HP Inc. Reports Fiscal 2021 Second Quarter Results

(a) "NM" represents not meaningful.



HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)

  Six months ended   Change (%)     
  April 30, 2021  April 30, 2020  Y/Y 
Net revenue:     
Notebooks$14,855  $11,057  34%
Desktops4,625  5,332  (13)%
Workstations789  1,033  (24)%
Other889  783  14%
Personal Systems21,158  18,205  16%
Supplies6,483  5,882  10%
Commercial2,042  1,884  8%
Consumer1,842  1,116  65%
Printing10,367  8,882  17%
Corporate Investments(a)1  1  NM
Total segment net revenue31,526  27,088  16%
Other(a)(3)  (1)  NM
Total net revenue$31,523     $ 27,087     16%
               
Earnings before taxes:              
Personal Systems $ 1,468     $ 1,214      
Printing 1,949     1,302      
Corporate Investments (62)     (27)      
Total segment earnings from operations 3,355     2,489      
Corporate and unallocated cost and other (244)     (196)      
Stock-based compensation expense (191)     (172)      
Restructuring and other charges (160)     (372)      
Acquisition-related charges (16)     (3)      
Amortization of intangible assets (61)     (55)      
Interest and other, net (51)     13      
Total earnings before taxes $ 2,632     $ 1,704      

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