 Logo used since March 2025 | |
 Headquarters inPalo Alto, California | |
| Company type | Public |
|---|---|
| Industry | Information technology |
| Predecessor | Hewlett-Packard |
| Founded | November 1, 2015; 10 years ago (2015-11-01) |
| Headquarters | Stanford Research Park, Palo Alto, California ,U.S. |
Area served | Worldwide |
Key people |
|
| Products | |
| Revenue |  US$53.56 billion (2024) |
 US$3.818 billion (2024) | |
| US$2.775 billion (2024) | |
| Total assets | US$39.91 billion (2024) |
| Total equity | US$−1.32 billion (2024) |
Number of employees | c. 58,000 (2024) |
| Divisions | HP Labs |
| Subsidiaries | List of subsidiaries |
| Website | hp.com |
| Footnotes / references Financials as of fiscal year ended October 31, 2024[update]. References:[1] | |
HP Inc. is an Americanmultinationalinformationtechnology company with its headquarters inPalo Alto, California, that developspersonal computers (PCs),printers and related supplies, as well as3D printing services. It is theworld's second-largest personal computer vendor by unit sales afterLenovo and ahead ofDell as of 2024[update].[2]
HP Inc. was founded in 2015 when the originalHewlett-Packard Company split into two companies. The old company's enterprise product and business services divisions werespun-off into a new publicly traded company,Hewlett Packard Enterprise.[3][4] Hewlett-Packard then renamed itself as HP Inc. and retained the personal computer and printer services divisions of its predecessor, serving as the legal successor of the original company that was founded in 1939. HP is listed on theNew York Stock Exchange and is a constituent of theS&P 500 Index. In the 2023Fortune 500 list, HP is ranked 63rd-largestUnited States corporation by total revenue.[5]
Hewlett-Packard was founded in 1939 byBill Hewlett andDavid Packard, who both graduated with degrees inelectrical engineering fromStanford University in 1935. The company started off in theHP Garage inPalo Alto, California.
In March 2015, HP announced thatBang & Olufsen would become the company's new premium audio partner for its computers and other devices. This replaced the partnership withBeats Electronics that ended upon being acquired byApple Inc. in 2014.[6]
On November 1, 2015, Hewlett-Packard was split into two companies. Its personal computer and printer businesses became HP Inc., while its enterprise business becameHewlett Packard Enterprise. The split was structured so that Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a new publicly traded company. HP Inc. retains Hewlett-Packard's pre-2015 stock price history and its former stock ticker symbol, HPQ, while Hewlett Packard Enterprise trades under its own symbol, HPE.[3][4][7]
In May 2016, HP introduced a newPC gaming sub-brand known asOmen (reusing trademarks associated withVoodooPC), including gaming laptops and desktops (with the latter offering options such asCPU water cooling andNvidia'sGTX 1080 graphics, and promoted asVR-ready), and other accessories (such as monitors) designed to cater to the market.[8] Between May and August of that year, certain assets were sold toOpenText, includingTeamSite andExstream.
In November 2017, HP acquiredSamsung Electronics' printer division for $1.05 billion.[9]
In February 2021, HP announced its acquisition ofKingston's gaming divisionHyperX for $425 million.[10][11] The deal only includes computer peripherals branded as HyperX, not memory or storage. The sale was completed in June 2021.[12]
In February 2022, HP announced it had acquired theEdinburgh-based packaging development company, Choose Packaging, in an effort to strengthen its capabilities in the sustainable packaging vertical.[13][14]
In March 2022, HP announced the acquisition of theCalifornia-headquartered communications software and hardware providerPoly Inc. in an all-cash transaction. HP said the cash amount agreed was $40 per share, which implied a total enterprise value of $3.3bn, inclusive Poly's net debts.[15]
In May 2024, HP announced its intentions on restructuring their lineup of consumer PCs in preparation for the next generation of computers withartificial intelligence, stating that most of its PC models (except Omen) would adopt a new branding nomenclature under the new Omni brand, which consisted of theOmniBook (a revival of an old brand that was defunct in 2002 after acquiringCompaq that year), OmniStudio and OmniDesk models.[16][17] The new Omni brand of computers featured AI-powered hardware and software, and currently coexists with HP's other existing, non-AI products as of 2025[update], some of which are still being offered to this day.
On November 5, 2019,The Wall Street Journal reported that print and digital document companyXerox was contemplating acquiring HP.[18] The company unanimously rejected two unsolicited offers, including a cash-and-stock offer at $22 per-share.[19][20] HP stated that there was "uncertainty regarding Xerox's ability to raise the cash portion of the proposed consideration" (especially given that Xerox is a smaller company in terms of market cap than HP), and noted the company's aggressiveness.[20] On November 26, 2019, Xerox issued a public letter defending allegations by HP that its offer was "uncertain" and "highly conditional", and declared its intent to "engage directly with HP shareholders to solicit their support in urging the HP Board to do the right thing and pursue this compelling opportunity."[21]
Xerox stated in January 2020 that it would propose the replacement of HP's board of directors during its next shareholder meeting in April 2020. In a statement toTechCrunch, HP disclosed a belief that Xerox's bid was being "driven by"activist shareholderCarl Icahn.[22] Xerox raised its bid to $24 per-share in February 2020.[23]
On February 21, 2020, HP instituted ashareholder rights plan to fend off Xerox's pursuit of ahostile takeover. Four days later, HP announced that, if shareholders rejected the Xerox purchase, it planned on offering $16 billion in capital return between fiscal 2020 and 2022, including $8 billion in additional share buybacks and raising its "target long-term return of capital to 100% of free cash flow generation". HP criticized Xerox's bid as a "flawed value exchange" based on "overstated synergies".[24][25] On March 5, 2020, HP rejected an offer at $24 per-share.[26]
On March 31, 2020, Xerox rescinded its bid to buy HP Inc, citing that "thecurrent global health crisis andresulting macroeconomic and market turmoil" had "created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc."[27]
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HP developspersonal computers (PCs; both consumer and business laptops and desktops),printers, scanners, monitors, accessories, workstations, servers, and related software and services such as3D printing.[4][28]: 5–6
Its consumer PCs as of 2024[update] include theEssential line andPavilion (consumer),Envy (high-end andprosumer), andOmen (gaming), as well as AI-powered PCs marketed under the Omni brand such as theOmniBook, OmniDesk and OmniStudio. HP's business computers are marketed under the "Pro" and "Elite" prefixes. In the professional space, HP market theHP Z series of desktop workstations and its mobile equivalent,HP ZBook.
It also manufactures theDeskJet, OfficeJet,LaserJet, andEnvy series of printers and theScanJet line of image scanners.[29]
In fiscal year 2023, total revenue ofUS$54 billion included US$24.7 billion from the sale ofnotebook computers, US$10.9 billion from the sale ofdesktop computers, US$11.4 billion from the sale of printer supplies, US$4.2 billion from the sale of commercial printers, and US$2.4 billion from the sale of consumer printers.[28]: 40–41 Over 65 percent of revenue in 2022 came from customers outside of the United States.[28]: 13
HP's first quarter fiscal 2024 net revenue was $13.2 billion, representing a 4.4% decrease (4.9% in constant currency) year-over-year.[30][31] HP's strong operating activities in the first quarter of fiscal 2024 generated $121 million in net cash. The company also reported a positive free cash flow of $25 million for the quarter.[32][33][34] Free cash flow includes $121 million in net cash from operating activities, with adjustments of $62 million for net lease investments and $158 million for property, plant, and equipment investments.[35]
The key trends for HP Inc. are (as of the financial year ending October 31):[36][37]
| FY | Revenue (US$ bn) | Net profit (US$ bn) | Employees[38][39] |
|---|---|---|---|
| 2015 | 50.4 | 3.7 | ? |
| 2016 | 48.2 | 2.6 | 49,000 |
| 2017 | 52.2 | 2.5 | 49,000 |
| 2018 | 58.1 | 5.3 | 55,000 |
| 2019 | 58.3 | 3.1 | 56,000 |
| 2020 | 56.5 | 2.8 | 53,000 |
| 2021 | 63.2 | 6.5 | 51,000 |
| 2022 | 62.0 | 3.1 | 58,000 |
| 2023 | 53.4 | 3.2 | 58,000 |
| 2024 | 53.6 | 2.8 | 58,000 |
HP has had a long history with Formula 1 sponsorship beginning in 1988 with a single season sponsorship withLarrousse[40] Throughout the 1990s and 2000s, HP served as a minor sponsor and technology supplier for many teams, includingForti (1996),Jordan (1996-2002),Benetton (1997-1999),Minardi (1997),Stewart (1998-1999),Jaguar (2000-2003) andRenault (2010).
From 2002 to 2005, HP served as title sponsor ofWilliams Racing (then known as BMW WilliamsF1 at the time) after acquiring Compaq in 2002;[41] Compaq previously served as title sponsor of the team from 2000 to 2001. HP concluded the sponsorship deal with Williams Racing in 2005.[42]
In April 2024, HP announced that they have signed a multi-year deal to become the title sponsor for theFerrari team, extending to the team'sF1 Academy and esports programs.[43]
HP was the shirt sponsor for the EnglishPremier League football clubTottenham Hotspur from1995 to1999, preceding and succeeding the German lagerHolsten. Enterprise software companyAutonomy became Tottenham's shirt sponsor beginning in the2010-11 season for domestic matches and were acquired by HP in 2011. HP continued with the deal, changing the sponsorship in the2011-12 season to feature Autonomy's augmented reality platformAurasma, before replacing the previous Autonomy branding with HP branding for the final year of the sponsorship in the2013-2014 season.[44][45][46]
In February 2024, HP signed a 3-year sleeve sponsorship deal withReal Madrid, becoming the first sleeve sponsor in the club's 121-year history.[47]
HP reported totalCO2e emissions for the twelve months ending October 31, 2023, at 19,764,400 tonnes CO2-equivalent[48] and plans to reduce emissions 60% by 2025 from a 2015 base year.[49]According to a press release issued on April 20, 2021,[50] HP seeks to achieve net zero greenhouse gas emissions by 2040.
Steps they have taken to achieve this include reducing product materials and moving to recycled materials, providing certified refurbished systems and reducing single use plastics in packaging.[51] HP have worked with a charity, First Mile, in Haiti, on a recycling facility so they can process and reuse plastics in their products. They had retrieved over 110 million ocean bound plastic bottles as of the 16th March 2024.[52]
HP is committed to circularity aiming to source 75% of its products and packaging from circular sources by 2030.[53] EcoVardis scored HP at 90 in 2025, an increase from 83 in 2024, receiving a platinum award for the 15th year in a row.[54] HP have collaborated with Oxford Economics to survey business executives and government officials and found that technology is important to advance sustainability and contributes positively to business outcomes.[55]
In 2025, HP was one of the donors who funded the White House'sEast Wing demolition, and planned building of a ballroom.[56]
In 2016, HP introduced firmware in its printers that disabled the printers if users used ink or toner cartridges which did not contain “new or reused HP chips or electronic circuitry.” As a result, HP faced scathing criticism (such as that from theElectronic Frontier Foundation[57]) and paid millions in class-action lawsuits, such as to certain customers in the US ($1.5 million[58]), Canada ($700,000 CAD[59]), Australia, and Europe ($1.350 million[60]), but without admitting wrongdoing. HP's stated that the firmware was intended to provide "the best consumer experience" and "protect" customers from "counterfeit and third-party ink cartridges that do not contain an original HP security chip and that infringe on ourIP."[61]
In 2023,PC World reported that HP printers still prevent users from using third-party ink.[62]
In 2023, HP was sued over allegations that it intentionally designed its all-in-one printers not to perform scanning or faxing when they were low on ink.[63]
In February 2019, How-To Geek published an article reporting that HP remotely disabled ink cartridges when the user cancels their Instant Ink subscription.[64]
In 2020, theAustralian Strategic Policy Institute accused at least 82 major brands, including HP Inc, of being potentially connected to forcedUyghur labor in the ChineseXinjiang province.[65]
In 2022, in response to the U.S.Uyghur Forced Labor Prevention Act, HP responded, "HP is committed to respecting human rights across our global supply chain and we prohibit the use of involuntary labor of any kind. HP also commits to respecting fundamental rights and freedoms defined in theUnited Nations (UN) Universal Declaration of Human Rights (UDHR) in an approach consistent with theUN Guiding Principles on Business and Human Rights (UNGPs) as outlined in our Human Rights Policy."[66][67]
In 2023, HP as well asHewlett Packard Enterprise (HPE) was criticised forHewlett-Packard Israel's products being provided to theIsraeli Police,Israeli Prison Service, andIsraeli Population and Immigration Authority. TheBDS movement has called for consumers and organizations to boycott all HPE IT services and products as well as printers, computers, and printer cartridges from HP Inc.[68] HP have responded to these allegations, via a statement that included "The misinformation about HP Inc. being circulated by some on social media is unfortunate and untrue. As a matter of policy, we do not take sides in political disputes between countries or regions".[69]
In 2024, A French association called Halte à l'Obsolescence Programmée (HOP) filed a complaint against the printer manufacturer HP, accusing it of planned obsolescence practices. The complaint alleges that HP artificially blocks printers when it detects a cartridge as empty, even if there is ink remaining. HOP argued these practices force consumers to purchase new cartridges unnecessarily, contributing to waste and environmental harm.[70]
In February 2025, HP started pushing out buggy BIOS throughWindows Update, which affected some models ofProBooks andEliteBooks. HP replied that they are investigating problems.[71]
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37°24′40″N122°08′52″W / 37.4111842°N 122.1476929°W /37.4111842; -122.1476929
