HP Q3 2023 Earnings Report
Key Takeaways
HP Inc. reported a net revenue of $13.2 billion, a 9.9% decrease year-over-year, but achieved its non-GAAP EPS target. The company delivered sequential growth, driven by innovation and disciplined execution in the PC market.
GAAP diluted net EPS was $0.76, exceeding the previously provided outlook.
Non-GAAP diluted net EPS was $0.86, aligning with the provided outlook.
Net revenue reached $13.2 billion, reflecting a 9.9% decrease from the prior year.
Free cash flow was $0.9 billion, indicating strong cash generation.
HP
HP
HP Revenue by Segment
Forward Guidance
For the fiscal 2023 fourth quarter, HP estimates GAAP diluted net EPS to be in the range of $0.65 to $0.77 and non-GAAP diluted net EPS to be in the range of $0.85 to $0.97. HP anticipates generating free cash flow of approximately $3.0 billion for fiscal year 2023.
Positive Outlook
- GAAP diluted net EPS to be in the range of $0.65 to $0.77 for Q4 2023
- Non-GAAP diluted net EPS to be in the range of $0.85 to $0.97 for Q4 2023
- Free cash flow of approximately $3.0 billion is anticipated for fiscal year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income