---
schema_version: "secwatch.filing_event.v1"
accession: "0001645590-23-000029"
form_type: "8-K"
ticker: "HPE"
cik: "0001645590"
company_name: "Hewlett Packard Enterprise Co"
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:24:11.070381+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HPE reports record Q1 revenue $7.8B, raises FY23 guidance; acquires Axis Security

## Summary
- Q1 revenue $7.8B, up 12% YoY (18% constant currency), a Q1 record since 2016.
- GAAP EPS $0.38 (down 3% YoY); non-GAAP EPS $0.63 (up 19% YoY), above guidance.
- ARR exceeded $1B for first time, up 26% YoY (31% constant currency).
- Raised FY2023 non-GAAP EPS guidance to $2.02-$2.10; revenue growth 5-7% constant currency.
- Acquired Axis Security (SSE provider) to enhance Aruba SASE offering; expected close by end of Q2 FY2023.

## SEC filing metadata
- accession: 0001645590-23-000029
- form_type: 8-K
- ticker: HPE
- cik: 0001645590
- company_name: Hewlett Packard Enterprise Co
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645590/000164559023000029/0001645590-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645590/000164559023000029/hpe-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001645590-23-000029
- JSON: https://secwatch.observer/filing/0001645590-23-000029.json
- Plain text: https://secwatch.observer/filing/0001645590-23-000029.txt

## Key facts
- Earnings Releases
  Hewlett Packard Enterprise Co reported fiscal quarter ended January 31, 2023 results: revenue $7.8 billion, EPS GAAP of $0.38, non-GAAP of $0.63.
  - Period: fiscal quarter ended January 31, 2023
  - Revenue: $7.8 billion
  - EPS: GAAP of $0.38, non-GAAP of $0.63
  - Result: reported results
  source text: First Quarter Fiscal 2023 Financial Results: • Revenue of $7.8 billion was up 12% and up 18% adjusted for currency (1) from the prior-year period, above our Q1 guidance. Revenue was the highest first-quarter performance for the company since 2016 • Annualized revenue run-rate (“ARR”) (2) for the first time exceeded $1 billion and was up 26% and up 31% adjusted for currency (1) from the prior-year period • Gross margins: ◦ GAAP of 34.0% was up 30 basis points from the prior-year period and up 110 basis points sequentially ◦ Non-GAAP of 34.2% established a Q1 record and was up 30 basis points from the prior-year period and up 110 basis points sequentially • Diluted net earnings per share (“EPS”) : ◦ GAAP of $0.38 was down 3% from the prior-year period and up 265% sequentially ◦ Non-GAAP of $0.63 was up 19% from the prior-year period and up 11% sequentially, exceeding our guidance range of $0.50-$0.58 and marking a quarterly record for the company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1645590/000164559023000029/0001645590-23-000029-index.htm
- Earnings Releases
  Hewlett Packard Enterprise Co reported fiscal year 2023 results: revenue Q2 fiscal 2023 revenue: $7.1 billion to $7.5 billion; fiscal 2023 revenue growth estimate: 5%-7% adjusted for currency, EPS GAAP diluted net EPS $1.40-$1.48, non-GAAP diluted net EPS $2.02-$2.10. Guidance raised.
  - Period: fiscal year 2023
  - Revenue: Q2 fiscal 2023 revenue: $7.1 billion to $7.5 billion; fiscal 2023 revenue growth estimate: 5%-7% adjusted for currency
  - EPS: GAAP diluted net EPS $1.40-$1.48, non-GAAP diluted net EPS $2.02-$2.10
  - Guidance: raised
  - Result: guidance update
  source text: Outlook: • Revenue: Estimates Q2 fiscal 2023 revenue to be in the range of $7.1 billion to $7.5 billion, and raises fiscal 2023 revenue growth estimate to be in the range of 5%-7% adjusted for currency (1) • ARR (2) : Reiterates our 2022 HPE Securities Analyst Meeting ARR guidance of 35%-45% Compounded Annual Growth Rate from fiscal 2022 to fiscal 2025 • Diluted net EPS : ◦ Estimates Q2 fiscal 2023 GAAP diluted net EPS to be in the range of $0.27 to $0.35 and non-GAAP diluted net EPS to be in the range of $0.44 to $0.52 ◦ Raises guidance of fiscal 2023 GAAP diluted net EPS to be in the range of $1.40 to $1.48 and non-GAAP diluted net EPS to be in the range of $2.02 to $2.10 • Free cash flow (3)(4) : Reiterates guidance of $1.9 billion to $2.1 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1645590/000164559023000029/0001645590-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.