Overview

• Second-quarter revenue rose 3.3% to $13.22 billion, topping estimates, but adjusted earnings fell to $0.71 per share versus the $0.80 forecast.
• Additional U.S. tariff costs eroded non-GAAP operating profit, with CEO Enrique Lores noting higher-than-expected duties in the quarter.
• The company accelerated factory shifts to Vietnam, Thailand, India, Mexico and the U.S., targeting nearly all North America products built outside China by June.
• HP lowered its full-year adjusted earnings outlook to $3.00–$3.30 per share from $3.45–$3.75 as price increases and economic uncertainty weigh on demand.
• Shares slid as much as 15% after hours on tariff concerns, though HP expects to fully mitigate import-duty impacts by the fourth quarter.