HP INC (HPQ)

HP Inc. is a leading global provider of personal computing and access devices, imaging and printing products, and related technologies, solutions, and services, serving individual consumers, small- and medium-sized businesses, and large enterprises including government, health, and education customers, following its 2015 separation from Hewlett Packard Enterprise. The company operates through three reportable segments: Personal Systems, which offers commercial and consumer desktops, notebooks, workstations, thin clients, mobility devices, retail POS systems, displays, peripherals, and related services under brands like HP EliteBook, ProBook, Spectre, Envy, Pavilion, and Omen, using Windows and Chrome operating systems with Intel and AMD processors; Printing, which provides consumer and commercial printer hardware, supplies, and solutions spanning office and home printing, graphics/industrial printing (HP DesignJet, Latex, Indigo, PageWide), and 3D printing/digital manufacturing; and Corporate Investments, which includes HP Labs and various business incubation projects. HP sells through a mix of direct and indirect channels including retailers, resellers, distributors, and system integrators, tailoring its go-to-market approach by geography and customer segment.

Manufacturing relies heavily on outsourced manufacturers and third-party suppliers, including a notable dependency on Canon for laser printer engines and cartridges, and on Intel, AMD, Microsoft, and Google for key components and software. The company faces intense competition from firms such as Lenovo, Dell, Apple, Samsung, and Microsoft in Personal Systems, and Canon, Xerox, Epson, Ricoh, and Brother in Printing, competing on innovation, price, quality, brand, and sustainability. HP emphasizes sustainability through its Sustainable Impact strategy, targeting net zero greenhouse gas emissions by 2040, increased product circularity, and various diversity, human rights, and digital equity goals.

The company is subject to extensive environmental and product compliance regulations globally. As of October 31, 2022, HP employed approximately 58,000 people worldwide, including staff from its August 2022 acquisition of Plantronics, Inc. (Poly), and maintains a strong focus on employee diversity, equity, inclusion, development, and wellness programs. HP also holds a substantial intellectual property portfolio, with over 28,000 patents supporting its competitive position and innovation strategy.