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Apr 30, 2022
HP Q2 2022 Earnings Report
HP reported solid revenue and non-GAAP EPS growth, returning significant capital to shareholders.
Key Takeaways
HP Inc. reported fiscal 2022 second quarter net revenue of $16.5 billion, up 3.9% year over year. Second quarter GAAP diluted net EPS was $0.94, and non-GAAP diluted net EPS was $1.08.
Second quarter GAAP diluted net earnings per share of $0.94.
Second quarter non-GAAP diluted net EPS of $1.08.
Second quarter net revenue of $16.5 billion, up 3.9% from the prior-year period.
Second quarter free cash flow of $0.4 billion.
Revenue by Segment
Forward Guidance
For the fiscal 2022 third quarter, HP estimates GAAP diluted net EPS to be in the range of $0.91 to $0.96 and non-GAAP diluted net EPS to be in the range of $1.03 to $1.08. For fiscal 2022, HP is updating its estimate of GAAP diluted net EPS to be in the range of $3.79 to $3.93 and raising its previous estimate of non-GAAP diluted net EPS to be in the range of $4.24 to $4.38. For fiscal 2022, HP anticipates generating free cash flow of at least $4.5 billion.
Positive Outlook
- Estimates GAAP diluted net EPS to be in the range of $0.91 to $0.96 for Q3 2022.
- Estimates non-GAAP diluted net EPS to be in the range of $1.03 to $1.08 for Q3 2022.
- Updating estimate of GAAP diluted net EPS to be in the range of $3.79 to $3.93 for fiscal year 2022.
- Raising previous estimate of non-GAAP diluted net EPS to be in the range of $4.24 to $4.38 for fiscal year 2022.
- Anticipates generating free cash flow of at least $4.5 billion for fiscal year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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