Filing Flows › HP (HPQ) › Q2 FY25
HP (HPQ) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 29, 2025
HP (HPQ) reported revenue of $13.2B for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and -2% from the quarter before. Operating margin was 4.9%, net earnings $406M (3.1% of revenue).
HP, Q2 FY25: revenue $13.2B (+3% year over year), operating margin 4.9%, net earnings $406M, operating cash flow $38.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.2B | -2% | +3% |
| Gross profit | $2.7B | -4% | -9% |
| Operating profit | $654M | -23% | -31% |
| Net earnings | $406M | -28% | -33% |
| Operating cash flow | $38.0M | -90% | -93% |
What changed
Revenue was $13.2B in Q2 FY25, up 3% year over year and down 2% from the previous quarter. Products was the largest line at 94% of revenue. Products added $0.38B year over year (up 3%), 90% of the total change.
Gross margin was 20.7%, down 2.9 points from a year earlier. Operating profit was $0.65B, a 4.9% margin (down 2.5 points year over year). Operating profit fell $0.30B even though revenue rose $0.42B versus a year earlier, so costs grew faster than sales. Operating expenses grew 1% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $0.41B, down 33% year over year. The effective tax rate was 19.8%.
Operating cash flow was $0.04B (down 93% year over year), 9% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization and $0.14B of share-based compensation. Working capital and other items used $0.71B. Capital expenditures of $0.18B exceeded it, leaving free cash flow of −$0.14B.
Questions
What was HP's revenue in the second quarter fiscal 2025?
HP (HPQ) reported revenue of $13.2B for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and -2% from the quarter before.
Was HP profitable in the second quarter fiscal 2025?
Operating profit was $654M (4.9% of revenue) and net earnings $406M.
Source: HP 10-Q on SEC EDGAR.