Core Viewpoint - Wall Street analysts express concerns over HP Inc.'s weak earnings report, attributing the disappointing guidance to a lack of a PC upgrade cycle driven by AI devices and rising storage costs due to increased demand for AI computing power [1][3][6] Financial Performance - In Q4, HP's revenue grew by 4.2% to $14.6 billion, slightly above the analyst consensus of $14.5 billion, while adjusted earnings per share (EPS) fell by 3% year-over-year to $0.93, aligning with analyst expectations [1] - For FY2026, HP's profit guidance is projected at $2.90 to $3.20 per share, below the analyst average of $3.32 per share [2] Market Dynamics - A "super cycle" in storage chips is negatively impacting PC and server manufacturers' profit outlooks, with NAND and DRAM prices significantly affecting OEM margins [3][4] - The cost of storage chips can account for 10% to 70% of the bill of materials (BOM) for high-end products, and a 10% increase in storage prices could lead to a 45 to 150 basis point decline in OEM gross margins [3] Competitive Landscape - Major storage companies like Western Digital, Seagate, and SanDisk are benefiting from the AI data center boom, which is driving demand for high-bandwidth memory (HBM) and other storage solutions [4][6] - Analysts have downgraded ratings for several hardware manufacturers, including HP, due to anticipated profit and valuation pressures from rising storage costs [4][5] Analyst Sentiment - Analysts from Evercore ISI and Morgan Stanley have expressed skepticism about HP's fundamentals and stock price outlook, with target prices being lowered significantly [5][6] - Concerns are raised that HP may struggle to pass on rising costs to consumers without negatively impacting demand [7]

This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief:  HP will cut between 4,000 and 6,000 jobs by 2028 due to recent cost headwinds as it invests in AI-enabled initiatives, the company said in a press release and earnings call for its fourth quarter and full fiscal year 2025, which ended Oct. 31. The company reported net revenues of $55.3 billion for its 2025 fiscal year.  The workforce reductions comes as the co ...

Market Overview - The market is experiencing a relief rally, driven by expectations of a potential 25 basis point interest rate cut, which has increased the odds of a rate cut from 35% to over 80% since last Friday [2] - The S&P 500 has risen by 2.5% and the NASDAQ by over 3.3% this week, indicating a possible Santa Claus rally despite negative consumer confidence data [3] Interest Rates and Earnings - The 10-year Treasury yield is at one-month lows, just above 4%, contributing to a supportive environment for equity markets [4] - Earnings reports from companies like Zscaler and NetApp have shown positive movements, further supporting equity markets [5] Nvidia Analysis - Nvidia's stock has shown weakness, dropping below $170 before recovering slightly, attributed to increased competition and pressure from Google’s TPUs [7][8] - Despite positive analyst commentary, Nvidia faces challenges in maintaining its market position amid rising competition and pricing pressures [9][10] - Nvidia's growth rates remain strong, with revenue and EPS growth over 60%, but investor sentiment appears mixed [11] HPQ Quarterly Results - HPQ reported a 4% year-over-year revenue increase to approximately $14.6 billion, but provided softer guidance and announced plans to cut 4,000 to 6,000 jobs, representing up to 10% of its workforce [12][14] - The company faces challenges from rising memory prices, which could impact margins and overall business performance [15][16]

作为此前宣布的重组计划的一部分，惠普公司今年2月已额外裁员1000至2000人。 美国有线电视新闻网（CNN)25日报道，市场对AI赋能个人电脑的需求持续增长；上一财季，此类产品 出货量占惠普总出货量超过30%。 新华财经北京11月26日电美国惠普公司25日说，预计到2028财年将全球裁员4000至6000人，以期精简运 营、采用人工智能（AI)加速产品开发并提高生产率。 惠普首席执行官恩里克·洛雷斯当天在财报电话会议上说："两年前，我们开始一些试点，探索AI如何帮 助我们推动这些方面的发展。我们学到，我们需要从重新设计流程开始。一旦我们知道如何使用AI重 塑流程，特别是代理式AI，它就能真正产生非常重大的影响。" 洛雷斯说，此次裁员将集中在产品开发、内部运营和客户支持团队，预计这一举措将在三年内节省10亿 美元毛运营成本。 根据英国伦敦证券交易所集团汇编的数据，惠普预计2026财年调整后每股收益为2.90至3.20美元，低于 分析师平均预期的3.33美元。美国"商业内幕"网站26日报道，惠普股价今年已累计下跌超过25%。 "商业内幕"网站先前报道，由AI驱动的裁员潮对白领岗位的冲击尤为深重，亚马逊等公司都因 ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: HP expects to reduce its global headcount by 4,000 to 6,000 employees by the end of fiscal year 2028, the technology company said Tuesday. The planned layoff is part of a company-wide initiative “to drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement,” the Palo Alto, California-based supplie ...

Market Overview - US stock index futures are all up ahead of the market opening, with Dow futures rising by 0.15%, S&P 500 futures by 0.30%, and Nasdaq futures by 0.42% [1] - European indices show mixed performance, with Germany's DAX up 0.31%, France's CAC40 up 0.40%, and the UK FTSE 100 down 0.06% [2][3] Oil Prices - WTI crude oil is up 0.09% at $58.30 per barrel, while Brent crude oil is up 0.39% at $62.04 per barrel [3][4] Federal Reserve and Interest Rates - Market expectations for a Federal Reserve rate cut in December have surged to 80%, up from 30% just days prior, driven by mixed employment data and comments from New York Fed President John Williams [5] Stock Market Predictions - JPMorgan strategists predict the S&P 500 index will rise approximately 11% to around 7500 points by the end of 2026, with strong earnings growth expected [6] Pharmaceutical Industry - The US Medicare program is set to negotiate prices for 15 expensive drugs, potentially saving about 36% in costs, which could impact the pharmaceutical industry significantly [7] Credit Risks in Betting Markets - Bank of America warns that the rapid growth of prediction markets and sports betting may lead to increased consumer debt and loan defaults, particularly affecting low-income consumers [8] Company-Specific News - HP Inc. reported a 4.2% increase in sales to $14.6 billion but provided lower-than-expected earnings guidance for 2026, announcing layoffs of up to 6000 employees [9] - Dell Technologies reported a record high Q3 revenue of $27.005 billion, up 11% year-over-year, and raised its full-year guidance [10] - Noah Holdings reported a 52.2% year-over-year increase in Non-GAAP net profit for Q3, supported by its global Booking Center strategy [11] - Li Auto reported a net loss of 624.4 million yuan for Q3, with a 39% year-over-year decrease in vehicle deliveries [12] - Tesla faces declining sales in major markets, with a 48.5% year-over-year drop in Europe for October [13] - Google has made significant strides in AI, launching new software and partnerships, indicating a competitive stance against rivals [14] - Nvidia's stock has dropped 14% this month, raising concerns about its dominance in the AI semiconductor market [15]

Five things to know ahead of today's opening bell. Shares of HP, they are lower following quarterly results. HP giving lower thanex expected earnings projections for its first quarter and all of 2026.It also said it's going to cut 4,000 to 6,000 jobs or up to 10% of its workforce. Meanwhile, take a look at shares of Urban Outfitters as well. Soaring right now, earnings and revenue beating estimates.Comp sales were up a stronger than expected 8%. And we got deer just out with its fourth quarter results, earn ...

HP Inc. (HPQ) - HP shares fell nearly 6% after announcing a weaker-than-expected forecast and plans to cut up to 6,000 jobs [3] - For the first quarter of the next fiscal year, HP expects adjusted earnings between $0.73 and $0.81 per share, with a midpoint of $0.77, slightly below the $0.78 estimate [3] - Despite the weak guidance, HP reported better-than-expected results for the period ending October 31, earning an adjusted $0.93 per share with revenue rising 4.2% year-over-year to $14.64 billion, surpassing analyst expectations of $0.92 per share and $14.53 billion in revenue [4] - HP's CFO stated that the company is taking decisive actions to mitigate cost headwinds and is investing in AI-enabled initiatives to enhance product innovation and customer satisfaction [5] Drug Pricing Negotiations - The Trump administration negotiated a 71% discount on Ozempic and Wegovy for Medicare patients, reducing the price from $959 to $274 for a 30-day supply [6][7] - These price reductions are part of Medicare's drug price negotiation program, expected to save taxpayers $12 billion [7] Foxconn Technology - Foxconn received approval to invest an additional $569 million in Wisconsin to meet the growing demand for AI infrastructure, which will create 1,374 new jobs over the next four years [8][9] - Wisconsin accounts for nearly a quarter of Foxconn's workforce in the U.S., and this investment will double its presence in the state by the end of the decade [9]

惠普当天还公布了其2025财年全年财报，报告显示公司利润为每股3.12美元，同比下降9%。对于2026财年，惠普预计全年利润在每股2.90美元至3.20美元之 间，低于分析师每股3.34美元的预期。 美联社指出，摩根士丹利的分析师此前警告称，由于数据中心需求上升，全球内存芯片价格出现上涨，这可能会推高成本，给惠普、戴尔等消费电子制造商 的盈利带来压力。 转载请注明央视财经 编辑：高佩璐 （央视财经《天下财经》）当地时间25日，美国IT巨头惠普公司发布财报，并公布了一项全面的人工智能转型计划，希望通过人工智能技术降本增效，该公 司当天同时宣布将会在全球范围内裁减大约10%的员工，公司股价在25日盘后一度下跌超过5%。 惠普此举反映了整个科技行业的一个趋势，即企业在大力投资人工智能开发的同时，利用这项技术降低运营成本，行业分析师表示，人工智能自动化对客户 支持、内容审核、数据输入和某些计算机编程任务的影响尤其大。 美国惠普公司25日宣布，计划在2028财年结束前，在全球范围内裁员4000至6000人，并实现每年节约10亿美元的目标。这些节省的资金将来自把人工智能工 具应用于产品开发、客户支持、销售和制造等领域。 ...

Core Insights - HP plans to cut between 4,000 and 6,000 jobs globally by the end of October 2028, as it increasingly adopts AI to enhance product development, which has led to a lower-than-expected profit outlook for the coming year [1][2] - The job cuts are expected to result in annualized savings of $1 billion by 2028, although the restructuring will incur costs of approximately $650 million [2] Company Strategy - The CEO of HP, Enrique Lores, emphasized the significant opportunity to integrate AI into the company to accelerate product innovation, improve customer satisfaction, and enhance productivity [2] - Affected teams will include those involved in product development, internal operations, and customer support [2] Industry Context - The announcement of job cuts at HP aligns with a broader trend where companies are citing AI as a reason for workforce reductions, with other firms like Clifford Chance and PwC also adjusting their staffing in response to technological advancements [4][5] - A report from the National Foundation for Educational Research indicated that up to 3 million low-skilled jobs in the UK could be at risk due to automation and AI by 2035, particularly in trades, machine operations, and administrative roles [3] Financial Performance - HP reported better-than-expected revenues of $14.6 billion for its fourth quarter, with demand for AI-enabled PCs making up over 30% of its shipments during that period [8] - However, rising memory costs, which currently account for 15% to 18% of the cost of a typical PC, could impact profits for HP and its competitors [7][8]