Outlook For The Fourth Quarter And Fiscal Year 2025

Fiscal 2025 Fourth Quarter Outlook
HPE estimates revenue to be in the range of $9.7 billion and $10.1 billion. HPE estimates GAAP diluted net EPS to be in the range of $0.50 to $0.54 and non-GAAP diluted net EPS to be in the range of $0.56 to $0.60. Fiscal 2025 fourth quarter non-GAAP diluted net EPS estimate excludes net after-tax adjustments of approximately $0.06 per diluted share, primarily related to acquisition, disposition and other charges, stock-based compensation expense, and cost reduction program, partially offset by tax adjustments.

Fiscal 2025 Outlook
HPE estimates fiscal 2025 revenue growth of 14% to 16%, in constant currency, and fiscal 2025 GAAP operating profit growth to be in the range of negative 112% to negative 109% and non-GAAP operating profit growth to be 4% to 7%. HPE estimates GAAP diluted net EPS to be in the range of $0.42 and $0.46 and non-GAAP diluted net EPS to be in the range of $1.88 to $1.92. Fiscal 2025 non-GAAP diluted net EPS estimate excludes net after-tax adjustments of approximately $1.46 per diluted share, primarily related to impairment of goodwill, acquisition, disposition and other charges, stock-based compensation expense, and cost reduction program, partially offset by tax adjustments and the gain from the disposition of Communications Technology Group. HPE estimates free cash flow of approximately $700 million.