PC refresh lifting demand ahead of AI computers: HP Inc. CEO

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Enrique,HP CEO Enrique

HP Inc. (HPQ) managed to best its fiscal second-quarter earnings estimates, posting $12.8 billion in revenue (expected $12.6 billion) and adjusted earnings...

, posting $12.8 billion in revenue and adjusted earnings of $0.82 per share , slightly revising its full-year forecast. The computer company also reported a rise in PC sales as demand returns to the industry on anticipated AI innovations.to talk about the earnings figures, consumers' needs to"refresh" and upgrade their personal tech, and what HP will be bringing to the table with its AI-powered devices.

So we are pleased with the progress that we have seen in P CS and we think that this is going to continue now for the second half of the year. Are you surprised to see uh businesses and, and to a lesser extent, I guess consumers out there refreshing these computers ahead of what looks to be the A I PC era.

Our expectation is that this year, only 10% of A I of P CS will be high on the second half and that it will grow to 46% 3 years after launch.It's gonna take a change that is gonna take some time, the, uh, the outlook you, uh, the, the quarterly outlook that, uh HP provided.Well, there is some of it integrated but the key drivers really are coming more from the refresh cycle that we were talking before by the shift to Windows 11.

And also from a performance perspective, for example, they come with two processors, they will come with a same similar processor than what we have had before.So basically you have two processors in your PC, each of them specialized for each type of activity.

 

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