Company Overview

HP Inc. is an American multinational information technology company headquartered in Palo Alto, California. It develops personal computers (PCs), printers, related supplies, and 3D printing services. As of 2024, HP Inc. is the world's second-largest personal computer vendor by unit sales, positioned after Lenovo and ahead of Dell.

The company was founded in 2015 when the original Hewlett-Packard Company split into two entities. The enterprise product and business services divisions were spun off into Hewlett Packard Enterprise, while the original company renamed itself HP Inc., retaining the personal computer and printer divisions. HP Inc. serves as the legal successor to the original Hewlett-Packard Company, which was founded in 1939. HP is listed on the New York Stock Exchange (NYSE) and is a constituent of the S&P 500 Index.

Market Position & Business Segments

HP Inc. provides personal computing, printing, 3D printing, hybrid work solutions, gaming technologies, and other related products and services in the United States and internationally. The company's operations are structured into three primary segments:

Personal Systems Segment

This segment offers commercial and consumer desktops, notebooks, workstations, thin clients, retail point-of-sale systems, displays, software, support, and services, including hybrid systems.

Printing Segment

The Printing segment encompasses consumer and commercial printer hardware, supplies, solutions, and services. It also focuses on graphics and 3D printing, as well as personalization solutions for the commercial and industrial markets.

Corporate Investments Segment

This segment is dedicated to business incubation and investment projects, serving individual consumers, small- and medium-sized businesses (SMBs), and large enterprises.

Recent Financial Performance

Fiscal Year 2024 Results (as of November 26, 2024)

HP reported fiscal year 2024 net revenue of $53.6 billion, reflecting a slight decrease of 0.3% from the prior year, demonstrating resilience in a challenging market. Key financial highlights include:

- Earnings Per Share (GAAP): Fiscal 2024 GAAP diluted net earnings per share ("EPS") was $2.81, exceeding the previously provided outlook of $2.62 to $2.72 per share.

- Earnings Per Share (Non-GAAP): Fiscal 2024 non-GAAP diluted net EPS stood at $3.38, within the previously provided outlook of $3.35 to $3.45 per share.

- Cash Flow: Fiscal 2024 generated $3.7 billion in net cash from operating activities, with a free cash flow of $3.3 billion.

- Shareholder Returns: In fiscal year 2024, HP returned $3.2 billion to shareholders through share repurchases and dividends.

Q4 FY2024 Performance

The fourth quarter of fiscal year 2024 showed positive momentum with net revenue reaching $14.1 billion, an increase of 1.7% from the prior-year period. The company also demonstrated strong cash generation, producing $1.5 billion in free cash flow during the quarter.

Market Capitalization & Valuation

As of September 2025, HP Inc. has a market capitalization of approximately $26.98 billion USD. This valuation positions HP as the world's 829th most valuable company according to available data. The market capitalization reflects investor confidence in the company's strategic positioning and operational efficiency.

Strategic Initiatives & Future Outlook

Product Innovation

In May 2024, HP announced a significant restructuring of its consumer PC lineup in preparation for the next generation of AI-enabled computers. Most HP PC models (excluding the Omen gaming line) are expected to adopt a new branding nomenclature under the "Omni" brand, which includes models like the OmniBook (a revival of a brand defunct since 2002), OmniStudio, and OmniDesk.

Shareholder Value Enhancement

HP remains committed to prioritizing shareholder value. The company is well-positioned to deliver solid growth across revenue, non-GAAP net earnings, EPS, and free cash flow in FY25. Reflecting confidence in its future prospects, HP has announced a 5% increase in its annual dividend.

Sustainability Commitment

HP demonstrates a strong commitment to environmental stewardship through its sustainability initiatives, particularly focusing on circularity. The company aims to source 75% of its products and packaging from circular sources by 2030. In recognition of its efforts, EcoVardis scored HP at 90 in 2025 (up from 83 in 2024), awarding HP a platinum award for the 15th consecutive year.

Recent Acquisitions & Strategic Moves

HP has strategically pursued acquisitions to bolster its market position and expand its capabilities:

- February 2022: HP announced the acquisition of Edinburgh-based packaging development company, Choose Packaging, to enhance its capabilities in the sustainable packaging sector.

- March 2022: HP acquired Poly Inc., a California-headquartered communications software and hardware provider, in an all-cash transaction valued at $3.3 billion (enterprise value, inclusive of net debts).

HP Inc. stands as a significant technology leader with a diversified portfolio spanning personal computers, printing solutions, and emerging technologies. The company's focus on innovation, especially in AI-enabled computing, combined with its robust cash generation and dedication to returning value to shareholders, positions it effectively for future growth in the dynamic technology landscape.