The earnings call highlighted HP's continued growth momentum, driven by strong performance in personal systems and significant progress in cost savings and innovations. However, challenges in the print segment and aggressive pricing environments posed concerns. The company's strategic initiatives and operational efficiencies are well-positioned to address these issues, maintaining a balanced outlook.

Company Guidance

During HP Inc.'s third-quarter 2025 earnings call, the company provided an optimistic outlook for the fourth quarter and beyond, highlighting several key metrics. HP reported a 3% year-over-year increase in top-line revenue, driven by strong performance in personal systems, which saw a 6% revenue growth. The company also noted a sequential improvement in non-GAAP EPS by 6%. HP's operating profit margins for both print and personal systems were aligned with their guidance. The company emphasized its progress toward achieving $2 billion in annualized savings by the end of fiscal year 2025, which is expected to drive further improvements in operating profit. Additionally, HP has successfully diversified its manufacturing to reduce trade-related costs, with nearly all North American products now built outside of China. The company is confident in the continued momentum from the Windows 11 refresh and AITC adoption, projecting mid-single-digit market growth for PCs in the latter half of 2025 and into 2026. Despite a 3% decline in print revenue in constant currency, HP maintained its share position in the office segment and achieved strong growth in key areas such as consumer subscriptions and industrial graphics.

Fifth Consecutive Quarter of Growth

HP delivered a fifth consecutive quarter of growth with a 3% year-over-year increase in top-line revenue, driven by strong performance in personal systems and continued Windows 11 refresh and AITC adoption.

Strong Performance in Personal Systems

Personal systems revenue grew 6% year-over-year, with a shift towards higher-value segments such as AITCs, commercial premium, and services. AIPC category revenue grew double-digit sequentially, surpassing expectations with shipments reaching over 25% of the mix ahead of plan.

Operational Efficiency and Cost Savings

HP is on track to reach its future-ready growth annualized savings of $2 billion by the end of fiscal year 2025, helping drive improvements in operating profit. Manufacturing diversification and cost reduction strategies are mitigating higher trade-related costs.

Innovation in AI-Powered Solutions

HP advanced its portfolio of AI-powered solutions, with notable products like Omnibook 5 notebook and HP Dimension with Google BIM, a video communication tool using AI to enhance collaboration.

Environmental Sustainability Achievements

HP reached 100% renewable electricity across its U.S. operations and 99% of its products incorporate recycled content, marking significant steps toward sustainability goals.

HP (HPQ) Earnings, Revenues Date & History

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HPQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 02, 2025	2025 (Q4)	0.92 / -	0.93	―	―	―
Aug 27, 2025	2025 (Q3)	0.74 / 0.75	0.83	-9.64% (-0.08)
May 28, 2025	2025 (Q2)	0.78 / 0.71	0.82	-13.41% (-0.11)
Feb 27, 2025	2025 (Q1)	0.75 / 0.74	0.81	-8.64% (-0.07)
Nov 26, 2024	2024 (Q4)	0.93 / 0.93	0.9	3.33% (+0.03)
Aug 28, 2024	2024 (Q3)	0.85 / 0.83	0.86	-3.49% (-0.03)
May 29, 2024	2024 (Q2)	0.81 / 0.82	0.8	2.50% (+0.02)
Feb 28, 2024	2024 (Q1)	0.81 / 0.81	0.75	8.00% (+0.06)
Nov 21, 2023	2023 (Q4)	0.90 / 0.90	0.85	5.88% (+0.05)
Aug 29, 2023	2023 (Q3)	0.85 / 0.86	1.04	-17.31% (-0.18)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HPQ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 27, 2025	$26.84	$28.07	+4.58%
May 28, 2025	$26.62	$24.42	-8.26%
Feb 27, 2025	$32.10	$29.91	-6.82%
Nov 26, 2024	$37.57	$33.30	-11.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.