惠普公司CEO洛雷斯（Enrique Lores）在财报会上谈及特朗普关税问题时表示，鉴于关税的影响目前尚不清楚，现在就确切说出惠普将如何应对关税还为时过早。不过，HP's performance in the fourth quarter was mixed, with net sales of $14.1 billion, net income of $0.906 billion, slightly better than expected; however, the revenue of the PC department of $9.6 billion fell slightly below expectations with a decline in operating margin. CEO Lores warned that the potential costs brought by Trump's tariffs may be passed on to consumers, meaning that consumer electronics prices in the USA may rise.
After the market closed on Tuesday Eastern Time, the global PC giant $HP Inc (HPQ.US)$ released a mixed fourth-quarter financial report.
With Trump's tariff issue causing global market turbulence, the impact of tariffs on HP became a key topic discussed by HP executives during the financial report conference call.
Trump's tariffs will be paid by consumers.
During the earnings call, HP CEO Enrique Lores mentioned Trump's tariff issue by stating that since the impact of tariffs is currently unclear, it is too early to say exactly how HP will deal with tariffs. However, "Considering the overall profit margin in our product categories, some of the potential tariff costs will have to be passed on to consumers. Yet, we need to wait and see how the final tariffs play out to determine the exact plan."
"Considering the overall profit margin in our product categories, some of the potential tariff costs will have to be passed on to consumers. Yet, we need to wait and see how the final tariffs play out to determine the exact plan."
Lores stated that he looks forward to cooperating with the incoming Trump administration, and hopes that the trade relations between the countries can be maintained smoothly.
"We are a global company, doing business in many places around the world, developing in many places globally, and manufacturing in many places globally. Therefore, for us, a simple way of international trade is preferred."
Earlier that day, the CEO of the USA consumer electronics retailer Best Buy, Corie Barry, expressed similar views during the earnings conference call.
Barry stated that Trump's tariffs will increase prices for American consumers, and personal electronics in the USA may become more expensive, noting that "There are hardly any goods that are not imported in the consumer electronics sector."
HP Inc's earnings report has mixed results.
The earnings report shows that in the fourth quarter ending in late October,
HP Inc's net sales in the fourth quarter were $14.1 billion, a 1.7% year-on-year increase, slightly better than the expected $13.9 billion.
HP Inc's net income for the quarter was $0.906 billion, or 93 cents per share, meeting analyst expectations. Whereas net income in the same period last year was $0.974 billion, or 97 cents per share.
From a divisional perspective,
HP's Personal Systems (including PC) division revenue increased by 2% year-on-year to $9.6 billion, slightly below the analyst's expected $9.7 billion. Among them, consumer PC revenue decreased by 4% year-on-year, while commercial PC revenue increased by 5% year-on-year. The operating margin of the entire PC division saw a significant year-on-year decline, falling from 6.7% in the same period last year to 5.7%.
HP's Printing Systems division revenue increased by 1% year-on-year to $4.5 billion, slightly better than the expected $4.2 billion.
HP's PC division performance trend is similar to the previous quarter, indicating that commercial PC customers are upgrading their computers before Microsoft ends support for Windows 10 in October 2025. Meanwhile, as people await new ai computer releases, consumer PC demand is slightly under pressure.
International Data Corporation (IDC) data shows that global traditional PC shipments in the third quarter were 68.8 million units, down 2.4% year-on-year. IDC explains that sales in the previous quarter were impacted by cost increases and inventory replenishment.
Editor/rice
