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HP Inc. Reports Fiscal 3Q 2022 Results

Third quarter net revenue was $14.7 billion, down 4.1% from the prior-year period, with free cash flow of $300 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

HP Inc. and its subsidiaries announced fiscal 2022 third quarter net revenue of $14.7 billion, down 4.1% (down 1.9% in constant currency) from the prior-year period. Personal Systems net revenue was $10.1 billion, down 3% year over year (flat in constant currency) with a 6.9% operating margin. Consumer net revenue decreased 20% and Commercial net revenue increased 7%. Total units were down 25% with Notebooks units down 32% and Desktops units up 1%. Printing net revenue was $4.6 billion, do...

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