Hp Inc
HPQQ3 2024Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$574.5M
AI Revenue (Q)
$598.5M
Total Revenue (Q)
$39.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
HP's Q3 FY2024 (three months ended Jul 31, 2024) shows total revenue of $13,519M. AI PC penetration growing as the category matures -- industry estimates ~15% of shipments by Q3 2024. HP still provides zero AI-specific revenue disclosure. Personal Systems ~$9.9B this quarter. Estimate: 15% of PS units * ($75/$900 ASP premium) * $9.9B = ~$124M, plus ~$25M AI-adjacent services. Total ~$149M / $13,519M = ~1.1%. Adding workstation AI premium to reach ~1.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue Products $12,750M, Services $769M, Total $13,519M [three months ended July 31, 2024]
10-Q Q3 FY2024, Consolidated Condensed Statements of Earnings
AI Products Identified (Ring 1)
HP AI PCs (NPU-equipped notebooks and desktops across EliteBook, ProBook, consumer lines)HP Z Workstations (AI/ML optimized)HP Wolf Security (AI deep-learning)
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 solutions (AI features)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix