Hewlett Packard Enterprise Q3 Earnings Preview: Consensus EPS at $0.41, Revenue at $8.85B

Hewlett Packard Enterprise is set to announce Q3 2025 earnings results on September 3rd. The consensus EPS estimate is $0.41, a 18% YoY decline, and the revenue estimate is $8.85B, a 15% YoY increase. Over the past two years, HPE has consistently beaten EPS estimates and narrowed the revenue gap.

Hewlett Packard Enterprise (HPE) is scheduled to announce its Q3 2025 earnings results on September 3rd, after market close. The consensus EPS estimate is $0.41, a 18% year-over-year (YoY) decline, while the revenue estimate is $8.85 billion, a 15% YoY increase. Over the past two years, HPE has consistently beaten EPS estimates and narrowed the revenue gap.

Management expects non-GAAP earnings per share between 30 cents and 42 cents for the third quarter of fiscal 2025, with the consensus mark pegged at 43 cents per share, indicating a decrease of 14% from the prior-year quarter’s reported figure [1]. The estimate has been revised downward by a penny over the past 30 days.

For the third quarter of fiscal 2025, HPE expects revenues between $8.2 billion and $8.5 billion. The Zacks Consensus Estimate is pegged at $8.78 billion, suggesting growth of approximately 13.9% from the year-ago quarter’s reported figure [1].

HPE’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing the same on one occasion, delivering an average surprise of 5.9% [1]. The company’s fiscal third-quarter performance is expected to have been supported by rising demand in Artificial Intelligence (AI) and improving networking market conditions.

AI continues to be a key growth catalyst for HPE. The company exited the second quarter with $3.2 billion of AI systems backlog and expects a large AI system deployment in the third quarter. The increasing adoption of the Aruba Edge Services Platform and HPE GreenLake is also expected to have driven HPE’s revenues in the to-be-reported quarter. GreenLake momentum is expected to remain strong during the reported quarter, driven by subscription growth and an expanding customer base, which reached about 42,000 customers in the second quarter [1].

However, HPE continues to navigate a complex macro environment, including tariffs, trade policy changes, and geopolitical uncertainty, which is likely to have impacted overall financial performance in the third quarter. Moreover, enterprises are postponing their large IT spending plans due to a weakening global economy amid ongoing macroeconomic and geopolitical issues.

HPE carries a Zacks Rank #2 at present, with an Earnings ESP of -2.33%. Our model does not conclusively predict an earnings beat for HPE this time [1].

References:
[1] https://finance.yahoo.com/news/hpe-set-report-q3-earnings-150400529.html
[2] https://seekingalpha.com/news/4491348-hewlett-packard-enterprise-q3-2025-earnings-preview