HP Inc. plans to cut 4,000 to 6,000 jobs and issued a lower-than-expected earnings forecast for the upcoming fiscal year. Shares fell 5% in extended trading. EPS was 93 cents adjusted, slightly above the expected 92 cents, with revenue at $14.64 billion, higher than the expected $14.48 billion. The company cited added costs due to U.S. trade regulations. HP expects to save $1 billion annually by the end of fiscal 2028 and incur $650 million in charges, with $250 million in fiscal 2026. The restructuring is expected to be completed by the end of fiscal 2028. The company previously announced similar layoffs in 2022. HP shares were down 25% for the year as of Tuesday’s close. Executives will discuss the results on a conference call at 5 p.m. ET.

Read more at CNBC: HP (HPQ) Q4 earnings report 2025