HP revenues plummet as printers, PC sales all fall

Following the closure of its Q2 2023, HP has recorded a drop in revenue of 21.7% year-on-year and 6.7% compared with the previous quarter as consumers and businesses seek to spend less on refreshing hardware such as business laptops.

The $12.9 billion in quarterly revenue was down from $16.5 billion during the same period last year, but even so, company CEO Enrique Lores remains optimistic about having delivered “non-GAAP EPS at the high-end of [the company’s] target in Q2.”