HP Inc

Latest Results (25.10.2025):

HP Inc. reported its fiscal 2023 full-year and fourth quarter results, demonstrating resilience in a challenging market. The company exceeded its earnings per share guidance for both the full year and the fourth quarter, while maintaining strong cash flow and returning significant value to shareholders.

Full-Year Earnings Performance

For fiscal year 2023, HP Inc. achieved GAAP diluted net earnings per share of $3.26, surpassing the previous outlook of $2.95 to $3.07. Non-GAAP diluted net EPS was $3.28, aligning with the expected range of $3.23 to $3.35. Despite a 14.6% decline in net revenue to $53.7 billion, the company maintained solid profitability and effectively managed its expenses.

Fourth Quarter Highlights

In the fourth quarter of fiscal 2023, HP Inc. reported GAAP diluted net EPS of $0.97, significantly higher than the projected range of $0.65 to $0.77. Non-GAAP diluted net EPS stood at $0.90, within the expected range of $0.85 to $0.97. Net revenue for the quarter was $13.8 billion, a 6.5% decrease compared to the same period last year.

Cash Flow and Shareholder Returns

HP Inc. generated $3.6 billion in net cash from operating activities and $3.1 billion in free cash flow for fiscal 2023. The company returned $1.1 billion to shareholders through dividends and share repurchases and retired $1.6 billion in long-term debt. In the fourth quarter, $0.3 billion was returned to shareholders, maintaining a strong commitment to shareholder value.

Segment Performance

The Personal Systems segment reported net revenue of $9.4 billion, down 8% year-over-year, while the Printing segment achieved $4.4 billion in net revenue, a 3% decline. Both segments faced challenges, but HP Inc. continued to innovate and focus on key growth areas to drive future performance.

Outlook for Fiscal 2024

Looking ahead to fiscal 2024, HP Inc. anticipates GAAP diluted net EPS between $2.68 to $3.08 and non-GAAP diluted net EPS from $3.25 to $3.65. The company expects to generate free cash flow in the range of $3.1 to $3.6 billion, emphasizing a focus on profitable growth, cost reduction, and continued shareholder returns.