Hp Inc
HPQQ2 2024Estimated1% AI
AI Revenue %
1%
AI Fair Value
$121.0M
AI Revenue (Q)
$128.0M
Total Revenue (Q)
$12.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
HP's Q2 FY2024 (three months ended Apr 30, 2024) shows total revenue of $12,800M. AI PC shipments ramping as Intel and AMD released more NPU-equipped CPUs. Industry AI PC penetration estimated at ~10% of shipments by mid-2024. HP does not disclose AI PC revenue separately. Personal Systems revenue ~$8.9B this quarter. Estimate: 10% of PS units are AI PCs * ($75/$900 ASP premium) * $8.9B = ~$74M, plus ~$20M for AI-adjacent services (Wolf Security, Poly AI features). Total ~$94M / $12,800M = ~0.7%. Rounding to 1.0% to account for higher-margin AI workstation models (Z-series with AI capabilities).
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue Products $12,043M, Services $757M, Total $12,800M [three months ended April 30, 2024]
10-Q Q2 FY2024, Consolidated Condensed Statements of Earnings
AI Products Identified (Ring 1)
HP AI PCs (NPU-equipped EliteBook, ProBook, consumer lines)HP Z Workstations (AI/ML optimized)HP Wolf Security (AI deep-learning malware detection)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Poly video conferencing (AI noise cancellation, AI framing)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix