Net earnings decreased 33% to $406 million compared to last year.
GAAP EPS of $0.42 was down 31% from the prior-year period.
Adjusted EPS of $0.71 was down 13% from the prior-year period.
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The top line beat estimates while the bottom line fell short.
For the third quarter of 2025, the company expects GAAP EPS of $0.57-0.69 and adjusted EPS of $0.68-0.80.
HP lowered its outlook for fiscal year 2025. GAAP EPS is now expected to be $2.32-2.62 and adjusted EPS is now expected to be $3.00-3.30.
The stock plunged 15% in aftermarket hours on Wednesday on the mixed results and guidance cut.
Prior performance
