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HP Inc. (HPQ) Stock Rises on Strong Q3 Earnings Fueled by AI PC Growth
HP Inc. (HPQ) Stock Rises on Strong Q3 Earnings Fueled by AI PC Growth
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HP Inc. shares climbed 3.28% after reporting fiscal Q3 revenue of $13.9 billion, edging past analyst estimates with 3.1% annual growth. The company's AI-powered PCs now represent over 25% of product mix, driving a 6% revenue surge in its personal systems division to $9.9 billion.
Commercial PC sales grew 5% while consumer PC revenue jumped 8%, offsetting a 4% decline in printer unit sales that pressured margins. HP's supply chain diversification beyond China is helping mitigate U.S. tariff impacts, with adjusted EPS of $0.75 slightly exceeding expectations.
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