HP Stock Mostly Flat After Q2 Results Beat Estimates: Details

Benzinga05-28 04:45

HP Inc. (NYSE:HPQ) posted its second-quarter results after Wednesday’s closing bell, beating Street estimates on the top and bottom lines.

Here's a look at the details inside the report.

HPQ stock is moving. Watch the price action here.

HP Q2 Details

HP reported quarterly earnings of 86 cents per share, which beat the consensus estimate of 71 cents by 21.13%, according to Benzinga Pro data.

Quarterly revenue came in at $14.41 billion, which beat the Street estimate of $14.04 billion.

HP reported the following second-quarter segment results:

Personal Systems net revenue was $10.2 billion, up 13% year over year, with a 5.2% operating margin. Consumer PS net revenue was up 10% and Commercial PS net revenue was up 14%.
Printing net revenue was $4.2 billion, flat year over year with an 18.3% operating margin. Consumer Printing net revenue was down 10% and Commercial Printing net revenue was flat.

“During the second quarter, we continued executing our future of work strategy through intelligent devices, edge AI, and connected experiences while navigating rising commodity costs,” said Bruce Broussard, Interim CEO of HP.

“We introduced innovations across AI PCs, Z workstations, AI-powered print, and HP IQ that simplify work and improve productivity. These reflect our progress in building intelligent devices and services that capture the value of AI at the edge and support long-term growth,” Broussard added.

Read Also: Marvell Shares Climb After Q1 Results Beat Estimates: Details

HPQ Stock Price Activity: According to data from Benzinga Pro, HP stock was up 0.71% to $25.67 in Wednesday's extended trading.

Photo: Shutterstock

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Consumer PS net revenue was up 10% and Commercial PS net revenue was up 14%. </li>\n<li>Printing net revenue was $4.2 billion, flat year over year with an 18.3% operating margin. Consumer Printing net revenue was down 10% and Commercial Printing net revenue was flat. </li>\n</ul>\n<p>“During the second quarter, we continued executing our future of work strategy through intelligent devices, edge AI, and connected experiences while navigating rising commodity costs,” said <strong>Bruce Broussard</strong>, Interim CEO of HP. </p>\n<p>“We introduced innovations across AI PCs, Z workstations, AI-powered print, and HP IQ that simplify work and improve productivity. 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(NYSE:HPQ) posted its second-quarter results after Wednesday’s closing bell, beating Street estimates on the top and bottom lines. \nHere's a look at the details inside the report. \n\nHPQ stock is moving. Watch the price action here.\n\nHP Q2 Details       \nHP reported quarterly earnings of 86 cents per share, which beat the consensus estimate of 71 cents by 21.13%, according to Benzinga Pro data.\nQuarterly revenue came in at $14.41 billion, which beat the Street estimate of $14.04 billion.\nHP reported the following second-quarter segment results:\n\nPersonal Systems net revenue was $10.2 billion, up 13% year over year, with a 5.2% operating margin. Consumer PS net revenue was up 10% and Commercial PS net revenue was up 14%. \nPrinting net revenue was $4.2 billion, flat year over year with an 18.3% operating margin. Consumer Printing net revenue was down 10% and Commercial Printing net revenue was flat. \n\n“During the second quarter, we continued executing our future of work strategy through intelligent devices, edge AI, and connected experiences while navigating rising commodity costs,” said Bruce Broussard, Interim CEO of HP. \n“We introduced innovations across AI PCs, Z workstations, AI-powered print, and HP IQ that simplify work and improve productivity. These reflect our progress in building intelligent devices and services that capture the value of AI at the edge and support long-term growth,” Broussard added. \n\n\n\nRead Also:\n\nMarvell Shares Climb After Q1 Results Beat Estimates: Details\n\n\n\nHPQ Stock Price Activity: According to data from Benzinga Pro, HP stock was up 0.71% to $25.67 in Wednesday's extended trading.  \nPhoto: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.3","shortVersion":"4.42.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2638639883","isCrawlerRequest":true}