HP Q2 2020 Earnings Report
Key Takeaways
HP Inc. reported a decrease in net revenue by 11.2% year-over-year to $12.5 billion. GAAP diluted net EPS was $0.53, above the previously provided outlook. The company faced challenges due to the COVID-19 pandemic but saw strong demand in notebook PC orders and Instant Ink subscriptions.
GAAP diluted net EPS of $0.53, above the previously provided outlook of $0.46 to $0.50 per share
Non-GAAP diluted net EPS of $0.51, within the previously provided outlook of $0.49 to $0.53 per share
Net revenue of $12.5 billion, down 11.2% from the prior-year period
Net cash used in operating activities of $(0.5) billion, free cash flow of $(0.6) billion
HP
HP
HP Revenue by Segment
Forward Guidance
For the fiscal 2020 third quarter, HP estimates GAAP diluted net EPS to be in the range of $0.35 to $0.41 and non-GAAP diluted net EPS to be in the range of $0.39 to $0.45.
Revenue & Expenses
Visualization of income flow from segment revenue to net income