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Mar 31

Juniper Networks Q1 2025 Earnings Report

Juniper Networks reported a return to profitability in Q1 2025 with strong product order growth and solid non-GAAP earnings.

Key Takeaways

Juniper Networks delivered solid Q1 2025 results, achieving year-over-year revenue and earnings growth, fueled by strong demand from cloud and enterprise customers investing in AI infrastructure.

Net revenue reached $1.28 billion, up 11% year-over-year.

GAAP net income was $64.1 million, reversing a net loss from the prior year.

Non-GAAP EPS was $0.43, up from $0.29 in Q1 2024.

Product orders rose nearly 40% YoY, driven by AI-related demand.

Total Revenue
$1.28B
Previous year: $1.15B
+11.4%
EPS
$0.43
Previous year: $0.29
+48.3%
Operating Margin
7%
Previous year: -1.2%
-683.3%
Non-GAAP Operating Margin
14.3%
Previous year: 10.6%
+34.9%
Gross Profit
$755M
Previous year: $681M
+10.8%
Cash and Equivalents
$1.29B
Previous year: $1.07B
+20.5%
Free Cash Flow
$317M
Previous year: $290M
+9.1%
Total Assets
$10.1B
Previous year: $9.48B
+6.4%

Juniper Networks

Juniper Networks

Juniper Networks Revenue by Segment

Juniper Networks Revenue by Geographic Location

Forward Guidance

Juniper is not providing specific guidance due to the pending HPE acquisition, but management expressed confidence in demand trends and revenue visibility.

Positive Outlook

  • Strong AI-driven cloud demand expected to persist.
  • Enterprise momentum continues to build across campus and data center.
  • Revenue visibility is healthy entering Q2.
  • Cost management remains disciplined.
  • Robust execution in Q1 supports future growth confidence.

Challenges Ahead

  • HPE merger uncertainty due to DOJ litigation.
  • Sequential revenue decline from Q4.
  • Tariff environment remains dynamic.
  • No formal guidance due to acquisition restrictions.
  • Operating margin decreased sequentially from Q4.

Revenue & Expenses

Visualization of income flow from segment revenue to net income