What is the market's earnings forecast for HP next quarter?

What were the key takeaways from HP's earnings call?

What is HP's gross profit margin?

What guidance did HP's management provide for the next earnings period?

What were the key takeaways from HP’s earnings call?

What factors drove the changes in HP's revenue and profit?

What is the revenue and EPS growth rate for HP year over year?

What is HP's latest dividend and current dividend yield?

- **Revenue Growth**: Q4 2025 revenue up 4% YoY, driven by 8% growth in Personal Systems and double-digit gains in AI PCs. FY25 key growth areas (AI, print solutions) contributed >1/3 of revenue.
- **AI Transformation**: $1B+ savings target via AI by FY28, with 4,000-6,000 workforce reductions. Internal AI adoption boosted productivity 16%.
- **Memory Headwinds**: FY26 EPS guidance reduced by $0.30 due to rising memory costs (15-18% of PC COGS). First half unaffected by inventory, second half to see margin pressure.
- **Free Cash Flow**: FY26 expected $2.8B-$3.0B, supporting 100% dividend payout. Dividend raised to $0.30/Q, 10th consecutive increase.
- **Strategic Wins**: 10 new customers from top 200 companies in Workforce Solutions. Industrial graphics revenue exceeds $1.8B annually.


**【CEO Summary Section】**
- **Q4 2025 Performance**: Revenue grew 4% YoY, driven by Personal Systems (8% YoY) and AI-powered devices. Non-GAAP EPS was $0.93, above midpoint of guidance. AI PCs represented over 30% of shipments, with double-digit revenue growth in advanced compute solutions.
- **AI Strategy**: Embedding AI into product development, customer service, and operations to achieve $1B in gross savings by FY28, with 4,000-6,000 workforce reductions.
- **Memory Cost Challenges**: Memory costs (15-18% of PC COGS) expected to impact FY26 margins. Mitigation strategies include supplier diversification, redesigns, and price adjustments. First half of FY26 expected to be unaffected due to inventory on hand.
- **FY26 Outlook**: Personal Systems revenue growth driven by Windows 11 refresh (60% installed base converted), AI PCs, and premium devices. Print to grow faster than industry decline via Big Tank and subscriptions. Workforce Solutions to expand recurring revenue.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Revenue $14.2B (4% YoY), Non-GAAP EPS $0.93 (24% sequential increase). Free cash flow $1.6B, FY25 total $2.9B. Dividend raised to $0.30/Q, 10th consecutive increase.
- **FY26 Guidance**: Non-GAAP EPS $2.90-$3.20 (down $0.30 due to memory costs). Free cash flow $2.8B-$3.0B. PS operating margin 5-6% in H1, print margins 16-19%.
- **Cost Management**: Future-ready program delivered $2.2B in savings vs. $1.4B target. Restructuring charges $650M over 3 years, $250M in FY26.

**【Q&A Highlights】**
- **Memory Mitigation**: Workforce Experience platform used to optimize configurations for 2.4M connected endpoints. Pricing adjustments to be tactical, with 30-40% AI PC penetration targeted for FY26.
- **Print Strategy**: Big Tank and industrial printing growth offsetting traditional hardware decline. All-In subscriptions nearing $1B annual revenue. Supplies share gains despite 2% decline.
- **AI Impact**: Internal AI adoption boosted productivity 16%. AI station for edge computing and 49-inch ultra-wide monitor with AI noise reduction showcased innovation.
- **Tariff Considerations**: No immediate PCV inflation concerns. Focus on profitable unit placement in print and premium mix in PS.


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