Q3 2025 HP Inc Earnings Call Transcript
Key Points
- HP Inc (HPQ) delivered a fifth consecutive quarter of growth, with top-line revenue increasing 3% year over year.
- The company achieved double-digit growth in key growth areas, including AI PCs and advanced compute solutions.
- HP Inc (HPQ) successfully mitigated higher trade-related costs by diversifying manufacturing and implementing cost reductions.
- The Personal Systems segment saw a 6% revenue growth year over year, driven by strong demand for AI PCs and Windows 11 refresh.
- HP Inc (HPQ) is on track to achieve $2 billion in future-ready gross annualized savings by the end of fiscal year 2025.
- Print revenue declined 3% in constant currency, with a softer-than-expected demand in the office segment.
- The company faced a more aggressive pricing environment in the Print business, impacting profitability.
- Gross margin decreased year over year due to a higher mix from Personal Systems and increased trade-related costs.
- The Print segment experienced market-driven hardware declines in both consumer and commercial categories.
- HP Inc (HPQ) noted that some companies are delaying IT projects, affecting software demand in hybrid systems.
Good day, everyone, and welcome to the third quarter 2025 HP Inc. earnings conference call. My name is Krista, and I'll be your conference moderator for today's call. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.
I would now like to turn the conference over to Orit Keinan-Nahon, Head of Investor Relations. Please go ahead.
Good afternoon, everyone, and welcome to HP's third-quarter 2025 earnings conference call. With me today are Enrique Lores, HP's President and Chief Executive Officer; and Karen Parkhill, HP's Chief Financial Officer. Before handing the call over to Enrique, let me remind you that this call is a webcast and a replay will be available on our website shortly after the call for approximately one year.
We posted the earnings release and accompanying slide presentation on our Investor Relations webpage at investor.hp.com. As always, elements of this presentation are forward-looking and are based on our best view
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