Hewlett Packard Enterprise Co (HPE): restructuring charge — HPE Q1 rev $7.9B (+16%), GAAP EPS $0.44, Non-GAAP $0.49; $350M cost cuts; Q2 EPS guide low

Hewlett Packard Enterprise Co

2025-Q1 EPS reported $0.44 revenue$7,854,000,000

Revenue $7.9B (+16% YoY); GAAP EPS $0.44 (above guidance $0.31-$0.36) and Non-GAAP EPS $0.49 (within $0.47-$0.52).
Server rev $4.3B (+29% YoY); gross margin down 720bps to 29.2% GAAP; Intelligent Edge rev down 5%.
Cost reduction program targets $350M gross savings by FY2027; $350M cash charges ($250M FY2025, $100M FY2026).
Q2 guidance: rev $7.2-$7.6B, GAAP EPS $0.08-$0.14, Non-GAAP EPS $0.28-$0.34.
FY2025 rev growth 7%-11% CC; GAAP EPS $1.15-$1.35, Non-GAAP $1.70-$1.90; FCF ~$1B; Juniper trial set July 9, 2025.

item 2.02 item 2.05 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Hewlett Packard Enterprise Co announced a restructuring with charges of approximately $350 million.

Type: restructuring
Charge: approximately $350 million

Exact text from the filing

On March 6, 2025, the Board of Directors approved a cost reduction program (the "Program") intended to reduce structural operating costs and continue advancing the Company's ongoing commitment to profitable growth. The Program is expected to be implemented through fiscal year 2026 and deliver gross savings of approximately $350 million by fiscal year 2027 through reductions in the Company's workforce. In order to achieve this level of cost savings, HPE estimates cash charges of approximately $350 million over the next two years in connection with the Program, with approximately $250 million to be incurred in fiscal year 2025, and the remaining $100 million to be incurred in the fiscal year 2026.

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Hewlett Packard Enterprise Co filing history →

Source: SEC EDGAR

accession 0001645590-25-000034

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