HP reports increased computer sales with optimism rising for AI PCs

HP Inc. reported quarterly revenue that topped analysts’ estimates, including the first increase in PC sales in two years, an optimistic signal for a long-awaited rebound in the market.

Revenue from HP’s computer unit increased 3 per cent to $8.43 billion in the fiscal second quarter, compared with the $8.28 billion expected by analysts. The business had been declining since May 2022 on a year-over-year basis. The jump was due to commercial sales, which rose 6 per cent to $6.24 billion. Consumer sales continued to decline, slipping 3 per cent to $2.18 billion, the company said Wednesday in a statement.