The chart above displays the quarterly net earnings of HP Inc from 2021 to 2023 in millions of US dollars.
During the first three quarters of 2023, HP has experienced a decline in its net sales compared to the prior year. Over the first three quarters of 2023, its revenue remained consistently lower for each quarter compared to the same quarter of the previous year. Its net earnings declined in the first and third quarters of 2023 compared to the same quarters of the prior year. However, its net earnings grew in the second quarter of 2023 compared to the same quarter of the prior year.
Quarterly Net earnings of Hewlett Packard (2015-2023)
Amounts in millions.
2023 Quarters
Net Earnings (millions)
Q1
$487
Q2
$1,066
Q3
$766
2022 Quarters
Net Earnings Quarterly (millions)
Q1
$1,086
Q2
$1000
Q3
$1,119
Q4
$(2)
Total
$3,203
2021 Quarters
Net Earnings (million)
Q1
$1,068
Q2
$1,228
Q3
$1,108
Q4
$3,099
Total
$6,503
2021: In fiscal 2021, HP experienced significant growth in its net revenues and net earnings compared to the previous year. While its net revenues increased by 12.1% compared to the previous year, the company’s net earnings more than doubled in 2021 compared to 2020. The total net earnings of the company were $6.5 billion in 2021 compared to $2.84 billion in 2020. HP experienced the most significant growth in its net earnings during the fourth quarter. Its fourt quarter net earnings for 2021 remained $3.1 billion compared to $668 million during the same quarter in the previous year.
2020 quarters
Net earnings (millions)
Q1
$678
Q2
$764
Q3
$734
Q4
$668
Total
$2,844
FY 2019
Net Earnings (Millions)
Q1
$ 803
Q2
$782
Q3
$1,179
Q4
$388
Total
$3,152
FY 2018
Net Earnings (Millions)
Q1
$ 1,938
Q2
$ 1,058
Q3
$ 880
Q4
$ 1,451
FY 2017
Net Earnings (Millions)
Q1
$ 611
Q2
$ 559
Q3
$ 696
Q4
$ 660
FY 2016
Net Earnings (Millions)
Q1
$ 592
Q2
$ 629
Q3
$ 783
Q4
$ 492
FY 2015
Net Earnings (Millions)
Q1
$ 1,366
Q2
$1,011
Q3
$ 854
Q4
$ 1,323
During fiscal 2020, HP’s net earnings were down to $2.84 billion from $3.15 billion in 2019.
About Hewlett Packard:
HP is a leading global provider of personal computing and other access devices, imaging and printing, products, and related technologies, solutions, and services. The company sells to individual customers as well as small and medium-sized businesses and large enterprises.
The customers of HP are also from the government and the health and education sector. HP Inc was incorporated in 1947. The separation of HP and HPE was completed in 2015. Hewlett Packard and Hewlett Packard Enterprises became two separate companies after that. HPE includes HP’s former enterprise technology infrastructure, software, services, and financing businesses. In fiscal 2020, HP’s net revenue remained $56.64 billion.
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