HP Inc. reported Q3 2024 revenue of $13.5 billion, up 2.4% year-over-year, driven by a 4.9% increase in Personal Systems revenue to $9.4 billion. Net earnings were $640 million, down from $766 million in Q3 2023. Printing revenue declined 2.8% to $4.1 billion.Personal Systems saw 3.6% higher average selling prices and 1.1% unit volume growth, led by Commercial PCs. Printing was impacted by lower hardware units and supplies revenue. Gross margin improved slightly to 21.5% on disciplined pricing and cost savings, while operating margin decreased to 7.0%.HP returned $2.0 billion to shareholders through $0.8 billion in dividends and $1.2 billion in share repurchases year-to-date. The company increased its share repurchase authorization to $10 billion. HP expects continued demand softness and pricing pressure in the near-term, but remains focused on innovation, cost management and growth in key areas like hybrid systems and services.

HP Inc. reported Q3 2024 revenue of $13.5 billion, up 2.4% year-over-year, driven by a 4.9% increase in Personal Systems revenue to $9.4 billion. Net earnings were $640 million, down from $766 million in Q3 2023. Printing revenue declined 2.8% to $4.1 billion.Personal Systems saw 3.6% higher average selling prices and 1.1% unit volume growth, led by Commercial PCs. Printing was impacted by lower hardware units and supplies revenue. Gross margin improved slightly to 21.5% on disciplined pricing and cost savings, while operating margin decreased to 7.0%.HP returned $2.0 billion to shareholders through $0.8 billion in dividends and $1.2 billion in share repurchases year-to-date. The company increased its share repurchase authorization to $10 billion. HP expects continued demand softness and pricing pressure in the near-term, but remains focused on innovation, cost management and growth in key areas like hybrid systems and services.