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Jul 31, 2021
Hewlett Packard Enterprise Q3 2021 Earnings Report
Q3 marked by strong orders, profitability and free cash flow. FY21 EPS and FCF outlook raised; share repurchases reinstated.
Key Takeaways
Hewlett Packard Enterprise reported a strong Q3 performance with impressive order growth, expanded margins, and record free cash flow. The company's edge-to-cloud strategy is driving improved momentum across its businesses. Full-year guidance raised to reflect continued momentum in demand and strong execution.
Orders: Strengthening demand accelerates growth, up strong double-digits from the prior-year period and year-to-date up 11% from the prior-year period
Revenue: $6.9 billion, up 3% sequentially and in-line with Q3 outlook of normal sequential seasonality; up 1% from the prior-year period
Annualized revenue run-rate (ARR): $705 million, up 33% from the prior-year period
Non-GAAP of $0.47, up 31% from the prior-year period and above the previously provided outlook of $0.38 to $0.44 per share
Revenue by Segment
Forward Guidance
Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of $0.14 to $0.22 and non-GAAP diluted net EPS to be in the range of $0.44 to $0.52 for the fourth quarter of fiscal year 2021. Raises free cash flow guidance to $1.5 to $1.7 billion for fiscal year 2021.
Positive Outlook
- Estimates GAAP diluted net EPS to be in the range of $0.14 to $0.22 for Q4 2021
- Estimates non-GAAP diluted net EPS to be in the range of $0.44 to $0.52 for Q4 2021
- Raises GAAP diluted net EPS outlook to $0.80 to $0.88 for fiscal 2021
- Raises non-GAAP diluted net EPS outlook to $1.88 to $1.96 for fiscal 2021
- Raises free cash flow guidance to $1.5 to $1.7 billion for fiscal 2021
Historical Earnings Impact
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Avg. Return Before/After Earnings
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