HP Q3 2021 Earnings Report
Key Takeaways
HP Inc. reported strong third quarter results, driven by sustained demand for its technology. Net revenue increased by 7.0% year over year, and non-GAAP EPS more than doubled. The company returned $1.7 billion to shareholders through share repurchases and dividends.
GAAP diluted net EPS was $0.92, above the previously provided outlook of $0.77 to $0.81 per share.
Non-GAAP diluted net EPS was $1.00, above the previously provided outlook of $0.81 to $0.85 per share.
Net revenue was $15.3 billion, up 7.0% from the prior-year period.
Free cash flow was $1.0 billion.
HP
HP
HP Revenue by Segment
Forward Guidance
For the fiscal 2021 fourth 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 $3.56 to $3.62 and non-GAAP diluted net EPS to be in the range of $3.69 to $3.75. 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