HP Inc. Reports Fiscal 2022 Second Quarter Results

(a)      "NM" represents not meaningful.

HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)

  Six months ended  Change (%)
  April 30, 2022  April 30, 2021  Y/Y
Net revenue:     
  Notebooks$16,155  $14,855  9%
Desktops 5,662   4,625  22%
Workstations 1,028   789  30%
Other 883   889  (1)%
Personal Systems 23,728   21,158  12%
Supplies 6,199   6,483  (4)%
Commercial 2,081    2,042     2%
Consumer   1,514       1,842     (18)%
Printing   9,794       10,367     (6)%
Corporate Investments (a)   1       1     NM
Total segment   33,523       31,526     6%
Other (a)   (5 )     (3 )   NM
Total net revenue $ 33,518     $ 31,523     6%
           
Earnings before taxes:          
Personal Systems $ 1,755     $ 1,468      
Printing   1,837       1,949      
Corporate Investments   (126 )     (62 )    
Total segment earnings from operations   3,466       3,355      
Corporate and unallocated cost and other   (320 )     (244 )    
Stock-based compensation expense   (203 )     (191 )    
Restructuring and other charges   (150 )     (160 )    
Acquisition-related charges   (52 )     (16 )    
Amortization of intangible assets   (104 )     (61 )    
Interest and other, net   (71 )     (51 )    
Total earnings before taxes  $ 2,566     $ 2,632      

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