Strategic priorities that build on a strong foundation

our core
Growth in
Driving digital

Sustainable Impact

Talent & Culture

Delivering long-term sustainable growth

AI innovation revolutionizing compute
Flexibility in a hybrid world
Secure sustainable solutions
Global scale and diversified footprint

Driving profitable growth in personal systems


CY26 Market TAM¹


CY23-26 CAGR

Gaining profitable PC share

Creating new AI experiences

Capturing growth in Hybrid Systems, Gaming and Services

¹ TAM based on HP internal analysis. Projections based on currently available data and estimates

Driving profitable growth in print


CY26 Market TAM¹


CY23-26 CAGR

Gaining profitable share in office

Scaling HP+ and profit-upfront models in home

Unlocking growth in Services, Industrial Graphics & 3D

¹ TAM based on HP internal analysis. Projections based on currently available data and estimates

Accelerating key growth areas

FY22 revenue =  $10B and FY26 projected revenue¹ = ~$15B, CAGR 13%
  • Hybrid Systems
  • Gaming
  • Workforce solutions
  • Consumer services
  • Industrial Graphics & 3D
¹ Based on HP internal estimate for FY26

Capital allocation priorities

  • 100%

    Return of FCF¹
    to shareholders
    over time

  • 1.5x-2.0x

    Gross leverage²

  • +5%

    Y/Y increase in
    FY24 dividend

Shares outstanding (billions)³ and Annual dividend graphs
Returned ~$29 billion to shareholders since FY16
¹ Free cash flow ("FCF") includes net cash provided by operations adjusted for net investment in leases and net investment in property, plant and equipment
³ Weighted average diluted shares outstanding reported for Q4 in each fiscal year

Long-term value creation

A compelling investment

  • Positioned to win

    A global leader capitalizing on secular trends

  • Strategic growth areas

    Investing in new & adjacent growth categories

  • Operational excellence

    Grow revenue, operating profits, EPS and FCF

  • Return of Capital

    Target at least 100% return of FCF