HP INC (HPQ): restructuring charge — HP reports FY25 GAAP EPS $2.65 (-6% YoY), Q4 EPS $0.84 (-10%); announces restructuring

HP INC

2025-FY EPS reported $2.65 revenue$55,295,000,000

Full-year revenue $55.3B (+3.2% YoY); GAAP EPS $2.65 (-5.7%); non-GAAP EPS $3.12 (-9.0%).
Q4 revenue $14.6B (+4.2% YoY); GAAP EPS $0.84 (-9.7%); non-GAAP EPS $0.93 (-3.1%).
Free cash flow FY25 $2.9B (-12% YoY); returned $1.9B to shareholders via dividends and buybacks.
Restructuring plan to cut 4,000-6,000 jobs by FY2028; charges ~$650M; targeting $1B annual savings.
Quarterly dividend increased to $0.30 per share, effective Q1 FY2026.

item 2.02 item 2.05 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

HP INC announced a restructuring with charges of approximately $650 million (approximately 4,000 – 6,000 employees).

Type: restructuring
Charge: approximately $650 million
Headcount: approximately 4,000 – 6,000 employees

Exact text from the filing

On November 25, 2025, the Board of Directors (the “Board”) of HP approved a plan intended to drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement (the “Plan”). HP expects that the Plan will be implemented through fiscal 2028. The Plan is intended to generate estimated gross run rate savings of approximately $1 billion by the end of fiscal 2028. In connection with the Plan, HP anticipates incurring approximately $650 million in restructuring and other charges due to both labor and non-labor actions. HP estimates that approximately $550 million of this amount will be cash expenditures. Of the $650 million, HP expects to incur approximately $400 million in labor costs related to workforce reductions of approximately 4,000 – 6,000 employees by the end of fiscal 2028.

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HP INC filing history →

Source: SEC EDGAR

accession 0000047217-25-000068

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