HP Adjusts Profit Forecast Amid Tariff Challenges

Published 1 days agoHPQ

HP Adjusts Profit Forecast Amid Tariff Challenges

HP Inc. has released its fiscal 2025 second-quarter results, reporting a total revenue of $13.22 billion. This figure slightly exceeded analyst projections of $13.14 billion. The company's Personal Systems segment, which includes desktop and notebook PCs, saw a 7% sales increase year-on-year. However, sales in the Printing segment fell by 4% during the same period, according to Reuters.

In light of ongoing difficulties in the PC market and broader global economic instability, HP has revised its fiscal 2025 profit forecast. The company now anticipates adjusted earnings per share to range between $3.00 and $3.30, down from its initial estimate of $3.45 to $3.75. This adjustment is primarily due to the impact of U.S. tariffs, affecting the cost structure of its Personal Systems segment.

HP has identified U.S. tariffs as a key challenge, leading to increased expenses in the Personal Systems segment. As a strategy to counter these costs, the company is expanding production in countries like Vietnam, Thailand, India, Mexico, and the U.S. Following the earnings announcement, HP's stock experienced a 14% drop in after-hours trading, reflecting investor worries about the adjusted profit outlook and market conditions.

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