Group 1 - HP Inc. will hold a live audio webcast to review its financial results for the third fiscal quarter ending July 31, 2025, on August 27, 2025, at 5:00 p.m. ET / 2:00 p.m. PT [1] - The webcast will be accessible on HP's investor relations website and a replay will be available shortly after the call for approximately one year [1] Group 2 - HP Inc. is a global technology leader operating in over 170 countries, providing a variety of innovative and sustainable devices, services, and subscriptions [2] - The company's offerings include personal computing, printing, 3D printing, hybrid work solutions, and gaming [2]

Group 1 - HP officially launched a comprehensive product matrix covering high-end business laptops, AI all-in-one machines, and intelligent solutions, integrating AI technology with local market needs to drive a revolutionary increase in productivity for enterprises [1] - The new EliteBook series high-end business laptops, Z series AI all-in-one machines, and AI business laptops are designed to provide one-stop solutions for large enterprises and growing teams, leveraging strong hardware and local AI assistants [1][3] - HP collaborates with multiple ISV ecosystem partners to showcase the practical applications of AI in vertical industries such as manufacturing, education, and retail, facilitating the transformation of technology products into industry value [1] Group 2 - On the hardware front, HP introduced several innovative products, including the Z series AI business desktop and the EliteBook X Flip G1i, which features a 360-degree flip design suitable for travel scenarios [3] - HP launched three major modules in AI applications: AI intelligent agents, AI application ecosystem, and AI intelligent services, supporting flexible access to cloud and local large models, along with practical AI training courses [3] - The company emphasizes a customer-centric and scenario-based approach to deepen the commercial value of AI, aiming to transition AI from technological innovation to a productivity engine while promoting sustainable practices in collaboration with ecosystem partners [3]

Financial Data and Key Metrics Changes - The company reported a 5% increase in revenue in constant currency year over year, marking the fourth consecutive quarter of revenue growth [8][22] - Non-GAAP operating profit fell short of expectations due to additional tariff costs, impacting earnings per share by approximately $0.12 [9][22] - Gross margin decreased to 20.7% year over year, influenced by increased tariff and commodity costs [23] Business Line Data and Key Metrics Changes - Personal Systems revenue grew 8% in constant currency, driven by strong commercial performance, with commercial revenue increasing by 9% year over year [10][25] - Print revenue declined 3% in constant currency, with growth in Europe offsetting a slowdown in North America and weak demand in China [12][27] - The company achieved strong growth in consumer subscriptions and industrial graphics within the print segment [13][28] Market Data and Key Metrics Changes - Revenue growth was observed across all regions, with APJ growing 9%, Americas growing 5%, and EMEA growing 1% in constant currency [23] - The company expects the PC market to grow low single digits for the second half of the year, influenced by macroeconomic uncertainties [19][31] Company Strategy and Development Direction - The company is diversifying its manufacturing locations to mitigate geopolitical risks, with plans for nearly all products sold in North America to be built outside of China by June [9][10] - The focus remains on executing the Future Ready Accelerated Plan, aiming for at least $2 billion in gross annual run rate structural savings by the end of fiscal year 2025 [19][28] - The company is committed to leveraging AI to enhance productivity and employee satisfaction, with a comprehensive AI PC portfolio introduced [14][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the dynamic geopolitical landscape and its impact on operating profit, emphasizing the need for cost management and pricing actions [22][23] - The company remains confident in its ability to navigate market uncertainties and achieve long-term sustainable growth [20][34] - Future growth is expected to be driven by strong demand in commercial PCs and the adoption of AI PCs [19][31] Other Important Information - The company returned approximately $400 million to shareholders through dividends and share repurchases [30] - Free cash flow was slightly negative due to timing of payments related to inventory actions taken for tariff mitigation [29][30] Q&A Session Summary Question: Expectations for the PC market in the second half of the year - Management noted strong demand in Q2 but adopted a more prudent outlook for the second half due to economic conditions and price increases [38][39] Question: Size and growth of growth businesses - Growth businesses are performing well, with AIPCs expected to represent over 25% of the PC business by year-end [45][46] Question: Personal Systems margins for the full year - Margins are expected to be in the 5% to 7% range for the full year, likely in the lower half due to Q2 impacts [51][52] Question: AI PCs and their impact on growth - AI PCs are anticipated to drive growth, with significant software support from ISVs [60][62] Question: Mitigation actions for tariff impacts - The company has accelerated the shift of factories out of China and implemented pricing actions to offset tariff costs [70][73]

Q2 FY25 Earnings Announcement May 28, 2025 Forward-looking Statements This presentation contains forward-looking statements based on current expectations and assumptions that involve risks and uncertainties. If the risks or uncertainties ever materialize or the assumptions prove incorrect, they could affect the business and results of operations of HP Inc. and its consolidated subsidiaries ("HP") which may differ materially from those expressed orimplied by such forward-looking statements and assumptions. A ...

Core Viewpoint - HP Inc. is expected to report its second-quarter fiscal 2025 results on May 28, with revenue estimates indicating a 4.3% year-over-year improvement to $13.36 billion, while non-GAAP earnings per share are projected to decline by 2.4% to 80 cents [1][2]. Group 1: Revenue and Earnings Estimates - The Zacks Consensus Estimate for HP's revenues is $13.36 billion, reflecting a 4.3% increase from the prior-year quarter [1]. - Non-GAAP earnings per share are expected to be between 75 cents and 85 cents, with a midpoint of 80 cents, indicating a 2.4% decline from the previous year's EPS of 82 cents [2]. Group 2: Performance Drivers - The Personal Systems segment is anticipated to drive overall performance, with sales estimated at $9.19 billion, representing a 9% year-over-year growth [4]. - The introduction of AI-based computing devices is likely to enhance consumer traction and contribute to top-line growth [5]. - Increased adoption of gaming products, including various gaming laptops and accessories, is expected to positively impact sales [6]. Group 3: Challenges and Market Conditions - Macroeconomic factors such as high interest rates and inflation are likely to negatively affect demand for consumer PCs, with enterprises delaying IT spending due to economic uncertainties [7]. - The Printing division is projected to face challenges from reduced consumer demand in China and competitive pricing, with sales expected to decline by 3% to $4.24 billion [8]. Group 4: Earnings Prediction Insights - Current analysis suggests that HPQ may not achieve an earnings beat, as it holds a Zacks Rank of 3 and an Earnings ESP of -1.25% [9].

Core Insights - ASUS and AMD have launched the ASUS Expert P-series Copilot+ PCs, emphasizing their leadership in the commercial AI PC market [1][2] - The new lineup is powered by AMD Ryzen™ AI 300 Series processors, designed to meet the increasing demands of AI workloads [2] Product Overview - The ASUS ExpertBook P3 Series includes 14-inch and 16-inch variants, featuring AMD Ryzen™ AI PRO 7 processors with a total system performance of up to 66 TOPS [3] - The ASUS ExpertCenter P600 Series is the first all-in-one Copilot+ PC, offering up to 50 TOPS of dedicated NPU power and designed for privacy and performance [5] - The ASUS ExpertCenter P700 Series includes mini tower and small-form factor options, also providing up to 50 NPU TOPS of AI computing power [6] Features and Security - All models in the ASUS Expert P-series come with ASUS AI ExpertMeet and ASUS ExpertGuardian for enhanced collaboration and business-grade security [7] - AI ExpertMeet offers AI-powered translation and meeting summaries, ensuring data privacy by keeping information on-device [8] - ExpertGuardian provides comprehensive protection across hardware, software, and firmware, with compliance to NIST SP 800-155 standards [9] Availability - The ASUS ExpertBook P3 and ExpertCenter P700 will be available for purchase in the United States in the second half of 2025, with further availability details to be announced [10]

Core Viewpoint - HP Inc. will hold a live audio webcast to discuss its financial results for the second fiscal quarter ending April 30, 2025, scheduled for May 28, 2025 [1] Company Overview - HP Inc. is a global technology leader operating in over 170 countries, providing a variety of innovative and sustainable solutions in personal computing, printing, 3D printing, hybrid work, and gaming [2]

Core Insights - HP Inc. and the HP Foundation have selected 8 nonprofit organizations in Greece, Indonesia, Nigeria, and Spain for the 2025 Digital Equity Accelerator, providing each with a USD $100,000 grant, HP technology valued at approximately USD $100,000, and six months of virtual training to enhance capacity and promote digital inclusion [2][3][7] - The Digital Equity Accelerator aims to address a $1 trillion-plus digital divide that restricts billions from accessing education and economic opportunities, thereby empowering disconnected adolescents and adults with necessary tools and training for success in a digital world [3][11] Summary by Category Program Overview - The Digital Equity Accelerator is a joint initiative by HP Inc. and the HP Foundation, designed to help nonprofits scale digital equity programs for disconnected communities, ultimately powering the future of work [7][11] - Since its inception, the Accelerator has supported 27 organizations, expanding their reach to over 9 million individuals across various countries [7][10] Selected Nonprofits - The selected organizations include: - **Socialinnov** in Greece, which has trained over 40,000 individuals in digital skills [8] - **The Smile of the Child (TSoC)**, supporting over 2.2 million people with resources and technology [8] - **Solve Education Foundation** in Indonesia, focusing on empowering youth with 21st-century skills through an AI-powered learning platform [8] - **Markoding**, which has empowered over 35,000 women with STEM training and job opportunities [8] - **AlmaNatura Foundation** in Spain, revitalizing rural areas through education and employment initiatives [13] Commitment to Digital Equity - HP's commitment to digital equity includes a goal to accelerate digital equity for 150 million people by 2030, reflecting its dedication to bridging the digital divide and fostering economic inclusion [11]

Core Insights - HP Inc. and the HP Foundation have selected 8 nonprofit organizations from Greece, Indonesia, Nigeria, and Spain for the 2025 Digital Equity Accelerator, providing each with a USD $100,000 grant, HP technology valued at approximately USD $100,000, and six months of virtual training to enhance digital inclusion [2][8]. Group 1: Digital Equity Accelerator Overview - The Digital Equity Accelerator aims to bridge the digital divide, empowering disconnected adolescents and adults with necessary tools and training for success in a digital world [3][8]. - The initiative addresses a significant digital divide valued at over $1 trillion, which restricts billions from accessing education and economic opportunities [3]. - In its first three years, the Accelerator has helped 27 organizations reach over 9 million people [8][12]. Group 2: Nonprofit Organizations Selected - The selected organizations focus on providing digital skills training and education access to underserved communities [8]. - Notable participants include: - She-Code Africa Women Tech Initiative in Nigeria, which has trained over 62,000 individuals in digital skills since 2016 [7][10]. - Socialinnov in Greece, which has equipped over 40,000 people with digital skills [9]. - Solve Education Foundation in Indonesia, which empowers youth with 21st-century skills through an AI-powered learning platform [9]. - AlmaNatura Foundation in Spain, which revitalizes rural areas through education and sustainability projects [15]. Group 3: HP's Commitment to Digital Equity - HP is committed to bridging the digital divide and aims to accelerate digital equity for 150 million people by 2030 [13]. - The Digital Equity Accelerator is a key initiative in achieving this goal, reflecting HP's dedication to equipping youth and adults with critical digital skills [13].