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Apr 30
HP Q2 2025 Earnings Report
HP Inc. reported fiscal 2025 second quarter results with a slight increase in net revenue but declines in GAAP and non-GAAP EPS and net earnings.
Key Takeaways
HP Inc. reported fiscal Q2 2025 net revenue of $13.2 billion, up 3.3% year over year. GAAP diluted net EPS was $0.42, down 31%, and non-GAAP diluted net EPS was $0.71, down 13%. Net earnings were $406 million, down 33%.
Net revenue increased by 3.3% year over year to $13.2 billion.
GAAP diluted net EPS decreased by 31% to $0.42.
Non-GAAP diluted net EPS decreased by 13% to $0.71.
Net earnings were $406 million, a 33% decline compared to the prior year period.
HP
HP
HP Revenue by Segment
Revenue by Segment
Personal Systems Revenue
CapyFin.comCommercial PS Revenue
CapyFin.comConsumer PS Revenue
CapyFin.comPrinting Revenue
CapyFin.comSupplies Revenue
CapyFin.comCommercial Printing Revenue
CapyFin.comConsumer Printing Revenue
CapyFin.comCorporate Investments Revenue
CapyFin.com Forward Guidance
For fiscal Q3 2025, HP estimates GAAP diluted net EPS between $0.57 and $0.69 and non-GAAP diluted net EPS between $0.68 and $0.80. For fiscal year 2025, HP estimates GAAP diluted net EPS between $2.32 and $2.62 and non-GAAP diluted net EPS between $3.00 and $3.30. Free cash flow for fiscal 2025 is anticipated to be between $2.6 billion and $3.0 billion.
Positive Outlook
- Anticipated free cash flow of $2.6 billion to $3.0 billion for fiscal 2025.
- Expectation to fully offset trade-related costs by Q4 2025.
- Continued momentum behind future of work strategy.
- Strong Commercial performance in Personal Systems.
- Execution of targeted mitigation strategies.
Challenges Ahead
- Adjusted outlook due to increased macroeconomic uncertainty.
- Moderated demand reflected in the adjusted outlook.
- Net impact of trade-related costs impacting results.
- Third quarter GAAP diluted net EPS outlook is lower than prior year's actuals.
- Third quarter non-GAAP diluted net EPS outlook is lower than prior year's actuals.
Revenue & Expenses
Visualization of income flow from segment revenue to net income