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1501 Page Mill Road Palo Alto , CA 94304 hp.com Editorial contacts HP Inc. Media Relations MediaRelations@hp.com HP Inc. Investor Relations Investor Relations@hp.com News Release HP Inc. Reports Fiscal 2021 Second Quarter Results PALO ALTO , CA - ( GlobeNewswire ) – May 27 , 2021 - HP ( NYSE : HPQ ) Second quarter GAAP diluted net earnings per share ( " EPS " ) of $ 0.98 , above the previously provided outlook of $ 0.82 to $ 0.88 per share Second quarter non - GAAP diluted net EPS of $ 0.93 , above the previously provided outlook of $ 0.84 to $ 0.90 per share Second quarter net revenue of $ 15.9 billion , up 27.3 % from the prior - year period Second quarter net cash provided by operating activities of $ 1.4 billion , free cash flow of $ 1.3 billion Second quarter returned $ 1.8 billion to shareholders in the form of share repurchases and dividends HP Inc.'s fiscal 2021 second quarter financial performance GAAP net revenue ( $ B ) GAAP operating margin GAAP net earnings ( $ B ) GAAP diluted net EPS Non - GAAP operating margin Non - GAAP net earnings ( $ B ) Non - GAAP diluted net EPS Net cash provided by ( used in ) operating activities ( $ B ) Free cash flow ( $ B ) LA CA LA CA Q2 FY21 15.9 8.6 % $ $ hp 1.2 0.98 9.1 % 1.2 0.93 1.4 1.3 $ Q2 FY20 12.5 6.6 % 0.8 0.53 7.5 % 0.7 0.51 ( 0.5 ) ( 0.6 ) Notes to table Information about HP Inc.'s use of non - GAAP financial information is provided under " Use of non - GAAP financial information " below . NM - Not meaningful Y / Y 27.3 % 2.0 pts 61 % 85 % 1.6 pts 56 % 82 % NM NM