服务器交易增速放缓致业绩展望不及预期，慧与盘前下跌9.3%

Core Viewpoint - Hewlett Packard Enterprise Co. (HPE) has provided a sales outlook for the current quarter that falls short of market expectations for its artificial intelligence (AI) server business, resulting in a decline in the company's stock price during pre-market trading [1][4]. Financial Performance - HPE expects revenue for the fiscal quarter ending in January to be between $9 billion and $9.4 billion, with adjusted earnings per share projected at $0.57 to $0.61. Analysts had previously anticipated an average revenue of $9.88 billion and earnings of $0.53 per share [1][4]. - For the fourth fiscal quarter ending October 31, HPE reported a revenue growth of 14%, reaching $9.68 billion, which is slightly below the analysts' average expectation of $9.9 billion. The earnings per share were $0.62, exceeding the analysts' average expectation of $0.58 [2][7]. Market Reactions - Following the earnings outlook, HPE's stock closed at $22.90 and experienced a pre-market drop of 9.3%. Year-to-date, the stock has seen a cumulative increase of 6.7% [1][6]. Business Strategy and Developments - HPE's CEO, Antonio Neri, indicated that sales for the fourth quarter did not meet analyst expectations due to delays in server transactions supporting AI workloads, which have been pushed to 2026. A specific deal in Europe was delayed due to unprepared data centers, and a related agreement with the U.S. government was hindered by a federal government shutdown [1][4][5]. - HPE's CFO, Marie Myers, noted that the company's AI servers continue to attract significant attention from government and enterprise clients, although demand is expected to remain uneven due to longer delivery cycles for orders from large sovereign clients [2][6]. - The company completed the acquisition of Juniper Networks for approximately $13 billion in July, positioning its network business as a key pillar for future expansion. Cost-cutting measures and increased sales of high-margin network devices have contributed to an improvement in profit margins [2][6]. Order Book - In the current quarter, HPE secured $2 billion in new AI server orders [7].