Core Insights - HP reported $14.64 billion in revenue for the quarter ended October 2025, a year-over-year increase of 4.2% [1] - The EPS for the same period was $0.93, unchanged from a year ago, with a surprise of +2.2% compared to the consensus estimate of $0.91 [1] - The reported revenue fell short of the Zacks Consensus Estimate of $14.97 billion, resulting in a surprise of -2.23% [1] Financial Performance Metrics - HP's shares have returned -12.7% over the past month, underperforming the Zacks S&P 500 composite's -1.2% change [3] - The company currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3] Key Operational Metrics - Days in accounts payable: 139 days, slightly above the estimated 137 days [4] - Days of sales outstanding in accounts receivable: 35 days, exceeding the estimated 31.5 days [4] - Days of supply in inventory: 66 days, close to the estimated 67 days [4] Revenue Breakdown - Personal Systems - Commercial PS: $6.97 billion, below the estimated $7.34 billion, with a year-over-year change of +6.9% [4] - Personal Systems - Consumer PS: $3.38 billion, matching the estimated $3.38 billion, with a year-over-year change of +10.2% [4] - Total Personal Systems revenue: $10.35 billion, below the estimated $10.72 billion, with a year-over-year change of +7.9% [4] - Printing - Supplies: $2.76 billion, below the estimated $2.81 billion, with a year-over-year change of -3.6% [4] - Printing - Commercial Printing: $1.21 billion, slightly above the estimated $1.18 billion, with a year-over-year change of -4.2% [4] - Printing - Consumer Printing: $296 million, below the estimated $302.61 million, with a year-over-year change of -8.9% [4] - Total Printing revenue: $4.27 billion, slightly below the estimated $4.29 billion, with a year-over-year change of -4.2% [4] Earnings from Operations - Earnings from operations in Personal Systems: $597 million, below the estimated $632.41 million [4] - Earnings from operations in Corporate Investments: -$34 million, significantly better than the estimated -$156.27 million [4]

Core Insights - HP Inc. reported fiscal 2025 net revenue of $55.3 billion, an increase of 3.2% year-over-year, with a 3.7% increase in constant currency [4][8] - The company experienced a decline in GAAP diluted net EPS to $2.65, down 5.7% from the previous year, while non-GAAP diluted net EPS decreased to $3.12, down 9.0% [5][8] - HP generated $3.7 billion in net cash from operating activities and $2.9 billion in free cash flow for fiscal 2025, returning $1.9 billion to shareholders through dividends and share repurchases [10][8] Financial Performance - Fiscal 2025 GAAP net revenue was $55.3 billion, with a GAAP operating margin of 5.7%, down from 7.1% in the prior year [8][5] - Fourth quarter net revenue reached $14.6 billion, up 4.2% year-over-year, with a GAAP diluted net EPS of $0.84, down from $0.93 [6][7] - Non-GAAP operating margin for fiscal 2025 was 7.4%, a decrease from 8.5% in the previous year [8][5] Cash Flow and Shareholder Returns - HP's net cash provided by operating activities for fiscal 2025 was $3.7 billion, with free cash flow of $2.9 billion [10][8] - The company returned $1.9 billion to shareholders, including $1.1 billion in dividends and $850 million in share repurchases [10][8] - In the fourth quarter, HP generated $1.5 billion in free cash flow and returned $0.8 billion to shareholders [12][8] Strategic Initiatives - HP announced a company-wide initiative aimed at driving customer satisfaction and product innovation through AI, estimating gross run rate savings of approximately $1 billion by the end of fiscal 2028 [20][8] - The initiative will incur approximately $650 million in restructuring costs, with an expected reduction of 4,000-6,000 employees [20][8] - The company plans to increase its quarterly dividend to $0.30 per share, payable on January 2, 2026 [14][8] Outlook - For fiscal 2026, HP estimates GAAP diluted net EPS to be in the range of $2.47 to $2.77 and non-GAAP diluted net EPS to be in the range of $2.90 to $3.20 [18][16] - The company anticipates generating free cash flow between $2.8 billion and $3.0 billion for fiscal 2026 [18][16] - HP's outlook reflects added costs driven by current U.S. trade-related regulations [18][16]

The upcoming report from HP (HPQ) is expected to reveal quarterly earnings of $0.92 per share, indicating a decline of 1.1% compared to the year-ago period. Analysts forecast revenues of $15.02 billion, representing an increase of 6.9% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 1.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prio ...

Summary of Zebra Technologies FY Conference Call Company Overview - **Company**: Zebra Technologies (NasdaqGS: ZBRA) - **Event**: FY Conference Call on November 18, 2025 - **Key Speakers**: Nathan Winters (CFO), Mike Steele (VP of Finance and Investor Relations) Core Industry Insights - **Industry**: Technology and Automation Solutions for Frontline Operations - **Vision**: Transition from "Enterprise Asset Intelligence" to "Enabling Intelligent Operations" to reflect the company's evolution and current offerings [4][6] Key Points and Arguments 1. **Resegmentation of Business**: Zebra has resegmented its operations into two new segments: Connected Frontline and Asset Visibility and Automation, to better align with its current strategy and offerings [6][8] 2. **ELO Acquisition**: The $1.3 billion acquisition of ELO aims to enhance the frontline experience by integrating mobile computing with point-of-sale solutions, expected to generate $400 million in revenue and provide immediate accretive benefits [9][10] 3. **Demand Environment**: The company is experiencing uneven demand across regions, with strong performance in North America and Asia-Pacific, while Europe shows tepid demand, particularly in Germany and France [12][14] 4. **Customer Capital Planning**: Zebra maintains a two- to three-year roadmap with strategic customers, indicating a stable outlook for project deployments, although uncertainty remains regarding the timing of capital expenditures [15][16] 5. **Growth Projections**: The company anticipates a long-term compound annual growth rate (CAGR) of 5%-7%, driven by market leadership in mobile computing and expansion into new markets [25][26] 6. **RFID Technology**: Zebra sees RFID as a significant growth opportunity, with double-digit growth in recent years, emphasizing its role in inventory management and theft prevention [46][48] 7. **Machine Vision**: The integration of machine vision technologies is expected to enhance Zebra's competitive positioning, particularly in high-end inspection markets [52][53] 8. **Healthcare Market**: Adoption in healthcare is slower due to the nature of the industry, but Zebra remains optimistic about long-term growth opportunities, especially with the ELO acquisition [61][63] 9. **Omnichannel Retail**: The company has fully absorbed capacity constraints from previous years and is seeing a return to normal business levels, with ongoing discussions about technology refreshes and new applications [65][67] Additional Important Insights - **Tariff Mitigation**: Zebra has successfully reduced the expected gross profit headwinds from tariffs from $70 million to less than $25 million through proactive pricing and supply chain diversification [31][32] - **AI Integration**: The company is leveraging AI to enhance internal productivity and develop customer-facing applications, focusing on frontline worker solutions [35][39] - **Market Challenges**: Manufacturing remains subdued, with muted growth due to economic uncertainty, particularly in Europe and automotive sectors [57][59] This summary encapsulates the key insights and strategic directions discussed during the Zebra Technologies FY Conference Call, highlighting the company's focus on innovation, market adaptation, and long-term growth potential.

Core Viewpoint - HP's recent earnings report shows mixed results, with earnings per share meeting estimates but revenues slightly missing expectations, leading to a decline in share price over the past month [1][2]. Financial Performance - HP reported Q3 fiscal 2025 earnings of 75 cents per share, matching the Zacks Consensus Estimate, but down from 84 cents per share a year ago [2]. - Revenues for the quarter were $13.93 billion, missing the Zacks Consensus Estimate by 0.19%, and up from $13.52 billion year-over-year [2]. Segment Performance - Personal Systems (PS) revenues, accounting for 71% of net revenues, were $9.9 billion, reflecting a 6% year-over-year increase [3]. - The Printing business, making up 29% of net revenues, generated $4.0 billion, down 4% year-over-year, primarily due to declines in Supplies and Commercial Printing [4]. Geographic Performance - Revenue growth was observed in all regions, with the Americas and EMEA both rising 1.1%, and Asia Pacific & Japan growing 11% year-over-year on a constant currency basis [5]. Operating Margins - The non-GAAP operating margin for Personal Systems was 5.4%, down 120 basis points year-over-year, while the Printing division maintained a non-GAAP operating margin of 17.3% [6]. Cash Flow and Balance Sheet - HP ended the fiscal third quarter with cash and cash equivalents of $2.9 billion, up from $2.7 billion in the previous quarter, and generated $1.66 billion from operating activities [7]. - The company returned $400 million to shareholders through dividends and share repurchases during the quarter [8]. Future Guidance - For Q4 fiscal 2025, HP expects non-GAAP EPS between 87 cents and 97 cents, with anticipated free cash flow for fiscal 2025 in the range of $2.6 billion to $3.0 billion [9]. Market Sentiment - Since the earnings release, estimates have remained flat, indicating a stable outlook from investors [10]. - HP holds a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return from the stock in the coming months [12].

Summary of HP Inc. 2025 Conference Call Company Overview - **Company**: HP Inc. (HPQ) - **Event**: 2025 Conference Call on September 3, 2025 Key Points on Demand and Market Performance - Overall demand has performed in line with expectations, with growth in the Personal Computing market and expected performance in Printing [2][3] - The consumer market for PCs was stronger than anticipated, while the office market for Printing was softer than expected [2][3] - Long-term expectations include continued growth in PCs through 2025 and 2026, while the print market is expected to slightly decline in 2025 and remain similar in 2026 [3] Insights on Personal Computing (PC) Market - Factors driving PC growth include: - Refresh cycle from increased sales during COVID-19 - Transition from Windows 10 to Windows 11, with over 50% of the transition completed [5][6] - Growth in AI PCs, with HP achieving 25% of its mix being AI PCs ahead of schedule [6] - Revenue growth is expected to outpace unit growth due to higher sales in premium categories and related peripherals [8] - Strong growth observed across commercial segments, with education being a notable exception [9] - Geographic performance is strong in Europe, but China shows relative weakness due to economic conditions [10] Pricing and Supply Chain Management - HP has accelerated changes in its supply chain to mitigate tariff impacts, moving production from China to Southeast Asia, Mexico, and the US [13][14] - Price increases have been implemented to offset rising costs, with expectations that the market will adjust accordingly [15] - The company aims for profitable growth rather than market share for its own sake [15] AI PC Adoption and Use Cases - AI PCs are expected to drive demand through new applications and enhanced performance of existing software [19][20] - HP is focusing on security and performance as key differentiators in the AI PC market [26] Printing Business Outlook - The print business faces secular challenges, with expected declines in 2025 and 2026, but usage metrics remain stable [41][42] - Customers are prioritizing investments in AI and PCs over print installations [43] - HP's supplies business is performing as expected, with a mid-single-digit decline projected [52] - Competitive pressures from Japanese companies and pricing strategies are being monitored [54] Innovations and Subscription Models - AI innovations in printing include features like "perfect print," which enhances user experience [58][59] - HP has around 13 million subscribers for its printing services, with a growing portfolio that includes all-in subscription models [61][63] - The shift towards integrated printer and supply models is expected to enhance customer convenience and retention [67] Conclusion and Investor Insights - HP has demonstrated operational resilience in a fluid market environment and continues to focus on innovation in AI and the future of work [81] - The company aims to return 100% of free cash flow to investors if leverage remains below 2, emphasizing a shareholder-friendly capital approach [81]

Core Insights - HP Inc. reported third-quarter fiscal 2025 earnings of 75 cents per share, matching the Zacks Consensus Estimate, but down from 84 cents per share a year ago [1][10] - The company has missed the Zacks Consensus Estimate in each of the last four quarters, with an average negative surprise of 4.3% [1] Revenue Performance - HP's revenues for the quarter reached $13.93 billion, slightly missing the Zacks Consensus Estimate by 0.19%, compared to $13.52 billion in the same quarter last year [2][10] - Personal Systems (PS) revenues, which account for 71% of net revenues, were $9.9 billion, reflecting a 6% year-over-year increase [3] - The Printing business, contributing 29% of net revenues, generated $4.0 billion, down 4% year over year [4] Segment Analysis - In the Personal Systems division, total PC units rose by 5%, with Consumer PS shipments increasing by 8% and Commercial PS shipments by 3% [3] - The Printing division saw declines in Consumer Printing revenues by 8%, Commercial Printing revenues by 3%, and Supplies revenues by 4% [4] - Revenue growth was observed in all geographic regions, with Asia Pacific & Japan growing by 11% year over year [5] Operating Results - The non-GAAP operating margin for Personal Systems was 5.4%, down 120 basis points year over year, while the Printing division maintained a non-GAAP operating margin of 17.3% [6] - Overall, HP's non-GAAP operating margin from continuing operations was 7.1%, contracting 110 basis points compared to the prior year [6] Cash Flow and Shareholder Returns - HP ended the fiscal third quarter with cash and cash equivalents of $2.9 billion, up from $2.7 billion in the previous quarter [7] - The company generated $1.66 billion in cash from operating activities and delivered $1.47 billion in free cash flow, a significant improvement from negative free cash flow in the prior quarter [7][8] - During the quarter, HP returned $400 million to shareholders through dividends and share repurchases [8] Future Guidance - For the fourth quarter of fiscal 2025, HP expects non-GAAP EPS between 87 cents and 97 cents, with a Zacks Consensus Estimate for revenues at 89 cents [11] - The company anticipates free cash flow for fiscal 2025 to be in the range of $2.6 billion to $3.0 billion [11]

Core Insights - HP reported revenue of $13.93 billion for the quarter ended July 2025, a year-over-year increase of 3.1%, with EPS of $0.75 compared to $0.83 a year ago, falling short of the Zacks Consensus Estimate of $13.96 billion by -0.19% [1] Financial Performance - The stock has returned +5.2% over the past month, outperforming the Zacks S&P 500 composite's +1.3% change, and currently holds a Zacks Rank 3 (Hold) [3] Key Metrics - Days in accounts payable: 138 days, above the average estimate of 133 days - Days of sales outstanding in accounts receivable: 33 days, slightly above the average estimate of 32 days - Days of supply in inventory: 68 days, in line with the average estimate of 69 days [4] Personal Systems Revenue - Net revenue from Commercial Personal Systems: $7.04 billion, below the average estimate of $7.11 billion, representing a +5.4% change year-over-year - Net revenue from Consumer Personal Systems: $2.9 billion, slightly above the average estimate of $2.89 billion, with a +7.5% year-over-year change - Total Net revenue from Personal Systems: $9.93 billion, below the average estimate of $10 billion, with a +6% year-over-year change [4] Printing Revenue - Net revenue from Printing Supplies: $2.6 billion, above the average estimate of $2.58 billion, but a -3.7% change year-over-year - Net revenue from Commercial Printing: $1.11 billion, slightly above the average estimate of $1.1 billion, with a -3% year-over-year change - Net revenue from Consumer Printing: $269 million, below the average estimate of $275.02 million, representing an -8.2% year-over-year change - Total Net revenue from Printing: $3.99 billion, above the average estimate of $3.95 billion, with a -3.8% year-over-year change [4] Earnings from Operations - Earnings from operations in Personal Systems: $541 million, above the average estimate of $529.65 million - Earnings from operations in Corporate Investments: -$32 million, significantly better than the average estimate of -$124.78 million [4]

Core Insights - HP Inc. reported a net revenue of $13.9 billion for Q3 FY25, reflecting a year-over-year increase of 3.1% [3][4] - The company achieved a GAAP diluted net EPS of $0.80, up 23% from $0.65 in the prior year [6][10] - Non-GAAP diluted net EPS decreased to $0.75, down 11% from $0.84 in the previous year [6][10] Financial Performance - GAAP net revenue for Q3 FY25 was $13.9 billion, compared to $13.5 billion in Q3 FY24, marking a 3.1% increase [3][4] - GAAP operating margin decreased to 5.1%, down from 7.0% in the prior year [6][10] - Non-GAAP operating margin was 7.1%, down from 8.2% year-over-year [6][10] - Net earnings for Q3 FY25 were $0.8 billion, up 19% from $0.6 billion in Q3 FY24 [6][10] Cash Flow and Shareholder Returns - Net cash provided by operating activities was $1.7 billion, an increase of 17% from $1.4 billion in the prior year [5][6] - Free cash flow for the quarter was $1.5 billion, up 13% from $1.3 billion in Q3 FY24 [6][7] - The company returned $0.4 billion to shareholders through dividends and share repurchases [6][8] Segment Performance - Personal Systems segment net revenue was $9.9 billion, up 6% year-over-year, with a 5.4% operating margin [14] - Printing segment net revenue was $4.0 billion, down 4% year-over-year, with a 17.3% operating margin [14] - Consumer Printing net revenue decreased by 8%, while Commercial Printing net revenue fell by 3% [14] Outlook - For Q4 FY25, HP estimates GAAP diluted net EPS to be in the range of $0.75 to $0.85 and non-GAAP diluted net EPS to be in the range of $0.87 to $0.97 [10][11] - The company anticipates generating free cash flow between $2.6 billion and $3.0 billion for FY25 [11]

Core Viewpoint - Analysts project that HP (HPQ) will report quarterly earnings of $0.74 per share, reflecting a year-over-year decline of 10.8%, with revenues expected to reach $13.85 billion, an increase of 2.4% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.6% in the past 30 days, indicating a reassessment by covering analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts predict 'Net revenue- Personal Systems- Commercial PS' will reach $7.11 billion, a year-over-year increase of 6.4% [5]. - The estimate for 'Net revenue- Personal Systems- Consumer PS' stands at $2.89 billion, indicating a year-over-year change of 7.4% [5]. - The average prediction for 'Net revenue- Personal Systems' is $10.00 billion, suggesting a year-over-year change of 6.7% [5]. - 'Net revenue- Printing- Supplies' is expected to reach $2.58 billion, reflecting a decline of 4.6% from the prior-year quarter [6]. - 'Net revenue- Printing- Commercial Printing' is forecasted at $1.10 billion, indicating a decrease of 4.2% from the prior-year quarter [6]. - 'Net revenue- Printing- Consumer Printing' is projected at $275.02 million, suggesting a year-over-year decline of 6.1% [7]. - Overall, 'Net revenue- Printing' is expected to reach $3.95 billion, indicating a decline of 4.6% from the year-ago quarter [7]. Operational Metrics - Analysts estimate 'Days in accounts payable' to be 133 days, compared to 131 days in the same quarter of the previous year [8]. - 'Days of sales outstanding in accounts receivable' is expected to reach 32 days, up from 31 days in the year-ago figure [8]. - 'Days of supply in inventory' is projected to be 69 days, compared to 67 days in the same quarter last year [9]. - 'Earnings from operations- Personal Systems' is estimated at $529.65 million, down from $599.00 million in the previous year [9]. - 'Earnings from operations- Printing' is projected at $721.47 million, slightly up from $715.00 million in the prior year [10]. Market Performance - Over the past month, HP shares have recorded returns of 3.5%, outperforming the Zacks S&P 500 composite's 1.1% change [10]. - Based on its Zacks Rank 3 (Hold), HPQ is expected to perform in line with the overall market in the upcoming period [10].