Hp Inc
HPQQ4 2024Estimated2% AI
AI Revenue %
2%
AI Fair Value
$777.2M
AI Revenue (Q)
$798.0M
Total Revenue (Q)
$39.9B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
HP's FY2024 10-K (fiscal year ended Oct 31, 2024) is the FIRST filing to explicitly describe 'AI PCs and workstations built with the computing power to enable local AI processing for enhanced performance and features' and 'the use of AI deep-learning to identify and remove malware threats.' Total FY2024 revenue was $53,559M (PS $36,195M + Printing $16,810M + Corporate Investments $554M). Despite marketing AI PCs prominently, HP discloses ZERO AI-specific revenue. Industry AI PC penetration estimated ~20% by Oct 2024. Q4 FY2024 quarterly PS revenue ~$10.5B. Estimate: 20% AI PC mix * ($80/$900 ASP premium) * $10.5B = ~$187M. Plus AI workstation premium, AI security, intelligent print features. ~$230M / ~$13.8B quarterly revenue = ~1.7%. Rounding to 2.0% for full quarter with holiday PC demand.
Analyzed by claude-opus-4-6
Quoted Figures
Our high-performing product portfolio includes HP s new line of AI PCs and workstations built with the computing power to enable local AI processing for enhanced performance and features as well as intelligent print features incorporated into our home, office and graphics solutions
10-K FY2024 (Oct 31, 2024), Item 1 Business Overview
the use of AI deep-learning to identify and remove malware threats
10-K FY2024 (Oct 31, 2024), Item 1 Business Overview
Personal Systems net revenue $36,195M, Printing net revenue $16,810M [fiscal year ended October 31, 2024]
10-K FY2024 (Oct 31, 2024), Segment Information
AI Products Identified (Ring 1)
HP AI PCs (NPU-equipped EliteBook, ProBook, Dragonfly, consumer notebooks)HP AI Workstations (Z-series with AI/ML optimization)HP Wolf Security (AI deep-learning malware detection)Intelligent print features (AI-enhanced)
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, auto-framing)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix