Page 1

1501 Page Mill Road Palo Alto , CA 94304 hp.com Editorial contacts HP Inc. Media Relations Media Relations@hp.com HP Inc. Investor Relations Investor Relations@hp.com News Release HP Inc. Reports Fiscal 2021 Third Quarter Results PALO ALTO , CA - ( GlobeNewswire ) - August 26 , 2021 - HP ( NYSE : HPQ ) Third quarter GAAP diluted net earnings per share ( " EPS " ) of $ 0.92 , above the previously provided outlook of $ 0.77 to $ 0.81 per share Third quarter non - GAAP diluted net EPS of $ 1.00 , above the previously provided outlook of $ 0.81 to $ 0.85 per share Third quarter net revenue of $ 15.3 billion , up 7.0 % from the prior - year period Third quarter net cash provided by operating activities of $ 1.1 billion , free cash flow of $ 1.0 billion ● Third quarter returned $ 1.7 billion to shareholders in the form of share repurchases and dividends ● ● HP Inc.'s fiscal 2021 third 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 operating activities ( $ B ) Free cash flow ( $ B ) LA LA LA LA LA Q3 FY21 15.3 9.0 % 1.1 0.92 9.8 % 1.2 1.00 1.1 $ hp 1.0 $ Q3 FY20 14.3 5.4 % 0.7 0.52 6.1 % 0.7 0.49 1.7 1.6 Y / Y 7.0 % 3.6 pts 51 % 77 % 3.7 pts 71 % 104 % ( 34 ) % ( 38 ) % Notes to table Information about HP Inc.'s use of non - GAAP financial information is provided under " Use of non - GAAP financial information " below .