| (a) | Effective first quarter of fiscal 2023, HP realigned the Personal Systems business units reporting structure into Commercial PS and Consumer PS to align with its customer market segmentation. HP has reflected this change to its prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue and segment earnings from operation, consolidated net revenue, net earnings or net EPS.
|
| (b) | Effective first quarter of fiscal 2023, in connection with organizational realignments, certain costs which were earlier reflected under “Corporate and unallocated cost and other”, have now been reclassified to the Personal Systems and Printing segments. HP has reflected this change to its prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, net earnings or net EPS.
|
| (c) | "NM" represents not meaningful. |
| HP INC. AND SUBSIDIARIES
SEGMENT OPERATING MARGIN SUMMARY (Unaudited) | ||||||||||||
| Three months ended | Change (pts) | |||||||||||
| April 30, 2023 | January 31, 2023 | April 30, 2022 | Q/Q | Y/Y | ||||||||
| Segment operating margin:(a) | ||||||||||||
| Personal Systems | 5.4 | % | 5.4 | % | 6.9 | % | — pts | (1.5) pts | ||||
| Printing | 19.0 | % | 18.9 | % | 19.1 | % | 0.1 pts | (0.1) pts | ||||
| Corporate Investments(b) | NM | NM | NM | NM | NM | |||||||
| Total segment | 10.1 | % | 9.6 | % | 10.3 | % | 0.5 pts | (0.2) pts | ||||
| (a) | Effective at the beginning of the first quarter of fiscal 2023, in connection with organizational realignments, certain costs which were earlier reflected under “Corporate and unallocated cost and other”, have now been reclassified to the Personal Systems and Printing segments. HP has reflected this change to its prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, net earnings or net EPS.
|
| (b) | "NM" represents not meaningful. |
| HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) | ||||||||
| Three months ended | ||||||||
| April 30, 2023 | January 31, 2023 | April 30, 2022 | ||||||
| Numerator: | ||||||||
| GAAP net earnings | $ | 1,066 | $ | 487 | $ | 1,000 | ||
| Non-GAAP net earnings | $ | 797 | $ | 749 | $ | 1,152 | ||
| Denominator: | ||||||||
| Weighted-average shares used to compute basic net earnings per share | 991 | 989 | 1,050 | |||||
| Dilutive effect of employee stock plans (a) | 7 | 7 | 12 | |||||
| Weighted-average shares used to compute diluted net earnings per share | 998 | 996 | 1,062 | |||||
| GAAP diluted net earnings per share | $ | 1.07 | $ | 0.49 | $ | 0.94 | ||
| Non-GAAP diluted net earnings per share | $ | 0.80 | $ | 0.75 | $ | 1.08 | ||
