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HP HPQ Q3 2024 earnings

Reported August 28, 2024 · After market close

Revenue estimate$13.4B
EPS estimate$0.86

Next report

Aug 26, 2026 (in a month)
Revenue estimate$14.3B
EPS estimate$0.66

Financials

Q3 2024

Income statement

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Revenue$13.5B+2.4%
Gross profit$2.9B+3.0%
Operating income$940.0M-1.3%
Net income$640.0M-16.4%
EPS (diluted)$0.65-14.5%

Balance sheet

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Cash & equivalents$2.9B+67.5%
Total debt$12.1B+8.7%
Total equity-$1.4B+38.0%
Total assets$38.1B+3.9%

Cash flow

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Operating cash flow$1.4B+45.9%
CapEx$162.0M+18.2%
Free cash flow$1.3B+50.4%

Valuation & ratios

Valuation

as of 07/31/24
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Market cap$35.51B+8.8%
Enterprise value$44.75B+6.4%
P/E12.5×-1.8×
P/S0.7×+0.1×

Profitability

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Gross margin22.1%+1.6pp
Operating margin7.2%+1.4pp
Net margin5.3%+1.1pp
FCF margin6.6%+1.3pp

Returns & leverage

See full
Current ratio0.7×0.0×

Segments

By segment

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Personal Systems$9.4B+4.9%
Printing$4.1B-2.8%
Corporate Investments$7.0M+600%

By geography

See full
Americas$6.1B
Europe, Middle East and Africa$4.4B
Asia-Pacific and Japan$3.0B

By product

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Services$769.0M-0.6%

Versus estimates

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Questions, answered.

When did HP report Q3 2024 earnings?
HP (HPQ) reported Q3 2024 earnings on August 28, 2024 after market close.
What were HP's Q3 2024 revenue and EPS?
HP reported revenue of $13.5B and diluted EPS of $0.83 for Q3 2024.
Did HP beat estimates in Q3 2024?
Revenue beat the consensus estimate of $13.4B by $93.6M. EPS missed the consensus estimate of $0.86 by $0.03.
Where can I find HP's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000047217-24-000070) directly on SEC EDGAR. The filing index links above go to sec.gov.