HP Faces Continued Revenue Decline Amid Weak PC and Printer Demand

Despite a challenging market, HP Inc. remains optimistic about a recovery in PC demand later in 2024, buoyed by the potential of AI computers.

Hewlett Packard Enterprise forecasts Q2 revenue below estimates due to reduced spending on technology solutions amid economic uncertainties.
HP Inc. reports a seventh consecutive quarter of declining revenue, with a 4.4% drop in Q1, as PC and printer demand weakens.
HP Inc. CEO Enrique Lores remains optimistic about a recovery in PC demand later in 2024, highlighting the potential impact of AI computers.
Despite the downturn, HP Inc. sees signs of market stabilization and maintains investments to strengthen its competitive position.
HP Inc. plans to launch an all-in-one print subscription and continues to develop new AI applications for its commercial devices.