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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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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