HP increased sales by 3.1 percent to $13.93 billion in the third quarter, exceeding analysts' expectations. The main driver was the growing demand for AI-capable personal computers, whose sales grew by double digits compared to the previous quarter.

Above all, corporate customers are increasingly investing in new devices to use productivity-oriented applications from providers such as Zoom or Adobe. At the same time, the gradual transition to Windows 11 is providing additional momentum: With Microsoft ending support for Windows 10 in October, many companies are replacing older devices. HP estimates that so far only a little more than half of users have switched to Windows 11.

In the Personal Systems segment, revenues rose by 6 percent to $9.93 billion, while the printing business remained under pressure with a 4 percent decrease to $3.99 billion. Net income increased from $640 million in the previous year to $763 million. This corresponds to 80 cents per share, up from 65 cents a year earlier.

CEO Enrique Lores emphasized that buyers today hardly want devices without AI features: "Anyone buying a new PC now wants to ensure they can take advantage of future improvements." For the current quarter, he expects mid-single-digit revenue growth.

CFO Karen Parkhill also sees HP on track. Despite rising costs from tariffs, the company largely compensated for the burdens in the third quarter and will be able to fully balance them by the end of the year.

For the fourth quarter, HP forecasts an adjusted profit of 87 to 97 cents per share. Analysts had expected an average of 92 cents.