Mike Cadiz's questions to HP Inc (HPQ) leadership • Q1 2025
Question
Mike Cadiz from Citigroup asked for HP's view on the PC industry's 2025 growth rate and whether high-single-digit revenue growth for HP's PC business was a fair assumption. He also asked for a characterization of demand across different PC segments.
Answer
CEO Enrique Lores confirmed HP's projection for mid-single-digit market unit growth, aligning with analyst views. He agreed that high-single-digit revenue growth for HP's PC business was a reasonable expectation, given outperformance and positive pricing. He characterized demand as seeing growth in consumer and commercial, with commercial strength in government, enterprise, and SMB, offset by a decline in education.