HPQHP Inc.

Technology · Computer Hardware · NYSE

HP is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. 10-K, Item 1

Headquarters: Palo Alto, CA
CEO: Enrique Lores
Next results: around Nov 24, 2026

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The biggest changes in the 10-K filed 2025-12-10, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Gross margin

22.1% → 20.6% (-1.5 pts) Big change FY to 2025-10-31 vs 2024-10-31

“Services gross margin decreased due to unfavorable mix shifts.”
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“Gross margin decreased primarily due to higher commodity and tariff costs, partially offset by disciplined pricing actions.”
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Operating margin

7.1% → 5.7% (-1.4 pts) Big change FY to 2025-10-31 vs 2024-10-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Net income

-8.9% FY to 2025-10-31 vs 2024-10-31

“The effective tax rate differs from the U.S. federal statutory rate of 21% primarily due to decreases in uncertain tax positions.”
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Revenue

+3.2% FY to 2025-10-31 vs 2024-10-31

“The net revenue increase was primarily due to a 4.3% increase in unit volume driven by the Windows-based PC operating system refresh, and a 3.1% increase in average selling price (“ASPs”).”
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“Commercial PS net revenue increased 7.7% primarily due to a 6.4% increase in units due to market expansion and a 2.7% increase in ASPs.”
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Cash from operations

-1.4% FY to 2025-10-31 vs 2024-10-31

“Net cash provided by operating activities decreased by $0.1 billion for fiscal year 2025 primarily due to working capital impacts and lower net earnings, partially offset by changes in receivables from contract manufacturers.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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