HP Q4 2024 Earnings Meet Expectations; CEO Lores Warns Tariffs Impact Consumers Amid Slow AI PC Wave

HP Inc. reported its Q4 2024 earnings, which were in line with expectations, according to the company's earnings call. CEO Enrique Lores highlighted that while the quarter showed solid results in terms of meeting or beating revenue and profit expectations, the guidance for the upcoming period was somewhat soft. The company noted that the anticipated benefits from the AI PC wave have been slower to materialize, indicating that HP, along with competitors like Dell, has not yet fully experienced the expected tailwind from this trend. Additionally, Lores mentioned that tariffs could adversely affect consumers, emphasizing the potential impact on the market.