HPE Reports 18.4% Revenue Growth to $9.3B, EPS $0.65; Shares Slip Below Averages
First-quarter revenue rose 18.4% year-over-year to $9.3 billion, while non-GAAP EPS jumped 32.7% to $0.65, beating forecasts and reflecting faster-than-expected integration synergies. Shares have declined 10.2% year-to-date, trade below their 50-day ($21.99) and 200-day ($22.07) moving averages, and company forecasts Q2 revenue of $9.6–10 billion with EPS of $0.51–0.55.
1. Q1 Financial Results
Hewlett Packard Enterprise achieved Q1 revenue of $9.3 billion, up 18.4% year-over-year, and non-GAAP EPS of $0.65, a 32.7% increase. Strong demand across servers, hybrid cloud and networking, coupled with faster-than-expected Juniper and Catalyst integration synergies, drove the outperformance.
2. Share Performance and Technical Indicators
HPE shares have fallen 10.2% year-to-date, underperforming the Dow’s 3.1% decline, and remain below their 50-day moving average of $21.99 and 200-day moving average of $22.07, signaling near-term technical weakness.
3. Q2 Guidance and Outlook
For fiscal Q2, management forecasts revenue between $9.6 billion and $10 billion and non-GAAP diluted EPS of $0.51 to $0.55, reflecting confidence in continued infrastructure demand and cost-synergy execution.