04:30 PM EST, 11/25/2025 (MT Newswires) -- HP (HPQ) reported fiscal Q4 non-GAAP diluted earnings late Tuesday of $0.93, down from $0.96 a year earlier.

Analysts polled by FactSet expected $0.92.

Revenue for the quarter ended Oct. 31 was $14.64 billion, up from $14.06 billion a year earlier.

Analysts surveyed by FactSet expected $14.50 billion.

The company said it expects fiscal Q1 non-GAAP diluted earnings of $0.73 to $0.81. Analysts surveyed by FactSet expect $0.78.

HP expects fiscal year 2026 non-GAAP diluted earnings of $2.90 to $3.20. Analysts surveyed by FactSet expect $3.34.

HP also announced a company-wide initiative, with estimated gross run rate cost savings of about $1 billion by fiscal 2028-end, and restructuring and other charges of $650 million.

The company plans to reduce its gross global headcount by about 4,000-6,000 employees.

Shares of HP were down more than 5% in after-hours activity.