HP Inc.：惠普公司（HPQ）：2025财年第二季度初步评估：个人电脑需求和利润率未达预期且下调-20250530

28 May 2025 | 5:02PM EDT HP Inc. (HPQ): F2Q25 First Take: Miss and lower on PC demand & margins Bottom line: HPQ should trade lower on the miss and lower. The miss in the quarter was driven by PC margins, with the lowered guidance reflecting moderated demand due to macroeconomic uncertainty and tariff costs. In particular, HPQ's PC industry outlook is now for LSD% unit growth yoy (v. MSD% prior). Revenue was only in line, despite likely benefiting from some degree of demand pull-forward. On the call, we wil ...