HP Inc. Jumps Most Since 2015 Split on Renewed PC Sales
- AI PCs to be 10% of shipments in second half of year, CEO says
- Industry has been in a post-pandemic slump the past two years
The jump was due to commercial sales, which rose 6% to $6.24 billion.
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HP Inc. jumped the most since its 2015 split with sister company Hewlett Packard Enterprise after reporting its first increase in PC sales in two years, an optimistic signal for a long-awaited rebound in the market.
Revenue from HP’s computer unit increased 3% to $8.43 billion in the fiscal second quarter, compared with the $8.28 billion expected by analysts. The business had been declining since May 2022 on a year-over-year basis. The jump was due to commercial sales, which rose 6% to $6.24 billion. Consumer sales continued to decline, slipping 3% to $2.18 billion, the company said Wednesday in a statement.