Overview

• HP reported $13.22 billion in Q2 revenue, beating analyst estimates, while adjusted EPS of $0.71 fell short of the $0.80 consensus
• The stock plunged about 15% in extended trading after the company missed on earnings and cut full-year guidance
• Full-year adjusted EPS guidance was lowered to $3.00–3.30 per share from a prior $3.45–3.75 range due to higher trade costs
• Tariff-related expenses have hit the Personal Systems segment hardest, compressing profit margins
• HP is expanding production in Vietnam, Thailand, India, Mexico and the U.S. and expects to neutralize tariff costs by fiscal Q4 2025