NYSE$HPQ

Hewlett Packard · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

HP reported mixed results for Q4 2024, with revenue up but earnings down year-over-year.

HP Inc. reported Q4 2024 net revenue of $14.1 billion, a 1.7% increase year-over-year. GAAP diluted net EPS was $0.93, down from $0.97 in the prior-year period. Non-GAAP diluted net EPS was $0.93, up from $0.90 in the prior-year period. The company also announced a 5% dividend increase.

  • Q4 net revenue increased by 1.7% year-over-year to $14.1 billion.
  • GAAP diluted net EPS decreased to $0.93 from $0.97 year-over-year.
  • Non-GAAP diluted net EPS increased to $0.93 from $0.90 year-over-year.
  • HP Inc. announced a 5% increase in its dividend.

Headline financials

Total Revenue

$14.1B

Previous: $13.8B+1.7%
EPS (adj)

$0.93

Previous: $0.90+3.3%
GAAP Operating Margin

7.1%

Previous: 7.3%-2.7%
Non-GAAP Operating Margin

8.8%

No prior period
Personal Systems Margin

6.2%

No prior period
Printing Operating Margin

19.6%

No prior period
Total Segment Margin

10.2%

No prior period
Net Income

$906M

Previous: $974M-7.0%
Operating Income

$991M

Previous: $1.01B-2.3%
Gross Profit

$3B

Previous: $2.99B+0.5%
R&D Expense

$392M

Previous: $411M-4.6%
Stock-Based Comp

$85M

Previous: $85M+0.0%

Revenue & EPS history

HP · Revenue · Quarterly

$14.1B

Q4 2024+1.7%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

HP · $27.6B total across 7 segments · Q4 2023

  • Personal Systems
    $9.4B-8.5%
  • Commercial PS
    $6.21B
  • Printing
    $4.42B-2.5%
  • Consumer PS
    $3.19B
  • Supplies
    $2.82B+2.7%
  • Commercial Printing
    $1.06B
  • Consumer Printing
    $533M

Forward guidance

For the fiscal 2025 first quarter, HP estimates GAAP diluted net EPS to be in the range of $0.57 to $0.63 and non-GAAP diluted net EPS to be in the range of $0.70 to $0.76. For fiscal 2025, HP estimates GAAP diluted net EPS to be in the range of $3.06 to $3.36 and non-GAAP diluted net EPS to be in the range of $3.45 to $3.75. For fiscal 2025, HP anticipates generating free cash flow in the range of $3.2 to $3.6 billion.

Tailwinds

  • Estimates GAAP diluted net EPS to be in the range of $0.57 to $0.63 for Q1 2025.
  • Estimates non-GAAP diluted net EPS to be in the range of $0.70 to $0.76 for Q1 2025.
  • Estimates GAAP diluted net EPS to be in the range of $3.06 to $3.36 for fiscal year 2025.
  • Estimates non-GAAP diluted net EPS to be in the range of $3.45 to $3.75 for fiscal year 2025.
  • Anticipates generating free cash flow in the range of $3.2 to $3.6 billion for fiscal year 2025.

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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