HPE's server and hybrid cloud revenue go into reverse

"The jolly green enterprise tech giant on Thursday reported [PDQF] Q4 2025 revenue of $9.7 billion, up 14 percent year-over year thanks largely to the acquisition of Juniper which in its final quarter as an independent entity won $1.28 billion of revenue. HPE's Q4 revenue grew $1.22 billion compared to last year's result. But revenue from servers fell five percent to $4.5 billion, and hybrid cloud revenue tumbled twelve percent to $1.4 billion."

"On hybrid cloud, the CEO pointed to annual revenue growth of five percent, and the addition of "approximately" 7,000 new customers for the GreenLake IT-as-a-service offering - which helped annual recurring revenue to jump 63 percent to $3.2 billion - as evidence that HPE is on the right track. The company's path, he added, has led it to become a "networking-centric company" poised to "deliver great experiences or growth opportunities in both cloud and AI.""

"The road ahead does, however, have some visible bumps. Neri said rising memory prices will mean price hikes of around 15 percent for servers. CFO Marie Myers revealed the company is currently integrating its own sales force with Juniper's, a task she described as "a critical milestone." Full year revenue landed at $34.3 billion, a 14 percent year-over-year jump. Myers offered guidance of 17 to 22 percent revenue"

HPE reported Q4 2025 revenue of $9.7 billion, up 14 percent year-over-year, with Juniper contributing $1.28 billion. Server revenue fell five percent to $4.5 billion and hybrid cloud revenue declined twelve percent to $1.4 billion. GreenLake added approximately 7,000 customers, lifting annual recurring revenue 63 percent to $3.2 billion. CEO Antonio Neri cited improved margins, strong demand for next-generation servers, and a deep AI-server order book. The company is positioning itself as networking-centric to capture cloud and AI opportunities. CFO Marie Myers said HPE is integrating its sales force with Juniper's and flagged rising memory prices prompting about 15 percent server price increases. Full-year revenue reached $34.3 billion, up 14 percent.

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