HP posted Q2 revenue of $14.41B, up 9% year-over-year, with adjusted EPS of $0.86 beating estimates by $0.14 and returned $374M to shareholders. However, it cut full-year GAAP EPS guidance to $2.15–$2.45 from $2.47–$2.77 and set Q3 EPS guidance of $0.47–$0.63 above consensus.
HP delivered Q2 revenue of $14.41 billion, a 9% increase from the prior year, and reported adjusted earnings per share of $0.86, exceeding consensus estimates of $0.72 per share.
Consumer personal systems revenue rose 10% while commercial systems climbed 14%, offset by flat printing revenue of $4.2 billion and an 18.3% operating margin in the printing segment.
During the quarter, HP returned $374 million to investors through a combination of cash dividends and share repurchases, underscoring its commitment to capital allocation.
HP trimmed its full-year GAAP diluted EPS outlook to $2.15–$2.45 from $2.47–$2.77, issued Q3 EPS guidance of $0.47–$0.63 (GAAP) and $0.61–$0.71 (non-GAAP), and projected full-year non-GAAP EPS of $2.90–$3.10.
