HP Inc.: Double-Digit Total Returns At These Prices
HP Inc. reported strong Q2 results, surpassing revenue and EPS estimates. The company's performance was bolstered by a favorable revenue mix and growth in AI PC shipments. Management's guidance for Q3 suggests continued positive momentum, projecting significant growth in AI PCs over the coming years.
- ▪HP Inc. achieved a 20% year-over-year increase in non-GAAP EPS.
- ▪The company's stock experienced a 13% rally following the earnings report.
- ▪Management anticipates that AI PCs will account for over 70% of shipments by FY28.
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