AI赋能后，惠普计划全球最多裁员6000人

Core Viewpoint - HP reported better-than-expected revenue for Q4 FY2025, but profits declined, leading to a significant drop in stock price after the announcement [3][4][6]. Financial Performance - Q4 revenue increased by 4% year-over-year to $14.639 billion, surpassing Wall Street's expectation of $14.48 billion, driven by a surge in AI PC sales and the end of Windows 10 support [6][8]. - GAAP net profit for Q4 was $795 million, down from $906 million in the same period last year, with diluted EPS at $0.84 compared to $0.93 a year ago [6][8]. - The Personal Systems segment, which includes laptops and desktops, saw an 8% revenue increase to $10.35 billion, accounting for 70% of total revenue [7][8]. Business Segment Performance - The Printing segment reported Q4 revenue of $4.27 billion, a 4% decline year-over-year, with a gross margin of 18.9% [8]. - For the entire FY2025, HP's revenue was $55.3 billion, a 3.2% increase, but GAAP diluted EPS fell to $2.65 from $2.81 the previous year [8]. Future Outlook - HP expects PC product shipments to grow by 6.6% in FY2025 but anticipates a 2.2% decline in FY2026 due to waning demand for PC upgrades [9][12]. - For Q1 FY2026, HP estimates GAAP diluted EPS between $0.58 and $0.66, which is below analyst expectations [11]. - The company faces challenges from rising storage chip prices, which are expected to continue impacting profit margins [11][12]. Restructuring and Cost-Saving Measures - HP announced a global layoff plan affecting 4,000 to 6,000 employees as part of a strategy to save approximately $1 billion in operational costs by FY2028 [13][14]. - The restructuring will involve teams in product development, internal operations, and customer support, with an estimated cost of $650 million related to these changes [14][15]. AI Integration Strategy - HP is focusing on integrating AI into its products to enhance customer satisfaction and drive innovation, with AI PCs accounting for over 30% of total PC shipments as of Q4 FY2025 [14][15].