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Oct 31, 2021
HP Q4 2021 Earnings Report
HP reported strong Q4 2021 results, exceeding previous outlook.
Key Takeaways
HP Inc. reported Q4 2021 net revenue of $16.7 billion, up 9.3% year over year. GAAP diluted net EPS was $2.71, and non-GAAP diluted net EPS was $0.94, both exceeding prior outlook. The company generated $0.9 billion in free cash flow and returned $2.0 billion to shareholders.
Fourth quarter GAAP diluted net EPS was $2.71, above the previously provided outlook of $0.82 to $0.88 per share.
Fourth quarter non-GAAP diluted net EPS of $0.94, above the previously provided outlook of $0.84 to $0.90 per share.
Fourth quarter net revenue of $16.7 billion, up 9.3% from the prior-year period.
Fourth quarter net cash provided by operating activities of $2.8 billion, free cash flow of $0.9 billion.
Revenue by Segment
Forward Guidance
For the fiscal 2022 first quarter, HP estimates GAAP diluted net EPS to be in the range of $0.92 to $0.98 and non-GAAP diluted net EPS to be in the range of $0.99 to $1.05. For fiscal 2022, HP estimates GAAP diluted net EPS to be in the range of $3.86 to $4.06 and non-GAAP diluted net EPS to be in the range of $4.07 to $4.27. For fiscal 2022, HP anticipates generating free cash flow of at least $4.5 billion.
Positive Outlook
- Estimates GAAP diluted net EPS to be in the range of $0.92 to $0.98 for Q1 2022
- Estimates non-GAAP diluted net EPS to be in the range of $0.99 to $1.05 for Q1 2022
- Estimates GAAP diluted net EPS to be in the range of $3.86 to $4.06 for fiscal year 2022
- Estimates non-GAAP diluted net EPS to be in the range of $4.07 to $4.27 for fiscal year 2022
- Anticipates generating free cash flow of at least $4.5 billion for fiscal year 2022
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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