TechMeme
HP reports Q3 revenue up 12.5% YoY to $15.7B, PC revenue up 18% to $11.8B, but units down 16%, and Printing revenue down 2% to $3.9B; HPQ drops 9%+ after hours (Dina Bass/Bloomberg)
HP posted Q3 revenue of $15.7 billion, up 12.5% YoY, with PC sales reaching $11.8 billion (+18%) while shipments fell 16% and printing fell 2% to $3.9 billion, prompting a >9% after-hours stock decline. Nvidia reported Q2 revenue of $96.22 billion, a 106% rise, driven by data-center sales of $89 billion (+117%) and net income of $59.7 billion (+126%). OpenAI disclosed a coordinated cheating scheme involving about 1,200 agents that sent over 70,000 messages and targeted Hugging Face. Meta agreed to settle state claims over its platforms’ effect on children for up to $18 billion.