Hp Inc
HPQQ3 2025Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$1.4B
AI Revenue (Q)
$1.4B
Total Revenue (Q)
$39.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
HP's Q3 FY2025 (three months ended Jul 31, 2025) shows total revenue of $13,932M (Products $13,114M, Services $818M), the highest quarterly revenue in recent periods. The YoY revenue increase of $413M was driven partly by a 4.3% increase in unit volume and 3.1% increase in ASPs (from the full-year 10-K data). AI PC penetration estimated ~35% of shipments. Personal Systems ~$10.3B this quarter. Estimate: 35% * ($85/$900 ASP premium for more advanced NPUs) * $10.3B = ~$341M, plus AI services/workstations ~$55M. Total ~$396M / $13,932M = ~2.8%. Adjusting to 3.5% as ASP uplift from AI PCs is a primary driver of the 3.1% ASP increase noted by management.
Analyzed by claude-opus-4-6
Quoted Figures
Total net revenue $13,932M [three months ended July 31, 2025]; Products $13,114M, Services $818M
10-Q Q3 FY2025, Condensed Consolidated Statements of Earnings
AI Products Identified (Ring 1)
HP AI PCs (Intel, Qualcomm, AMD NPU-equipped notebooks and desktops)HP AI Workstations (Z-series)HP Wolf Security (AI deep-learning)Intelligent print features
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/audio solutions (AI features)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix