HP Inc. demonstrated strong revenue growth and innovation in personal systems and manufacturing diversification. However, these positive outcomes were offset by challenges related to operating profit shortfall, print revenue decline, and tariff impacts. The company's moderated growth expectations indicate cautious optimism amidst macro uncertainty.

Company Guidance -

Q3 2025

During the second quarter of fiscal year 2025, HP Inc. provided guidance reflecting a dynamic market environment. The company reported a 5% year-over-year revenue increase in constant currency, with strong performance in the Personal Systems division, particularly in commercial PCs, which grew by 9%. However, tariff-related costs impacted HP's non-GAAP operating profit by approximately 100 basis points, resulting in a $0.12 impact on non-GAAP earnings per share. The company expects to mitigate these costs by the fourth quarter through strategic actions such as diversifying its manufacturing footprint and implementing pricing adjustments. HP aims to achieve personal systems operating margins within the 5% to 7% range and anticipates full fiscal year 2025 non-GAAP EPS to be between $3.00 and $3.30. The company continues to focus on growth areas like AI PCs, which are projected to represent over 25% of the PC business by year-end, and plans to achieve $2 billion in gross annual run rate structural savings by the end of fiscal year 2025.

Revenue Growth

HP Inc. delivered revenue growth for the fourth consecutive quarter, with a 5% increase in constant currency year-over-year. Strong growth in personal systems, particularly in commercial and high-value categories, drove this momentum.

Commercial PC Growth

PC commercial revenue grew 9% year-over-year, with strong performance in North America and Asia. The company drove share gains in commercial PC, particularly in premium, workstations, AIPCs, and gaming.

Innovation and AI Integration

HP advanced its strategy to lead the future of work by introducing over 80 new products and services. Notable innovations include the HP workforce experience platform and one of the most comprehensive AI PC portfolios in the industry.

Manufacturing Diversification

HP expanded its manufacturing footprint to Vietnam, Thailand, India, Mexico, and the US. By the end of June, almost all products sold in North America will be built outside of China.

Print Market Share Gains

HP increased market share in high-value print categories, with revenue growth in consumer subscriptions and industrial printing.

HP (HPQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HPQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 27, 2025	2025 (Q3)	0.74 / -	0.83	―	―	―
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)
May 30, 2023	2023 (Q2)	0.76 / 0.80	1.08	-25.93% (-0.28)

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
May 28, 2025	$26.89	$24.67	-8.26%
Feb 27, 2025	$32.42	$30.21	-6.82%
Nov 26, 2024	$37.95	$33.64	-11.36%
Aug 28, 2024	$33.46	$34.13	+2.00%

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.