---
schema_version: "secwatch.filing_event.v1"
accession: "0000047217-22-000061"
form_type: "8-K"
ticker: "HPQ"
cik: "0000047217"
company_name: "HP INC"
filed_at: "2022-11-22T23:59:59+00:00"
generated_at: "2026-06-21T14:23:41.626976+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HP reports FY22 GAAP EPS $3.05, Q4 GAAP nil; announces restructuring and dividend increase

## Summary
- FY22 GAAP diluted EPS $3.05 (below outlook $3.46-$3.56); non-GAAP $4.08 (within $4.02-$4.12).
- Q4 GAAP diluted EPS negligible (below $0.44-$0.54 outlook); non-GAAP $0.85 (within $0.79-$0.89).
- FY22 net revenue $63.0B, down 0.8% YoY; Q4 revenue $14.8B, down 11.2% YoY.
- Board approved Future Ready plan: annual savings target $1.4B by FY25, restructuring charges ~$1.0B, workforce cuts 4,000-6,000.
- Dividend raised 5% to $0.2625/share quarterly, starting Q1 FY23.

## SEC filing metadata
- accession: 0000047217-22-000061
- form_type: 8-K
- ticker: HPQ
- cik: 0000047217
- company_name: HP INC
- filed_at: 2022-11-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/47217/000004721722000061/0000047217-22-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47217/000004721722000061/hpq-20221118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047217-22-000061
- JSON: https://secwatch.observer/filing/0000047217-22-000061.json
- Plain text: https://secwatch.observer/filing/0000047217-22-000061.txt

## Key facts
- Earnings Releases
  HP INC reported the fiscal year ended October 31, 2022 results: revenue $63.0 billion, net income $ 3.2, EPS $3.05.
  - Period: the fiscal year ended October 31, 2022
  - Revenue: $63.0 billion
  - Net income: $ 3.2
  - EPS: $3.05
  - Result: reported results
  source text: • Fiscal 2022 GAAP diluted net earnings per share ("EPS") of $3.05, below the previously provided outlook of $3.46 to $3.56 per share • Fiscal 2022 non-GAAP diluted net EPS of $4.08, within the previously provided outlook of $4.02 to $4.12 per share • Fiscal 2022 net revenue of $63.0 billion, down 0.8% from the prior-year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/47217/000004721722000061/0000047217-22-000061-index.htm
- Earnings Releases
  HP INC reported the fiscal quarter ended October 31, 2022 results: revenue $14.8 billion, net income $ —, EPS negligible.
  - Period: the fiscal quarter ended October 31, 2022
  - Revenue: $14.8 billion
  - Net income: $ —
  - EPS: negligible
  - Result: reported results
  source text: • Fourth quarter GAAP diluted net EPS was negligible, below the previously provided outlook of $0.44 to $0.54 per share, due to one-time non-cash tax adjustments • Fourth quarter non-GAAP diluted net EPS of $0.85, within the previously provided outlook of $0.79 to $0.89 per share • Fourth quarter net revenue of $14.8 billion, down 11.2% from the prior-year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/47217/000004721722000061/0000047217-22-000061-index.htm
- Restructurings & Charges
  HP INC announced a restructuring with charges of approximately $1.0 billion (approximately 4,000 – 6,000 employees).
  - Type: restructuring
  - Charge: approximately $1.0 billion
  - Headcount: approximately 4,000 – 6,000 employees
  source text: HP anticipates incurring approximately $1.0 billion in restructuring and other charges due to both labor and non-labor actions, approximately $0.8 billion of which is expected to be cash expenditures. Of the $1.0 billion, HP expects to incur approximately $0.7 billion in labor costs related to workforce reductions of approximately 4,000 – 6,000 employees by the end of fiscal 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/47217/000004721722000061/0000047217-22-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.