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Jul 31, 2022
HP Q3 2022 Earnings Report
HP reported its third quarter fiscal year 2022 results, with EPS above outlook and revenue down 4.1% year over year.
Key Takeaways
HP Inc. announced its fiscal 2022 third quarter results, with a net revenue of $14.7 billion, a decrease of 4.1% year-over-year. The company's GAAP diluted net EPS was $1.08, above the previously provided outlook. HP returned $1.3 billion to shareholders through share repurchases and dividends.
GAAP diluted net EPS was $1.08, exceeding the prior outlook of $0.91 to $0.96 per share.
Non-GAAP diluted net EPS was $1.04, aligning with the previously provided outlook of $1.03 to $1.08 per share.
Net revenue was $14.7 billion, reflecting a 4.1% decrease compared to the prior-year period.
Net cash from operating activities was $0.4 billion, with a free cash flow of $0.3 billion.
Revenue by Segment
Forward Guidance
For the fiscal 2022 fourth quarter, HP estimates GAAP diluted net EPS to be in the range of $0.44 to $0.54, which includes a GAAP-only charge of approximately $0.27 towards acquisition-related charges for Poly, and non-GAAP diluted net EPS to be in the range of $0.79 to $0.89, which includes an incremental approximate $0.05 headwind driven by Poly’s debt-related expenses and other deal-related costs.
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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