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HPE closed Juniper in July 2025 and is modeling a ~$9.6B networking run rate with $600M cost synergies; FY2024 cash and debt moves reshape EV and margin story.
HPE’s AI server momentum and the July 2025 Juniper close coincide with a cash surge to **$14.85B**, cutting net debt to **$4.97B** and reshaping margins.
HPE posts **$30.13B revenue** in FY2024 and a cash pile of **$14.85B**, funded by financing flows tied to the Juniper deal — a balance-sheet pivot that changes the investment calculus.