Solid Revenue Growth
HP delivered revenue growth for the fourth consecutive quarter, with a 5% increase in constant currency year-over-year, driven by strong growth in personal systems, particularly in commercial and high-value categories.
Manufacturing Diversification
HP expanded its manufacturing footprint to Vietnam, Thailand, India, Mexico, and the US to mitigate the impact of tariffs. By the end of June, they expect almost all products sold in North America to be built outside of China.
AI and Innovation Advancements
HP introduced a comprehensive AI PC portfolio, redesigned HP EliteBook and EliteDesk, and launched the HP ZGX AI station in collaboration with NVIDIA. The new LaserJet Enterprise devices were also introduced as the first printer designed to guard against quantum computer attacks.
Future-Ready Savings Plan
HP expects to deliver at least $2 billion in gross annual run rate structural savings by the end of fiscal year 2025, exceeding their previous goal.