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HP 8-K Report, Financial Results (Nov 25, 2025)

Reports
Earnings & Results·Financial Events·Regulation FD+1
Filing Date
Filed November 25, 2025
Period End
November 25, 2025
Security
HPQ
In the record · 2016–202610-K1310-Q338-K140

HPQ filed 13 annual reports (10-K), 33 quarterly reports (10-Q) and 140 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · May ’18May ’18
  2. Leadership change8-K · Sep ’20Sep ’20
  3. Restructuring8-K · Nov ’22Nov ’22
  4. Leadership change8-K · Feb ’25Feb ’25

01—Abstract

Summary

Summary of the 8-K filed November 25, 2025. Cited figures are marked; the original filing is the authoritative source.

HP Inc. (NYSE: HPQ) filed this Form 8-K on November 25, 2025 to report fiscal 2025 full-year and fourth-quarter results and to disclose a new company-wide cost plan.

For fiscal 2025, net revenue was $55.3 billiona, up 3.2% from the prior year, while GAAP diluted EPS was $2.65, down 5.7%, and non-GAAP diluted EPS was $3.12, down 9.0%. Net cash provided by operating activities was $3.7 billion and free cash flow was $2.9 billion, and the company returned $1.9 billion to shareholders through dividends and share repurchases. Fourth-quarter net revenue was $14.6 billion, up 4.2%, with GAAP diluted EPS of $0.84 and non-GAAP diluted EPS of $0.93.

The Board approved a plan intended to drive customer satisfaction, product innovation and productivity through artificial intelligence adoption and enablement, to be implemented through fiscal 2028. HP estimates gross run rate savings of approximately $1 billionb by the end of fiscal 2028 and expects restructuring and other charges of approximately $650 million, of which about $550 million is expected to be cash. The plan includes approximately $400 million in labor costs tied to workforce reductions of roughly 4,000 to 6,000 employees.

The Board also raised the quarterly cash dividend to $0.30c per share, starting with the first fiscal quarter of 2026. For fiscal 2026, HP guides GAAP diluted EPS to $2.47 to $2.77 and non-GAAP diluted EPS to $2.90 to $3.20, with free cash flow expected at $2.8 to $3.0 billion. The company attributes its outlook in part to the added cost of current U.S. trade-related regulations and associated mitigations.

02—Key points

Key Highlights

  1. Fiscal 2025 net revenue of $55.3 billion, up 3.2% year over year (up 3.7% in constant currency); fourth-quarter net revenue of $14.6 billion, up 4.2%.
  2. Fiscal 2025 GAAP diluted EPS of $2.65, down 5.7%; non-GAAP diluted EPS of $3.12, down 9.0%.
  3. Fiscal 2025 free cash flow of $2.9 billion, with $1.9 billion returned to shareholders through dividends and share repurchases.
  4. New AI-focused plan approved by the Board, with estimated gross run rate savings of approximately $1 billion by the end of fiscal 2028.
  5. Restructuring and other charges of approximately $650 million expected, of which about $550 million is cash; around $250 million is expected in fiscal 2026.
  6. Workforce reductions of approximately 4,000 to 6,000 employees, with about $400 million of labor costs, by the end of fiscal 2028.
  7. Quarterly dividend increased to $0.30 per share from the first fiscal quarter of 2026; fiscal 2026 non-GAAP diluted EPS guided to $2.90 to $3.20.

03—Questions

Frequently Asked Questions

  1. What is the new cost plan HP announced and how much will it save?

    The Board approved a plan intended to drive customer satisfaction, product innovation and productivity through artificial intelligence adoption and enablement, to be implemented through fiscal 2028. HP estimates gross run rate savings of approximately $1 billion by the end of fiscal 2028.

  2. What charges and job cuts are associated with the plan?

    HP anticipates approximately $650 million in restructuring and other charges, of which about $550 million is expected to be cash expenditures. Approximately $400 million relates to labor costs tied to workforce reductions of roughly 4,000 to 6,000 employees by the end of fiscal 2028. Changes will vary by country based on local legal requirements and consultations with employee representatives.

  3. Is HP changing its dividend?

    Yes. The Board authorized an increase in the planned quarterly cash dividend to $0.30 per share, commencing with the dividend for the first fiscal quarter of fiscal 2026. The dividend is payable January 2, 2026 to holders of record as of December 11, 2025.

  4. What is HP's outlook for fiscal 2026?

    HP estimates fiscal 2026 GAAP diluted net EPS of $2.47 to $2.77 and non-GAAP diluted net EPS of $2.90 to $3.20, and expects free cash flow of $2.8 to $3.0 billion. The company says the outlook reflects added costs from current U.S. trade-related regulations and associated mitigations.

  5. How did HP perform in its fourth quarter and full fiscal year 2025?

    Fourth-quarter net revenue was $14.6 billion, up 4.2%, with GAAP diluted EPS of $0.84 and non-GAAP diluted EPS of $0.93. For the full year, net revenue was $55.3 billion, up 3.2%, with GAAP diluted EPS of $2.65 and non-GAAP diluted EPS of $3.12, both lower than the prior year.

04—Continue

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