HP Inc.

What does HP Inc. own?
HP Inc. owns the HP brand for personal computers and printing products. The company's PC portfolio includes the Spectre, Envy, Pavilion, OMEN (gaming), EliteBook, ProBook, and Z workstation lines. The printing portfolio includes LaserJet, OfficeJet, DeskJet, and DesignJet printers, plus HP Instant Ink and HP All-In Plan subscription services. HP Inc. also owns the Poly brand (headsets and video conferencing) following its 2022 acquisition.

Is HP Inc. publicly traded?
Yes, HP Inc. is listed on the New York Stock Exchange under ticker HPQ. The company was created in November 2015 when Hewlett-Packard Company split into HP Inc. (PCs and printing) and Hewlett Packard Enterprise (enterprise technology). HP Inc. has no single controlling shareholder, with major institutional holders including Vanguard Group, BlackRock, and State Street.

Who is the CEO of HP Inc.?
Bruce Broussard serves as Interim CEO since February 2026, succeeding Enrique Lores who stepped down after 36 years at HP. Broussard is a board member since 2021 and former CEO of Humana Inc. The board has formed a CEO Search Committee to identify the next permanent CEO. Chip Bergh serves as chairman of the board.

Who founded HP Inc.?
HP Inc. traces its origins to Hewlett-Packard Company, founded in 1939 by Bill Hewlett and Dave Packard in a Palo Alto garage. HP Inc. was created as an independent company in November 2015 when Hewlett-Packard split into two companies.

What is HP Inc.'s annual revenue?
For fiscal year 2025 (ended October 31, 2025), HP Inc. reported net revenue of $55.3 billion, up 3.2% year-over-year. GAAP diluted EPS was $2.65 and non-GAAP diluted EPS was $3.12. Free cash flow was $2.9 billion. For Q1 FY2026, revenue was $14.4 billion (up 6.9% YoY).

What is the Fiscal 2026 Plan?
Announced in November 2025, the Fiscal 2026 Plan is a company-wide restructuring initiative to drive customer satisfaction, product innovation, and productivity through AI adoption. HP expects approximately $1 billion in gross run rate cost savings by the end of fiscal 2028, restructuring charges of approximately $650 million, and a reduction of 4,000 to 6,000 employees globally.

Does HP pay dividends?
Yes, HP Inc. pays quarterly dividends. In November 2025, the company increased its quarterly dividend to $0.30 per share. In FY2025, HP returned $1.9 billion to shareholders through dividends and share repurchases.

The history of HP Inc. begins with Hewlett-Packard Company, founded in a Palo Alto garage in 1939 by Bill Hewlett and Dave Packard. The company's founding story is one of the most celebrated in Silicon Valley history: Hewlett and Packard started the company with $538 in capital and their first product was an audio oscillator, the HP 200A, which Walt Disney Studios purchased for use in the production of Fantasia.

Hewlett-Packard grew through the 1940s and 1950s as a test and measurement equipment company, developing instruments for engineers and scientists. The company went public in 1957 and continued expanding its product range through the 1960s and 1970s.

HP introduced its first scientific calculator, the HP-35, in 1972, making it the world's first handheld scientific calculator. The HP-35 was a landmark product that established HP's reputation for innovative, high-quality technology products.

HP entered the personal computer market in 1980 with the HP-85 and expanded its PC business through the 1980s and 1990s. The company also became a major printer manufacturer, introducing the LaserJet printer in 1984 and the DeskJet inkjet printer in 1988. The LaserJet became one of the most successful product lines in HP's history.

HP acquired Compaq Computer Corporation in 2002 for approximately $25 billion, making HP the world's largest PC manufacturer. The acquisition was controversial, with significant opposition from the Hewlett and Packard families, but ultimately proceeded after a close shareholder vote.

In 2015, Hewlett-Packard Company split into two independent publicly traded companies: HP Inc. (personal computers and printing) and Hewlett Packard Enterprise (enterprise servers, storage, networking, and services). The split was intended to allow each company to focus on its distinct markets and pursue independent strategies.

For fiscal year 2025 (ended October 31, 2025), HP Inc. reported net revenue of $55.3 billion, up 3.2% year-over-year, marking six consecutive quarters of revenue growth. GAAP diluted EPS was $2.65 and non-GAAP diluted EPS was $3.12. The company generated $3.7 billion in net cash from operating activities and $2.9 billion in free cash flow, returning $1.9 billion to shareholders through dividends and share repurchases. AI-enabled PCs reached over 30% of HP's shipments in Q4 FY2025.

In November 2025, HP announced a company-wide restructuring initiative (the Fiscal 2026 Plan) to drive customer satisfaction, product innovation, and productivity through AI adoption. The company expects gross run rate cost savings of approximately $1 billion by the end of fiscal 2028, with restructuring charges of approximately $650 million and a reduction of 4,000 to 6,000 employees globally.

In February 2026, Enrique Lores stepped down as CEO after 36 years at HP. Bruce Broussard was appointed Interim CEO. In Q1 FY2026, HP reported net revenue of $14.4 billion (up 6.9% year-over-year) and non-GAAP diluted EPS of $0.81. In June 2026, HP announced a strategic partnership with OpenAI to integrate its Frontier platform across HP's operations for customer-facing experiences and internal transformation. For FY2026, HP maintains guidance of non-GAAP diluted EPS in the range of $2.90 to $3.20.

HP Inc. has implemented comprehensive sustainability initiatives focused on environmental responsibility, circular economy principles, and ethical business practices. The company's sustainability strategy includes achieving carbon neutrality for global operations by 2030, implementing 75% recycled content in new products by 2030, and expanding the HP Planet Partners recycling program for ink and toner cartridges.

HP maintains ethical standards for manufacturing and supply chain operations, including responsible sourcing, worker safety protocols, and privacy protection for customers. The company's ethical framework includes comprehensive supplier codes of conduct, transparent manufacturing processes, and responsible materials usage throughout its global operations.

The company participates in technology industry sustainability initiatives and collaborates with environmental organizations to advance circular economy practices across the technology sector.

HP Inc. has faced criticism regarding its printer business practices, particularly its use of firmware updates and Dynamic Security features to block the use of third-party ink cartridges. Consumer advocacy groups and regulators in several countries have scrutinized these practices as potentially anti-competitive. The company has also faced class action lawsuits related to Dynamic Security. HP has defended the practice as necessary to protect print quality and prevent damage to printers.

HP's acquisition of Compaq in 2002 (as Hewlett-Packard) was one of the most controversial corporate transactions in Silicon Valley history, with the Hewlett and Packard families publicly opposing the deal. The acquisition ultimately proceeded but was widely regarded as only partially successful.

The company's restructuring plan announced in November 2025, which includes cutting 4,000 to 6,000 jobs globally by FY2028, may face scrutiny from labor groups and regulators in affected countries.