HPE beats Q2 revenue and non-GAAP EPS; AI systems revenue doubles, raises full-year outlook

Hewlett Packard Enterprise Co

2024-Q2 EPS reported $0.53 revenue$13,959,000,000

Revenue $7.2B (+3% YoY); GAAP EPS $0.24; Non-GAAP EPS $0.42, above guidance ($0.36-$0.41).
AI systems revenue more than doubled sequentially; cumulative AI orders reach $4.6B with enterprise AI >15%.
Server revenue $3.9B (+18% YoY); Intelligent Edge $1.1B (-19%); Hybrid Cloud $1.3B (-8%); Financial Services $867M (+1%).
Q3 FY24 guidance: revenue $7.4B-$7.8B, non-GAAP EPS $0.43-$0.48. Full-year non-GAAP EPS raised to $1.85-$1.95.
Dividend declared $0.13/share, payable July 18, 2024; FCF $610M, up $322M YoY.

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