HP Inc Forecasts 3.6% Revenue Growth After $14.64 Billion Q4
HP reported $14.64 billion in revenue last quarter, up 4.2% year-on-year, but missed both full-year and next-quarter EPS guidance. This quarter’s revenue is forecast to grow 3.6% year-on-year, compared with 2.4% growth in the prior year, with analysts holding estimates steady.
1. Last Quarter Performance
HP Inc generated $14.64 billion in revenue in its last quarter, representing a 4.2% increase year-on-year. Despite the top-line beat, the company missed analysts’ full-year EPS guidance and slightly underperformed on next-quarter EPS estimates.
2. Upcoming Revenue Expectations
For the upcoming quarter, HP’s revenue is expected to grow 3.6% year-on-year, up from 2.4% growth in the same period last year. Analysts have generally reconfirmed their forecasts over the past month, reflecting confidence in HP’s historically reliable revenue delivery.
3. Peer Results Provide Context
Within the hardware & infrastructure segment, Super Micro reported 123% year-on-year revenue growth, exceeding forecasts by 21.5%, while Diebold Nixdorf posted 11.7% revenue growth, matching consensus. Both peers saw share gains following their results, illustrating sector momentum.
4. Outlook Risks and Analyst Targets
Looking ahead, potential trade policy shifts and corporate tax discussions pose risks to business confidence and growth. The hardware group’s shares have fallen 5.9% over the past month, with HP down 5% and carrying an average analyst price target of $23.21 versus its $18.53 share price.