Hp Inc Stock Price, News & Analysis

HP Inc. (NYSE: HPQ) unveiled over 80 new products and services at its annual Amplify Conference, focusing on AI-powered innovations to shape the future of work. The company introduced the world's largest portfolio of AI PCs, including new HP EliteBooks, EliteDesks, and OmniBooks.

Key announcements include the HP LaserJet Enterprise 8000 Series Printers, the first to protect against quantum computer attacks, and enhanced AI-powered insights in their Workforce Experience Platform. The EliteBook 8 Series features NPU options delivering up to 224% better power efficiency and 43 times faster AI image generation compared to previous models.

HP also launched new gaming hardware, including the OMEN 16 Slim Gaming Laptop with Intel Core Ultra 9 processors and NVIDIA GeForce RTX 5070 GPU, and the HyperX Cloud III S Wireless Gaming Headset offering up to 120 hours of battery life.

HP Inc. (NYSE: HPQ) is hosting its Amplify Conference in Nashville from March 17-19, 2025, focusing on the theme 'Driving the Future Together.' The event will gather 1,500 commercial, retail, alliance, distribution partners and customers to explore AI's impact on work and business.

The conference will showcase more than 80 AI-enabled solutions across a 40,000 square foot exhibit space. Notable speakers include HP CEO Enrique Lores, AMD CEO Dr. Lisa Su, NVIDIA CEO Jensen Huang, and other industry leaders.

The event features sustainability initiatives including elimination of single-use plastics, food donation programs, and eco-conscious venue selection with features like EV charging stations and cooking oil recycling for biofuels.

HP (HPQ) reported Q1 fiscal 2025 results with net revenue of $13.5 billion, up 2.4% year-over-year. The company achieved GAAP EPS of $0.59 and non-GAAP EPS of $0.74, both within previously provided guidance.

Personal Systems revenue grew 5% to $9.2 billion, with Commercial PS revenue up 10% while Consumer PS declined 7%. Printing revenue decreased 2% to $4.3 billion, with Consumer Printing up 5% but Commercial Printing down 7%.

HP generated $70 million in free cash flow and returned $0.4 billion to shareholders through dividends and share repurchases. The company increased its Future Ready plan savings target to $1.9 billion by the end of fiscal 2025.

For fiscal 2025, HP projects GAAP EPS of $2.86-3.16 and non-GAAP EPS of $3.45-3.75, with expected free cash flow of $3.2-3.6 billion.

HP Inc. (NYSE: HPQ) has announced the appointment of Gianluca Pettiti to its Board of Directors, effective immediately. Pettiti currently serves as Executive Vice President and President of Life Sciences, Diagnostics and Applied at Thermo Fisher Scientific Inc.

Board Chair Chip Bergh highlighted Pettiti's global expertise and track record in fostering innovation at the intersection of technology and life sciences. CEO Enrique Lores emphasized Pettiti's international career experience and expertise in AI implementation will contribute to HP's artificial intelligence initiatives and customer experience enhancement.

Pettiti holds a Master of Science in Engineering from Politecnico di Torino and serves as a board member at the Italian Institute of Technology, a leading research institute in robotics and AI. He has authored several articles on AI and digital transformation in healthcare.

HP Inc. (NYSE: HPQ) has announced a definitive agreement to acquire key AI capabilities from Humane for $116 million. The acquisition includes Humane's AI-powered platform Cosmos, technical talent, and intellectual property comprising over 300 patents and patent applications.

The acquired team will form HP IQ, the company's new AI innovation lab, focusing on building an intelligent ecosystem across HP's products and services. The lab will be part of HP's Technology and Innovation Organization, working to develop AI-enhanced devices that can process AI requests both locally and in the cloud.

The transaction is expected to close by the end of February 2025, marking a significant step in HP's transformation into an experience-led company, particularly in areas such as AI PCs, smart printers, and connected conference rooms.

HP Inc. (HPQ) and the Real Madrid Foundation announced a strategic collaboration to promote digital skills and sports initiatives for disconnected communities. The multi-year partnership, part of HP's global technology sponsorship with Real Madrid C.F. announced in February 2024, will initially focus on projects in Spain and Indonesia.

In Spain, HP will support a Red Cross program in Madrid for homeless people, providing hardware, digital literacy, and skills curriculum through HP LIFE, their free business skills platform. In Indonesia, the Harapan Project will receive HP's PCs and educational solutions to benefit learners aged 9-17 across nine villages in the Hu'u district, Sumbawa.

The collaboration aims to combine technology, sports values, and education to generate positive change, focusing on essential values like effort, overcoming challenges, and teamwork while preparing individuals for the future of work.

HP Inc. (NYSE: HPQ) has announced the appointment of Songyee Yoon to its Board of Directors, effective immediately. Yoon is the Founder and Managing Partner of Principal Venture Partners and former President of NCSoft She brings significant expertise in international business, AI, and technology.

Yoon holds a bachelor's degree in electrical engineering from Korea Advanced Institute of Science and Technology, a Juris Doctor from Santa Clara University, and a PhD in Computational Neuroscience from MIT. She serves on MIT's Board of Trustees and was previously a member of South Korea's Presidential Advisory Council for Science and Technology.

As former President and Chief Strategy Officer of NCSoft, she led global expansion and AI integration across multiple countries. Her venture fund, Principal Venture Partners, focuses on AI-native company investments.

HP Inc. (NYSE: HPQ) has announced key dates for its 2025 annual meeting of stockholders. The company's board of directors has set the record date for February 20, 2025, meaning stockholders registered by the close of business on this date will be eligible to receive meeting notices and vote on matters presented at the meeting. The annual meeting is scheduled for April 14, 2025. HP will provide comprehensive information about the meeting agenda and matters for consideration to all stockholders of record.

HP Inc. (NYSE: HPQ) has announced it will hold a live audio webcast to discuss its financial results for the first fiscal quarter ended January 31, 2025. The conference call is scheduled for February 27, 2025 at 5:30 p.m. ET / 2:30 p.m. PT. Investors can access the webcast at www.hp.com/investor/2025Q1Webcast. A replay of the webcast will be available at the same website shortly after the call and will remain accessible for approximately one year.