NYSE$HPQ
Hewlett Packard · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
HP's financial performance for the third quarter of fiscal year 2023 was reported, showing a mix of challenges and strategic execution.
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.
Headline financials
Revenue & EPS history
HP · Revenue · Quarterly
$13.2B
Revenue by segment
HP · $26.4B total across 7 segments · Q3 2023
- Personal Systems$8.93B-11.5%33.8%
- Commercial PS$6.2B—23.5%
- Printing$4.26B-6.8%16.2%
- Supplies$2.77B—10.5%
- Consumer PS$2.73B—10.3%
- Commercial Printing$974M—3.7%
- Consumer Printing$521M—2.0%
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.
Tailwinds
- 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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
-0.3%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-2.0%
Avg return
30 days after
54%
39 / 72 earnings
Positive
+17.8%
Q2 2013
Best reaction
-17.4%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +0.9% | +2.7% | +6.8% | |
| Q4 2025 | +3.0% | +0.3% | -4.4% | |
| Q3 2025 | +4.3% | +6.8% | -1.5% | |
| Q2 2025 | -8.9% | -6.7% | -8.9% | |
| Q1 2025 | +0.1% | +1.8% | -6.2% | |
| Q4 2024 | -11.8% | -9.8% | -14.9% | |
| Q3 2024 | -0.4% | +1.6% | -0.5% | |
| Q2 2024 | +15.8% | +6.6% | +5.7% | |
| Q1 2024 | -1.7% | +0.8% | +4.8% | |
| Q4 2023 | +2.4% | +2.3% | +7.7% | |
| Q3 2023 | -6.5% | -3.1% | -18.4% | |
| Q2 2023 | -7.2% | -2.4% | -3.1% | |
| Q1 2023 | -1.8% | -2.7% | -1.7% | |
| Q4 2022 | +2.6% | +0.4% | -10.5% | |
| Q3 2022 | -8.9% | -12.3% | -20.6% | |
| Q2 2022 | +4.1% | +2.7% | -15.4% | |
| Q1 2022 | -1.1% | +5.5% | +12.7% | |
| Q4 2021 | +11.0% | +8.3% | +17.9% | |
| Q3 2021 | -1.6% | +1.2% | -5.1% | |
| Q2 2021 | -9.1% | -7.2% | -7.6% | |
| Q1 2021 | +3.6% | +7.4% | +13.2% | |
| Q4 2020 | +5.0% | +5.1% | +14.5% | |
| Q3 2020 | +8.3% | +5.1% | -0.2% | |
| Q2 2020 | -12.0% | -11.3% | -2.6% | |
| Q1 2020 | +2.9% | -8.4% | -32.2% | |
| Q4 2019 | -1.8% | -0.3% | +2.7% | |
| Q3 2019 | -6.1% | -6.5% | -2.6% | |
| Q2 2019 | +4.3% | +2.4% | +7.8% | |
| Q1 2019 | -17.4% | -18.3% | -18.7% | |
| Q4 2018 | -1.8% | -0.8% | -13.2% | |
| Q3 2018 | -1.4% | +0.0% | +5.5% | |
| Q2 2018 | +1.1% | +3.5% | +3.5% | |
| Q1 2018 | +4.5% | +11.1% | +3.2% | |
| Q4 2017 | -3.5% | -4.0% | -3.9% | |
| Q3 2017 | +2.1% | +0.8% | +4.8% | |
| Q2 2017 | -3.1% | -2.6% | -6.1% | |
| Q1 2017 | +9.1% | +9.4% | +6.8% | |
| Q4 2016 | -7.1% | -5.1% | -5.4% | |
| Q3 2016 | -1.4% | -1.0% | +3.6% | |
| Q2 2016 | +9.5% | +10.6% | +2.9% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | -11.2% | — | — | |
| Q3 2015 | -1.0% | — | — | |
| Q2 2015 | +5.1% | — | — | |
| Q1 2015 | -9.2% | — | — | |
| Q4 2014 | +4.4% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | +3.7% | — | — | |
| Q1 2014 | +1.1% | — | — | |
| Q4 2013 | +8.0% | — | — | |
| Q3 2013 | -14.0% | — | — | |
| Q2 2013 | +17.8% | — | — | |
| Q1 2013 | +15.0% | — | — | |
| Q4 2011 | -3.1% | — | — | |
| Q4 2012 | -10.3% | — | — | |
| Q3 2012 | -11.5% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | -7.9% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | +2.2% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q1 2009 | +1.1% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q2 2009 | +0.3% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q4 2007 | +0.3% | — | — | |
| Q3 2008 | +2.0% | — | — | |
| Q4 2008 | +2.0% | — | — | |
| Q3 2009 | +2.0% | — | — |
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