HP Q4 2023 Earnings Report
Key Takeaways
HP Inc. reported its fiscal year 2023 and fourth-quarter results, with Q4 net revenue at $13.8 billion, a 6.5% decrease year-over-year. The company's GAAP diluted net EPS for Q4 was $0.97, while non-GAAP diluted net EPS was $0.90. HP anticipates FY24 free cash flow between $3.1 to $3.6 billion.
Q4 GAAP diluted net EPS was $0.97, above the previously provided outlook.
Q4 non-GAAP diluted net EPS was $0.90, within the previously provided outlook.
Q4 net revenue was $13.8 billion, down 6.5% from the prior-year period.
HP is entering FY24 with a focus on profitable growth and cost reduction.
HP
HP
HP Revenue by Segment
Forward Guidance
For the fiscal 2024 first quarter, HP estimates GAAP diluted net EPS to be in the range of $0.60 to $0.70 and non-GAAP diluted net EPS to be in the range of $0.76 to $0.86. For fiscal 2024, HP estimates GAAP diluted net EPS to be in the range of $2.68 to $3.08 and non-GAAP diluted net EPS to be in the range of $3.25 to $3.65. For fiscal 2024, HP anticipates generating free cash flow in the range of $3.1 to $3.6 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income