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    Joe Cardoso • JPMorgan Chase & Co.

    Joe Cardoso's questions to HP Inc (HPQ) leadership

    Joe Cardoso's questions to HP Inc (HPQ) leadership • Q1 2025

    Question

    Joe Cardoso of JPMorgan Chase & Co. asked for quantification of the China tariff impact in guidance, details on supply chain shifts, and a ranking of the drivers for the upgraded Personal Systems (PS) growth outlook.

    Answer

    CFO Karen Parkhill stated that current tariffs are factored into guidance but would not be quantified, noting mitigation through HP's global supply network and cost reductions. CEO Enrique Lores added that HP has built a more resilient supply chain in Southeast Asia and other regions. For PS growth, Lores identified the aging installed base, the Windows 11 refresh, and AI PC adoption as key market drivers, with HP's own innovation and focus on premium segments fueling its outperformance.

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    Joe Cardoso's questions to Corning Inc (GLW) leadership

    Joe Cardoso's questions to Corning Inc (GLW) leadership • Q4 2024

    Question

    Joe Cardoso of JPMorgan Chase & Co., asking on behalf of Samik Chatterjee, requested more detail on the potential upgrade to Corning's 'Springboard' plan and the remaining risks or milestones needed to achieve the full non-risk-adjusted targets.

    Answer

    Chairman and CEO Wendell Weeks confirmed that the upgraded plan's target would land between the current $3 billion high-confidence plan and the $8 billion non-risk-adjusted plan. He framed remaining challenges as 'milestones' rather than 'risks,' highlighting the need for continued recovery in the carrier business, progress in solar, adoption of new mobile consumer electronics innovations, and hitting key targets in automotive glass.

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