.54% (+0.06)
Sep 04, 2024	2024 (Q3)	0.47 / 0.50	0.49	2.04% (+0.01)
Jun 04, 2024	2024 (Q2)	0.39 / 0.42	0.52	-19.23% (-0.10)
Feb 29, 2024	2024 (Q1)	0.46 / 0.48	0.63	-23.81% (-0.15)
Nov 28, 2023	2023 (Q4)	0.50 / 0.52	0.57	-8.77% (-0.05)
Aug 29, 2023	2023 (Q3)	0.47 / 0.49	0.48	2.08% (+0.01)
May 30, 2023	2023 (Q2)	0.48 / 0.52	0.44	18.18% (+0.08)
Mar 02, 2023	2023 (Q1)	0.54 / 0.63	0.53	18.87% (+0.10)
Nov 29, 2022	2022 (Q4)	0.56 / 0.57	0.52	9.62% (+0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HPE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 05, 2024	$21.52	$23.80	+10.59%
Sep 04, 2024	$18.52	$17.40	-6.05%
Jun 04, 2024	$17.26	$19.10	+10.66%
Feb 29, 2024	$14.83	$15.15	+2.16%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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