Welcome to our dedicated page for HP news (Ticker: HPQ), a resource for investors and traders seeking the latest updates and insights on HP stock.
HP Inc. (NYSE: HPQ) is a global leader in technology innovation, creating products and solutions designed to improve life for everyone, everywhere. Founded in 1939 and known initially as Hewlett-Packard, HP is a dominant force in the PC and printing markets. Since its split from Hewlett Packard Enterprise in 2015, HP has focused on providing advanced computing and printing products, particularly for commercial markets, while also offering consumer devices and printers.
HP's extensive product portfolio includes personal computers, printers, and 3D printing solutions, catering to a diverse and global customer base. The company operates in more than 170 countries, with only one-third of its sales coming from the US. HP's operations are heavily reliant on channel partners for sales and marketing, and its manufacturing processes are entirely outsourced.
HP is committed to sustainability and innovation, continuously reinventing its product offerings to meet the evolving needs of customers. The company's latest achievements include the introduction of the industry's first role-based AI partner training and certification program through the Amplify Partner Program. This initiative aims to equip channel partners with the knowledge and tools needed to leverage HP's broad portfolio of over 100 AI-enabled solutions.
HP's financial performance remains robust, with a strong focus on profitability and growth. In its fiscal 2024 second quarter, the company reported net revenue of $12.8 billion. HP continues to invest in AI and hybrid work solutions, unveiling the industry's largest portfolio of AI PCs and launching innovative products such as the HP OmniBook X AI PC and HP EliteBook Ultra AI PC, designed to enhance productivity and creativity in hybrid work environments.
HP's strategic partnerships and collaborations, such as the recent establishment of the HKPC-HP 3D Printing Technology Centre in Hong Kong, highlight its commitment to driving technological advancement and fostering sustainable development. This initiative is expected to accelerate the adoption of 3D printing technologies, benefiting various industries and supporting Hong Kong's industrial transformation.
Moreover, HP's dedication to security is evident in its HP Wolf Pro Security suite, which was recently recognized as a top product for corporate endpoint protection by AV-TEST. This suite offers advanced threat protection capabilities, making it an efficient and cost-effective option for small and mid-sized businesses.
HP's focus on innovation, sustainability, and partner growth positions it as a leader in the technology industry, continuously pushing the boundaries to create technology that makes life better for people all around the world.
HP Inc. (NYSE: HPQ) and the HP Foundation have launched the 2025 Digital Equity Accelerator, targeting nonprofits in Greece, Indonesia, Nigeria, and Spain. The program aims to bridge the digital divide by supporting organizations that help disconnected youth and adults acquire digital skills.
Selected nonprofits will receive USD $100,000 in grants, HP technology worth approximately USD $100,000, and six months of programmatic support. Applications are open until February 12, 2025. The initiative has already helped 27 organizations expand their reach by over 9 million in its first three years.
The program addresses significant digital equity gaps in the target countries, where challenges include: Greece's 52% basic digital skills rate, Indonesia's 25.80% youth NEET rate, Nigeria's 28% internet usage despite having Africa's largest ICT market, and Spain's digital disparities among children and older generations.
HP Inc. (NYSE: HPQ) has announced the appointment of Carol Surface as Chief People Officer, effective March 24. Surface joins HP from Apple, where she served as Chief People Officer. Her extensive career includes roles as CHRO at Medtronic and Best Buy, and senior leadership positions at PepsiCo.
Surface will succeed Kristen Ludgate, who is retiring after four years leading the People Organization. Surface brings significant experience in building high-performance teams and leading operating model transformations in global environments. She holds a Ph.D. in industrial organizational psychology from Central Michigan University and is a Fellow of the National Academy of Human Resources.
HP CEO Enrique Lores emphasized the company's focus on leading the Future of Work, with culture and talent development as essential components of this strategy.
HP Inc. (HPQ) unveiled new gaming products at CES 2025, headlined by the groundbreaking OMEN AI Beta, the world's first AI-driven 1-click performance optimization tool. The company introduced the OMEN MAX 16, their most powerful gaming laptop yet, featuring Intel Core Ultra 9 or AMD Ryzen AI 9 processors and NVIDIA Blackwell RTX 50 Series GPUs.
The laptop includes innovative features like OMEN Cryo Compound for improved cooling, Ultra Low Latency Gen 3 technology for peripheral connectivity, and starts at $1,699.99. HP also announced the OMEN 32x Smart Gaming Monitor with Google TV integration, priced at $749.99, and the new HyperX Pulsefire Saga gaming mice series with modular customization options, starting at $79.99.
HP Inc. (HPQ) unveiled its latest AI-powered products at CES 2025, introducing several groundbreaking devices. The company launched the HP EliteBook Ultra G1i, marketed as the world's most immersive AI business notebook, featuring up to 48 TOPS of NPU performance and a 9MP camera.
The lineup includes the HP ZBook Ultra G1a, positioned as the world's most powerful 14-inch mobile workstation, and the HP Z2 Mini G1a, claimed to be the world's most powerful mini workstation. Both devices feature AMD Ryzen™ AI Max PRO processors and up to 128GB unified memory.
HP also introduced the Thunderbolt 4 G6 Docks, the first docks with proximity activation, and announced plans to launch its first 18-inch mobile workstation in spring 2025. New products include Poly Voyager Legend headsets and wireless peripherals, with the EliteBook Ultra G1i starting at $2,019, EliteBook X G1i at $1,999, and EliteBook X Flip G1i at $2,249.
HP Inc. (HPQ) released a new cybersecurity report highlighting significant platform security gaps across device lifecycles. The study, based on feedback from 800+ IT decision-makers and 6000+ remote workers, reveals that 81% of IT professionals believe hardware and firmware security must become a priority, yet 68% report it's often overlooked in device ownership costs.
Key findings include: 34% of suppliers failed cybersecurity audits, 53% report weak BIOS password practices, over 60% delay firmware updates, and lost/stolen devices cost organizations approximately $8.6bn annually. Additionally, 47% cite data security concerns as a major obstacle for device reuse and recycling.
HP Inc. reported fiscal 2024 results with net revenue of $53.6 billion, down 0.3% year-over-year. GAAP diluted EPS was $2.81, exceeding outlook, while non-GAAP EPS reached $3.38. Fourth quarter performance showed improvement with revenue of $14.1 billion, up 1.7% from prior year. The company generated $3.7 billion in operating cash flow and returned $3.2 billion to shareholders through dividends and share repurchases. Personal Systems revenue grew 2% while Printing revenue increased 1%. HP announced a 5% dividend increase and provided fiscal 2025 guidance with non-GAAP EPS expected between $3.45 and $3.75.
HP Inc. (NYSE: HPQ) has announced it will host a live audio webcast to discuss its fourth quarter and fiscal year 2024 financial results on November 26, 2024 at 5:30 p.m. ET / 2:30 p.m. PT. The earnings call webcast will be accessible at www.hp.com/investor/2024Q4Webcast, with a replay available for approximately one year after the event. HP operates in over 170 countries, providing innovative solutions in personal computing, printing, 3D printing, hybrid work, and gaming sectors.
HP Inc. (HPQ) has announced HP Amplify AI, a new partner program launching November 1, 2024, designed to enhance partners' AI capabilities and drive customer adoption. The program includes the HP Amplify AI HUB, offering AI training, certification, and tools for partners to effectively sell AI devices and solutions.
The company is implementing AI-powered tools including a Partner Portal Chatbot and Configured Price Quote platform available in 108 countries. The HP Future Ready AI MasterClass has attracted over 12,000 users, and HP is expanding content availability in multiple languages. Additionally, HP is expanding its Business Partner Program globally to engage a broader ecosystem of partners.
HP Inc. has acquired Vyopta, an Austin-based provider of collaboration management solutions. This acquisition aims to enhance HP's Workforce Experience Platform, launched earlier this year, by incorporating Vyopta's expertise in analytics and monitoring for large, unified communications and collaboration networks.
The integration of Vyopta's capabilities will enable HP to offer customers:
- Enhanced Fleet Management with multi-vendor monitoring and space utilization insights
- End-to-End Insights for visibility across devices, applications, infrastructure, and networks
- AI-Powered Platform with improved Managed Collaboration Solutions integration
- Rebuilt SaaS Platform using modern microservices architecture
This strategic move is expected to strengthen HP's position in the market by providing more comprehensive workplace solutions and improving employee experiences.
HP Inc. (NYSE: HPQ) has unveiled HP Print AI, the industry's first intelligent print experiences designed to transform printing. The key features include:
1. Perfect Output: Ensures prints look perfect every time, reformatting web content and spreadsheets for optimal printing.
2. Customized Support: Simplifies setup and provides personalized assistance using natural language and contextual awareness.
3. Personalized Experiences: Enables easy creation of custom greeting cards and photo projects using conversational prompts.
4. HP Scan AI Enhanced: Automates document scanning and information extraction for businesses.
5. HP Build Workspace: An AI-enabled collaboration ecosystem for design and construction professionals.
HP Print AI is available in beta, with full capabilities expected to launch throughout 2025.
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