For the three months ending July 31, HP posted revenue of $13.93 billion, up 3% year-over-year and above Wall Street’s forecast of $13.70 billion, according to LSEG data. The rebound was fueled by renewed momentum in the personal computer market, with many businesses and consumers preparing for Microsoft’s planned end of support for Windows 10 in October 2025. The transition is expected to drive a wave of system upgrades as users move to Windows 11 for security compliance and new features.
“We remain confident in the strength of the PC market opportunity and expect continued momentum from Windows 11 refresh and AI PC adoption,” said Karen Parkhill, HP’s Chief Financial Officer.
The company’s personal systems unit, which includes consumer and commercial PCs, reported a 6% revenue gain to $9.93 billion. In contrast, the printing division continued to face pressure, with sales down 4% to $4 billion, underscoring the challenges in that segment despite ongoing demand for office solutions.
Looking ahead, HP projected adjusted fourth-quarter profit of 87 to 97 cents per share, compared with analysts’ estimate of 92 cents. The outlook excludes about 12 cents per share in costs tied to restructuring, acquisitions, intangible amortization, and tax adjustments. For the third quarter, adjusted profit of 75 cents per share was in line with analyst expectations.
The latest results highlight HP’s ability to ride industry tailwinds tied to AI integration and the approaching Windows 11 refresh cycle, even as legacy businesses such as printing weigh on performance. Analysts say the company’s strategic bet on innovation and AI-enabled devices positions it well to compete in a shifting technology landscape.