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Apr 30, 2024
HP Q2 2024 Earnings Report
HP reported a solid quarter and first half, unveiling an innovative portfolio of solutions designed for the AI and hybrid era.
Key Takeaways
HP Inc. reported fiscal 2024 second quarter net revenue of $12.8 billion, a decrease of 0.8% year-over-year. GAAP diluted net EPS was $0.61, while non-GAAP diluted net EPS was $0.82. The company generated $0.5 billion in free cash flow and returned $0.4 billion to shareholders through dividends and share repurchases.
Second quarter GAAP diluted net EPS was $0.61, within the previously provided outlook of $0.58 to $0.68 per share.
Second quarter non-GAAP diluted net EPS was $0.82, within the previously provided outlook of $0.76 to $0.86 per share.
Second quarter net revenue was $12.8 billion, down 0.8% from the prior-year period.
Second quarter free cash flow was $0.5 billion.
Revenue by Segment
Forward Guidance
For the fiscal 2024 third quarter, HP estimates GAAP diluted net EPS to be in the range of $0.63 to $0.77 and non-GAAP diluted net EPS to be in the range of $0.78 to $0.92. For fiscal 2024, HP estimates GAAP diluted net EPS to be in the range of $2.60 to $2.90 and non-GAAP diluted net EPS to be in the range of $3.30 to $3.60. For fiscal 2024, HP anticipates generating free cash flow in the range of $3.1 to $3.6 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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