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Jul 31, 2023
HP Q3 2023 Earnings Report
HP's financial performance for the third quarter of fiscal year 2023 was reported, showing a mix of challenges and strategic execution.
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
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 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