Business Segments · Total cost of net revenue
Personal Systems — Total cost of net revenue
HP Personal Systems — Total cost of net revenue increased by 13.1% to $8.86B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 13.1%, from $7.84B to $8.86B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
Rolls up toTotal Cost of Revenue
How to read this metric
An increase relative to revenue suggests margin compression, while a decrease indicates improved manufacturing efficiency or lower component costs.
Detailed definition
Includes the direct costs associated with producing and delivering hardware products, such as raw materials, manufacturi...
Peer comparison
Similar to cost of goods sold (COGS) for hardware-focused technology companies.
Metric ID:
hpq_segment_personal_systems_total_cost_of_net_revenueHistorical Data
10 periods
| Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.57B | $7.57B | $7.57B | $7.57B | $7.60B | $7.60B | $7.60B | $7.60B | $7.84B | $8.86B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.4% | +0.0% | +0.0% | +0.0% | +3.2% | +13.1% |
| YoY Change | — | — | — | — | +0.4% | +0.4% | +0.4% | +0.4% | +3.2% | +13.1% |
Range$7.57B – $8.86B
CAGR+7.3%
Avg YoY Growth+3.0%
Median YoY Growth+0.4%
Current Streak9+ quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is HP's personal systems — total cost of net revenue?
- HP (HPQ) reported personal systems — total cost of net revenue of $8.86B in Q4 2025.
- How has HP's personal systems — total cost of net revenue changed year-over-year?
- HP's personal systems — total cost of net revenue increased by 13.1% year-over-year, from $7.84B to $8.86B.
- What does personal systems — total cost of net revenue mean?
- The direct costs incurred to manufacture and deliver the products sold by the personal systems segment.