[8-K] HP INC Reports Material Event

Rhea-AI Filing Summary

HP Inc. (HPQ) reported a new multi‑year restructuring plan centered on artificial intelligence to improve customer satisfaction, product innovation, and productivity. The plan is expected to generate approximately $1 billion in gross run‑rate savings by the end of fiscal 2028.

To implement this plan, HP anticipates about $650 million in restructuring and other charges, including roughly $550 million of cash expenditures. Around $400 million of these costs relate to workforce reductions of approximately 4,000–6,000 employees by the end of fiscal 2028.

HP also announced that its Board authorized an increase in the planned quarterly cash dividend on common stock, targeting a quarterly dividend of $0.30 per share starting with the first fiscal quarter of 2026, with each payment still requiring formal Board or committee declaration.

Positive

• AI-focused transformation plan targeting approximately $1 billion in gross run‑rate savings by the end of fiscal 2028.
• Higher shareholder returns via a planned increase in the quarterly cash dividend to $0.30 per share starting with the first fiscal quarter of 2026, subject to declaration.

Negative

• Restructuring burden of about $650 million in restructuring and other charges, including roughly $550 million of cash expenditures.
• Workforce reductions projected at approximately 4,000–6,000 employees by the end of fiscal 2028.

Insights

Equity analyst

HP launches AI-driven efficiency plan with sizable charges and a higher dividend.

HP Inc. has approved a restructuring plan focused on artificial intelligence to enhance customer satisfaction, innovation, and productivity. The company targets approximately $1 billion of gross run‑rate savings by the end of fiscal 2028, indicating a significant multi‑year efficiency initiative.

To achieve these savings, HP expects about $650 million in restructuring and other charges, of which roughly $550 million will be cash expenditures. Around $400 million is tied to workforce reductions affecting an estimated 4,000–6,000 employees by the end of fiscal 2028, which represents a meaningful downsizing and near‑term cost burden.

Separately, the Board authorized an increase in HP’s planned quarterly dividend to $0.30 per share beginning with the first fiscal quarter of fiscal 2026, subject to future declarations. This combines a shareholder‑return action with a cost‑reduction program, and the overall impact will depend on how effectively the AI‑driven plan delivers the projected savings over the stated timeframe.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

November 25, 2025

Date of Report (Date of Earliest Event Reported) 

HP Inc.

(Exact name of registrant as specified in its charter)

Delaware

1-4423

94-1081436

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

1501 Page Mill Road,

Palo Alto,

California

94304

(Address of principal executive offices)

(Zip code)

(650) 857-1501

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $0.01 per share			HPQ			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐

Item 2.02.						Results of Operations and Financial Condition.
						The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such filing.
						On November 25, 2025, HP Inc. (“HP”) issued a news release relating to the results of operations for its fiscal quarter and fiscal year ended October 31, 2025. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 2.05						Costs Associated with Exit or Disposal Activities
						On November 25, 2025, the Board of Directors (the “Board”) of HP approved a plan intended to drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement (the “Plan”). HP expects that the Plan will be implemented through fiscal 2028. The Plan is intended to generate estimated gross run rate savings of approximately $1 billion by the end of fiscal 2028. In connection with the Plan, HP anticipates incurring approximately $650 million in restructuring and other charges due to both labor and non-labor actions. HP estimates that approximately $550 million of this amount will be cash expenditures. Of the $650 million, HP expects to incur approximately $400 million in labor costs related to workforce reductions of approximately 4,000 – 6,000 employees by the end of fiscal 2028. The changes to the workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, as appropriate.
Item 7.01						Regulation FD Disclosure.
						The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Exchange Act or the Securities Act, except as shall be expressly set forth by specific reference in such filing.
						On November 25, 2025, HP announced that the Board authorized an increase in HP’s planned quarterly cash dividend amount payable to holders of record of its outstanding common stock, commencing with the dividend for the first fiscal quarter of fiscal year 2026, which would result in a quarterly dividend of $0.30 per share. Each future quarterly dividend must be declared by the Board, or by the Board’s Finance, Investment and Technology Committee pursuant to authority delegated by the Board, out of legally available sources prior to payment.
Item 9.01.						Financial Statements and Exhibits.
(d)						Exhibits
Exhibit Number						Description
99.1						HP Inc. News Release dated November 25, 2025.
104						Cover Page Interactive Data File, formatted in Inline XBRL.

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
			HP Inc.
DATE: November 25, 2025			By:			/s/ JULIE JACOBS
			Name:			Julie Jacobs
			Title:			Chief Legal Officer, General Counsel, and Corporate Secretary

FAQ

What major actions did HP Inc. (HPQ) announce in this Form 8-K?

HP announced a multi‑year AI‑focused restructuring plan targeting $1 billion in gross run‑rate savings by fiscal 2028, along with a planned increase in its quarterly cash dividend to $0.30 per share starting with the first fiscal quarter of 2026, subject to Board or committee declaration.

How much does HP Inc. expect to spend on restructuring under the new plan?

HP expects to incur approximately $650 million in restructuring and other charges related to the plan, and estimates that around $550 million of this amount will be cash expenditures.

How many employees could be affected by HPQ's restructuring plan?

HP estimates workforce reductions of approximately 4,000–6,000 employees by the end of fiscal 2028, with related labor costs of about $400 million.

What dividend change did HP Inc. (HPQ) disclose?

HP disclosed that its Board authorized an increase in the planned quarterly cash dividend on its common stock, aiming for a quarterly dividend of $0.30 per share beginning with the first fiscal quarter of fiscal 2026, with each dividend still requiring formal declaration.

Over what period will HPQ’s AI-driven restructuring plan be implemented?

HP expects that the AI‑driven restructuring plan will be implemented through fiscal 2028, with the goal of achieving the targeted $1 billion gross run‑rate savings by the end of that fiscal year.

Does this filing include HP Inc.'s detailed quarterly and annual financial results?

The filing states that HP issued a news release with results for its fiscal quarter and fiscal year ended October 31, 2025, and that this release is attached as Exhibit 99.1 and incorporated by reference.