HP Q1 2021 Earnings Report
Key Takeaways
HP Inc. reported fiscal 2021 first quarter results with net revenue of $15.6 billion, up 7.0% year over year. GAAP diluted net EPS was $0.83, and non-GAAP diluted net EPS was $0.92.
First quarter GAAP diluted net earnings per share of $0.83, above the previously provided outlook of $0.58 to $0.64 per share
First quarter non-GAAP diluted net EPS of $0.92, above the previously provided outlook of $0.64 to $0.70 per share
First quarter net revenue of $15.6 billion, up 7.0% from the prior-year period
First quarter net cash provided by operating activities of $1.0 billion, free cash flow of $0.9 billion
HP
HP
HP Revenue by Segment
Forward Guidance
For the fiscal 2021 second quarter, HP estimates GAAP diluted net EPS to be in the range of $0.82 to $0.88 and non-GAAP diluted net EPS to be in the range of $0.84 to $0.90. For fiscal 2021, HP estimates GAAP diluted net EPS to be in the range of $2.98 to $3.08 and non-GAAP diluted net EPS to be in the range of $3.15 to $3.25. For fiscal 2021, HP anticipates generating free cash flow of at least $4.0 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income