HP Inc. (NYSE:HPQ) Bank of America Global Technology Conference Call June 4, 2025 5:40 PM ET
Company Participants
Enrique J. Lores – CEO, President & Director
Conference Call Participants
Wamsi Mohan – BofA Securities, Research Division
Wamsi Mohan
Thank you, and welcome to day 2 of Bank of America’s Global Tech Conference. I’m Wamsi Mohan. I cover IT hardware supply chain here for the bank. Delighted to welcome HP Inc. here today. We have President and CEO, Enrique Lores. Enrique has had a
welcome. It’s a pleasure to have you over here.
Enrique J. Lores
Thank you for having me here. Always a pleasure.
Question-and-Answer Session
Wamsi Mohan
Yes, absolutely. Great to see you in person again. So Enrique, maybe to kick it off, I think the macro environment has been challenging and volatile in some ways. And would love to get your take on sort of what your outlook is as you look at the business in sort of the near term and what you’re hearing from customers?
Enrique J. Lores
Sure. I think I would say the macro environment has been mix because from one side, we have seen strong demand, especially in the PC side, especially in the commercial side. So we have seen strong demand. At the same time, clearly, we have faced some challenges on the cost side, mostly driven by the tariffs and the changes in the trade space. So this is really what has been driving our performance — what drove our performance in Q2, solid growth and at the same time, very challenging results from a profit perspective because of the impact on tariffs.
When we look at the second half, we have — we expect the market to continue to grow as we — which is what we expected at the beginning of the year, but we
Read the full article here