HPQ

HPQ. The company, formally known as Hewlett-Packard, is a leading global provider of personal computing, imaging, and printing products and services. Founded in a Palo Alto, California garage, it is considered a foundational entity in the creation of Silicon Valley and has undergone significant transformations, including a major split in 2015. Today, it operates a vast portfolio focused on hybrid work, digital services, and sustainable innovation, serving consumers, businesses, and governments worldwide.

History

The partnership between Bill Hewlett and David Packard was formalized in 1939, with their first product being an audio oscillator used by Walt Disney Productions for the film *Fantasia*. Throughout the mid-20th century, the company became renowned for its engineering culture and instrumental role in developing early minicomputers and calculators, such as the HP-35. A series of major acquisitions, including Compaq in 2002, solidified its position in the personal computer market. Following a period of restructuring under CEOs like Carly Fiorina and Mark Hurd, the corporation separated in 2015, with its enterprise technology and services divisions becoming Hewlett Packard Enterprise and its PC and printer units continuing under the HP Inc. name.

Products and services

The company's portfolio is centered around personal systems and printing. Its personal systems division offers a range of laptops, desktop computers, workstations, and related accessories under brands like HP Pavilion, HP Envy, and the premium HP Spectre line. The printing segment provides consumer and commercial inkjet printers, laser printers, graphics solutions, and supplies. Beyond hardware, it develops software for device management, security, and immersive experiences through its HP Wolf Security platform. The company has also invested in growth areas such as 3D printing and digital manufacturing technologies, offering systems like the HP Jet Fusion series for industrial applications.

Corporate affairs

The organization is headquartered in Spring, Texas, having moved from Palo Alto, California in 2022. Its operational structure is divided into key segments: Personal Systems and Printing. The company is led by a board of directors and executive team, with Enrique Lores serving as President and Chief Executive Officer. It maintains a significant global presence with research and development facilities, including the historic HP Labs, and operates an extensive supply chain and partner network. Major strategic partnerships and collaborations have been formed with companies like Microsoft, Intel, and AMD to drive innovation in the PC ecosystem.

Financial performance

As a publicly traded company on the New York Stock Exchange, it generates revenue primarily from the sale of personal systems and printing hardware, supplies, and related services. For the fiscal year 2023, the company reported annual revenue of approximately US$56.7 billion. The Personal Systems segment typically contributes over 60% of total net revenue, while the Printing segment provides a significant portion of operating profit. Financial performance is influenced by global PC market trends, component costs from suppliers like TSMC, and currency exchange fluctuations. The company returns capital to shareholders through dividends and share repurchase programs.

Environmental and social impact

The corporation has established ambitious goals in climate action, aiming for net-zero greenhouse gas emissions across its value chain by 2040. Initiatives include increasing product energy efficiency, utilizing recycled materials in devices and packaging, and promoting a circular economy through programs like HP Planet Partners for hardware recycling. Social impact efforts focus on digital equity, with projects to improve education and healthcare access in underserved communities through partnerships with organizations like UNICEF and the World Economic Forum. The company also publishes annual sustainability reports and has received recognition from indices like the Dow Jones Sustainability Indices.

Category:Technology companies of the United States Category:Computer hardware companies Category:Companies listed on the New York Stock Exchange