HP Inc. Reports Fiscal 2020 Third Quarter Results

(a) "NM" represents not meaningful.


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

   
  Nine months ended         Change (%)
  July 31, 2020  July 31, 2019  Y/Y
Net revenue:     
Notebooks$18,361   $16,648   10 %
Desktops7,553   8,908   (15)%
Workstations1,461   1,740   (16)%
Other1,190   972   22 %
Personal Systems28,565   28,268   1 %
Supplies8,455   9,762   (13)%
Commercial Hardware2,616   3,429   (24)%
Consumer Hardware 1,744       1,893       (8 ) %
Printing 12,815       15,084       (15 ) %
Corporate Investments (a) 2       2       NM
Total segment net revenue 41,382       43,354       (5 ) %
Other (a) (1 )     (5 )     NM
Total net revenue $ 41,381       $ 43,349       (5 ) %
           
Earnings before taxes:          
Personal Systems $ 1,784       $ 1,342        
Printing 1,782       2,425        
Corporate Investments (42 )     (71 )      
Total segment earnings from operations 3,524       3,696        
Corporate and unallocated cost and other (304 )     (290 )      
Stock-based compensation expense (221 )     (233 )      
Restructuring and other charges (431 )     (141 )      
Acquisition-related charges (14 )     (12 )      
Amortization of intangible assets (84 )     (87 )      
Interest and other, net (15 )     (902 )      
Total earnings before taxes $ 2,455       $ 2,031        

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