On a full-year basis, Zammit said the business excluding Hyve increased gross billings in the “high single digits” year over year while improving gross margin and operating margin. He also said Hyve grew gross billings at a double-digit rate “well above” expectations and made progress expanding offerings and diversifying its customer base.Zammit said the distribution business excluding Hyve continued to show momentum, with gross billings up 10% year over year and double-digit growth in both gross profit and ...

Financial Data and Key Metrics Changes - For the full year, the business excluding Hive saw gross billings increase in the high single digits year over year, with improvements in both gross margin and operating margin [5] - In Q4, non-GAAP gross billings reached $24.3 billion, a 15% increase year over year, or 13% in constant currency, while non-GAAP diluted earnings per share rose 24% year over year to $3.83, setting new records for the company [5][6] - Net revenue for Q4 was $17.4 billion, up 10% year over year, with gross profit increasing 15% to $1.2 billion [17] Business Line Data and Key Metrics Changes - The Endpoint Solutions portfolio increased gross billings by 12% year over year, driven by demand for PCs due to the Windows 11 refresh [15] - The Advanced Solutions portfolio saw a 17% increase in gross billings year over year, with Hive contributing over 50% growth primarily from server and networking rack builds [16] - Hive's operating income also grew significantly year over year, becoming a larger portion of the overall mix [6] Market Data and Key Metrics Changes - North America experienced steady growth supported by demand across key customer segments and increased security requirements [7] - Europe outperformed expectations with growth driven by infrastructure software and PC device upgrades, despite a slow macroeconomic backdrop [7] - Asia-Pacific and Japan remained key growth engines, driven by rapid cloud expansion and strong demand from digitizing economies [7] Company Strategy and Development Direction - The company is focusing on four strategic pillars: omnichannel engagement, specialized go-to-market, best-in-class enablement, and expanding brand visibility [8][13] - Investments in the Partner-First Digital Bridge and AI capabilities are aimed at enhancing customer engagement and simplifying transactions [8] - The company aims to strengthen its competitive position as a strategic business partner, focusing on sustainable long-term growth [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term value proposition of Hive and IT distribution, highlighting substantial untapped market opportunities [14] - The company anticipates continued growth in the PC market, driven by ongoing refresh cycles and AI compatibility [62] - Management remains focused on generating sustainable free cash flow and improving return on invested capital [22][24] Other Important Information - Free cash flow for FY25 was $1.4 billion, marking the third consecutive year of over $1 billion in free cash flow [19] - The company returned $742 million to shareholders over the fiscal year, representing approximately 61% of free cash flow [20] - The board approved a cash dividend of $0.48 per common share, payable on January 30, 2026 [22] Q&A Session Summary Question: Growth in Europe and Asia-Pacific - Management noted that growth in Asia-Pacific is driven by significant market share gains and investments in high-growth segments, particularly in India [27][28] - In Europe, the company is gaining market share by targeting technologies and customer segments that offer higher growth than the market average [30] Question: Impact of Component Costs on Demand - Management confirmed that while memory prices have increased, they have not seen demand destruction, and guidance reflects a bottom-up assessment from regions [34][37] Question: Visibility for Hyve Programs - Management expressed confidence in the margin profile of Hyve and noted ongoing investments to expand capabilities and capacity [51][60] Question: Net Revenue Conversion Dynamics - Management explained that the increase in gross-to-net adjustments is influenced by a higher mix of software and certain Hive programs, which are netted [70][71]

As far as innovators are concerned, it’s difficult for investors to get excited about Dell Technologies (DELL). Over the trailing year, DELL stock has lost about half-a-percent of value, dubiously earning it a rating of Weak Sell by the Barchart Technical Opinion indicator. While the company’s broad relevancies — which include PCs, servers and network security — keep the wheels turning, DELL just hasn’t managed to make the gains stick. Still, with a trailing five-year performance of over 217%, there’s po ...

Key Points Micron recently boosted its outlook for server shipments. Micron sells both HBM memory for AI chips and standard server DRAM, both of which are in short supply. Intel is struggling to keep up with demand for server CPUs, although capacity constraints are expected to ease later in 2026. 10 stocks we like better than Micron Technology › Soaring demand for servers is surprising even the most optimistic AI hardware providers. In December, Micron (NASDAQ: MU) boosted its outlook for 2025 s ...

We look back to look forward and predict whether three of 2025's biggest disappointments can turn it around in 2026.In this podcast, Motley Fool analysts Tom King and Tim Beyers and contributor Travis Hoium discuss:How losing faith with auditors cost Supermicro.Whether fashion trends favor Lululemon.The 2026 challenges facing Nike CEO Elliott Hill.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to invest, check out this top 10 list of stocks to ...

Core Insights - Foxconn reported a 22% increase in revenues for Q4 2025, driven by heightened spending on AI infrastructure by tech firms [1] - The company's revenues reached 2.6 trillion Taiwan dollars ($83 billion), exceeding analyst expectations of NT$2.4 trillion ($77 billion) [1] - Foxconn's share price increased by 25% throughout 2025, following a significant 76% rise in the previous year [2] Company Overview - Foxconn, also known as Hon Hai, is the world's largest contract electronics manufacturer, producing servers for data centers and assembling Apple's iPhone [2] - The company has positioned itself as a crucial player in the AI sector as businesses accelerate the development of related infrastructure [2]

Apple Inc. exported iPhones worth $50 billion from India in 2025, marking a significant milestone for the country's manufacturing sector. Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology, Ashwini Vaishnaw, shared the development on X, attributing the growth to the 'Make in India' initiative and the transition toward a producer economy.In a major milestone for PM @narendramodi Ji's 'Make in India' and our quest to become a producer economy, Apple ships $50 billion ...

Hewlett Packard Enterprise Company ( HPE ) is a technology company known for servers and computer hardware, but like many others in technology, it has expanded into cloud and AI computing. A little over a year ago, IOther writing on Substack: https://yieldstrategies.substack.com/I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researchin ...

13 December 2025 | 5:13PM HKT Equity Research Global Optical transceivers: TAM introduced; rising 800G / 1.6T driven by growing AI servers infrastructure We are introducing our global optical transceiver TAM, a demand angle based on our server forecasts and the corresponding connection needed. We cover (1) the adoption trend by speed, with 1.6T ramping up adoption in 2026-27E and 3.2T starting adoption in 2027E. (2) the penetration of silicon photonics solutions, increasing along with optical module speed m ...

Core Viewpoint - Hewlett Packard Enterprise (HPE) shares declined by 5% following a fourth-quarter revenue report that did not meet analyst expectations, with reported revenue of $9.68 billion, a 14% increase year-over-year, but below the anticipated $9.94 billion [1] Revenue Performance - HPE's server segment revenue was reported at $4.46 billion, representing a 5% decrease from $4.68 billion in the same quarter last year, and fell short of the StreetAccount analyst expectations of $4.58 billion [2] - The server revenue also saw a decline of 10% compared to the previous third quarter [3] Management Commentary - CFO Marie Myers attributed the revenue shortfall to the timing of artificial intelligence service shipments and lower-than-expected government spending during the analyst call [2] - Despite the challenges, there was notable growth in server orders for both traditional and AI offerings, indicating that demand significantly outpaced revenue during this period [3]