From GlobeNewswire: 2025-02-27 16:15:00

HP reported first quarter net revenue of $13.5 billion, up 2.4% from the prior-year period. GAAP diluted net EPS was $0.59, within the outlook of $0.57 to $0.63 per share. Non-GAAP diluted net EPS was $0.74, within the outlook of $0.70 to $0.76 per share. HP is focused on long-term growth and cost savings. Cash flow provided by operating activities was $0.4 billion in Q1 FY25, with free cash flow of $0.1 billion.

HP’s Personal Systems net revenue was $9.2 billion, up 5% year over year, with a 5.5% operating margin. Printing net revenue was $4.3 billion, down 2% year over year, with a 19.0% operating margin. HP estimates GAAP diluted net EPS for Q2 FY25 to be $0.62 to $0.72 and non-GAAP diluted net EPS to be $0.75 to $0.85. For FY25, HP estimates GAAP diluted net EPS of $2.86 to $3.16 and non-GAAP diluted net EPS of $3.45 to $3.75.

HP’s net cash provided by operating activities in Q1 FY25 was $0.4 billion. HP repurchased $100 million of common stock and paid $0.3 billion in dividends in the quarter. HP exited the quarter with $2.9 billion in gross cash. HP expects to generate free cash flow of $3.2 to $3.6 billion in FY25. HP’s outlook reflects added costs due to U.S. tariff increases on China.

HP’s financial performance for Q1 FY25 was driven by a strong commercial business in Personal Systems and momentum in key growth areas like AI PCs. HP remains focused on disciplined execution and long-term growth. For more information, visit HP’s Investor Relations website or listen to the Q1 FY25 earnings conference call.



Read more at GlobeNewswire:: HP Inc. Reports Fiscal 2025 First Quarter Results