HP CFO flags Q4 margins below Q3 before FY27 improvement
HP CFO expects below-seasonal Q4 revenue and margin below Q3, citing commodity-driven price rises. He expects Q4 revenue growth y/y via pricing and share gains, aiming to return personal systems operating margin to its long-term range in FY27.
Expects Below-Seasonal Q4 Revenue Performance Due To Commodity-Driven Price Increases - Expects Q4 Revenue To Grow Y/Y On Pricing, Share Gains, Premium Categories, Higher-Margin Offerings And AI PC Penetration - PC Unit TAM Expected To Decline By High Teens Y/Y In H2 - Memory And Storage Costs Expected To Increase Further As Percentage Of Bill Of Materials - Expects Further Price Increases As Input Costs Rise - Aims To Return Personal Systems Operating Margin To Long-Term Range As Quickly As Possible In FY27