Hewlett Packard Enterprise Co Q4 2025 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co - Analyst : Hi. Thanks for taking my question. I guess, Antonio, just following up on the response to Amit's question. You did talk about acceleration in orders towards the end of the quarter. And you're referring to price increases in November. Maybe if you can just sort of help us in terms of how you're interpreting the increase in orders that you saw towards the end of the quarter? And do you see sort of them largely being in response to price actions you're going to take in November? Just trying to understand what the drivers are, what you're seeing at your end? Thank you.

Question: Erik Woodring - Morgan Stanley & Co Ltd - Analyst : Hey, guys. Thank you so much for taking my questions. Antonio, I'm going to go back to kind of where -- and Samik, we're touching on the commodity stuff. I truly want to understand your thoughts on the pass-through of demand elasticity because we can look at server DRAM contract pricing up 50% in 4Q alone. DRAM is obviously a considerable part of the server bill of materials. I guess, simple math would say you'd have to raise pricing just to account for the contract pricing in 4Q alone. So I guess maybe just -- is that the implication that you're kind of referencing here? And second, what are you assuming for demand elasticity? Just because if we take your kind of cloud and AI guide, it does assume a notable acceleration in growth through the year. So I'd love to just understand -- are you talking about pricing increases, that considerable. And two, how do you expect demand to respond?

Question: Wamsi Mohan - Bofa Merrill Lynch Asset Holdings Inc - Analyst : Oh, yes. Thank you. I wanted to clarify some of the comments around seasonality. -- slides you talk about the $9 billion to $9.4 billion in 1Q is a decline consistent with historical seasonality. But I think, Marie, you said that there were some pushouts of servers from 4Q to 1Q. So should that not be driving much better seasonality and sort of a higher outlook in fiscal 1Q. And similarly, you noted that the AI server lumpiness and sort of timing will drive the second half of the fiscal year, much higher relative to the first half. It's like different seasonality. So I'm just trying to piece those pieces together what's baked in from pushouts into 1Q? And would the seasonality have been even worse, had those pushouts not occurred. So hopefully, you can just maybe put that all in some context? Thank you.

Question: Aaron Rakers - Wells Fargo Securities LLC - Analyst : Yeah, thanks for taking the questions. I wanted to ask about the Networking business. It looks like on a pro forma basis using Juniper's results, you grew kind of in the low to maybe mid-teens range year-on-year this last quarter. It looks like you're guiding kind of the pro forma number to kind of grow in that mid-single-digit range next quarter in that range for the full year. I'm curious, why necessarily see a deceleration in that? Is that conservatism? And if you can, can you talk a little bit about Juniper's positioning in some of these AI fabric build-outs, what your discussion has been with customers thus far. I think Juniper has had a position in some larger build-outs in the past. Thank you.

Question: Asiya Merchant - Citi Infrastructure Investments LLC - Analyst : Marie, if I can just ask about the sale of the assets that you have and how that is reflected in your I believe I figure didn't really change from what you provided at the analyst a bit. So how should we think about the sale and how that should be factored into the OIE.