HP Inc.#Sports sponsorships
{{Short description|American information technology corporation}}
{{About|the printer and personal computer company that was spun off from Hewlett-Packard|the predecessor company|Hewlett-Packard|the enterprise-focused company|Hewlett Packard Enterprise|other uses|HP (disambiguation)}}
{{Use American English|date=April 2015}}
{{Use mdy dates|date=April 2022}}
{{Infobox company
| name = HP Inc.
| logo = HP logo 2025.svg
| logo_upright = 0.6
| logo_caption = Logo used since March 2025
| logo_alt = A light blue circle with the stylized italic letters "hp" on it
| image = HP Headquarters Palo Alto.jpg
| image_upright = 1.15
| image_caption = Headquarters in Palo Alto, California
| type = Public
| traded_as = {{unbulleted list|{{NYSE|HPQ}}|S&P 500 component}}
| industry = Information technology
| predecessor = Hewlett-Packard
| founded = {{Start date and age|2015|11|01}}
| hq_location = Stanford Research Park
| hq_location_city = {{nowrap |Palo Alto, California}}
| hq_location_country = U.S.
| area_served = Worldwide
| key_people = {{unbulleted list|Chip Bergh (chairman)|Enrique Lores (president & CEO)}}
| products = {{hlist|Personal computers|printers|digital press|3D printers|scanners|copiers|monitors }}
| revenue = {{nowrap|{{decrease}} {{US$|53.56 billion|link=yes}} (2024)}}
| operating_income = {{nowrap|{{increase}} {{US$|3.818 billion}} (2024)}}
| net_income = {{nowrap|{{decrease}} {{US$|2.775 billion}} (2024)}}
| assets = {{nowrap|{{increase}} {{US$|39.91 billion}} (2024)}}
| equity = {{nowrap|{{decrease}} {{US$|-1.32 billion}} (2024)}}
| num_employees = {{circa|58,000}} (2024)
| parent =
| owner =
| website = {{url|https://www.hp.com/|hp.com}}
| divisions = HP Labs
| subsid = List of subsidiaries
| footnotes = Financials {{as of|2024|10|31|df=US|lc=y|pre=fiscal year ended}}.
References:{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/47217/000004721724000080/hpq-20241031.htm |title=HP Inc. FY 2024 Annual Report (Form 10-K) |publisher=U.S. Securities and Exchange Commission |date=December 13, 2024}}
}}
HP Inc. is an American multinational information technology company with its headquarters in Palo Alto, California, that develops personal computers (PCs), printers and related supplies, as well as 3D printing services. It is the world's second-largest personal computer vendor by unit sales after Lenovo and ahead of Dell as of 2024.{{cite web |date=January 11, 2024 |title=Gartner Says Worldwide PC Shipments Increased 0.3% in Fourth Quarter of 2023 but Declined 14.8% for the Year |url=https://www.gartner.com/en/newsroom/press-releases/01-10-2024-gartner-says-worldwide-pc-shipments-increased-zero-point-three-percent-in-fourth-quarter-of-2023-but-declined-fourteen-point-eight-percent-for-the-year |access-date=January 11, 2024 |publisher=Gartner}}
HP Inc. was founded in 2015 as a spin-off of the original Hewlett-Packard Company after the company's enterprise product and business services divisions were split into a new publicly traded company, Hewlett Packard Enterprise.{{cite news |last1=Darrow |first1=Barb |date=October 30, 2015 |title=Bye-bye HP, it's the end of an era |work=Fortune Magazine |url=http://fortune.com/2015/10/30/bye-bye-hp/ |url-status=live |access-date=November 1, 2015 |archive-url=https://web.archive.org/web/20191112133852/https://fortune.com/2015/10/30/bye-bye-hp/ |archive-date=November 12, 2019}} HP Inc. retained the personal computer and printer services divisions from its predecessor, serving as the legal successor of the original company that was originally founded in 1939. HP is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index. In the 2023 Fortune 500 list, HP is ranked 63rd-largest United States corporation by total revenue.{{cite web | title=Fortune 500 | website=Fortune | date=2023-06-05 | url=https://fortune.com/ranking/fortune500/search/ | access-date=2023-10-23}}
History
= As Hewlett-Packard =
{{Main|Hewlett-Packard#History}}
Hewlett-Packard was founded in 1939 by Bill Hewlett and David Packard, who both graduated with degrees in electrical engineering from Stanford University in 1935. The company started off in the HP Garage in Palo Alto, California.
In March 2015, HP announced that Bang & Olufsen would become the company's new premium audio partner for its computers and other devices. This replaced the partnership with Beats Electronics that ended upon being acquired by Apple Inc. in 2014.{{cite web|title=HP makes Bang & Olufsen its new audio partner|url=http://www.cnet.com/news/hp-makes-bang-olufsen-its-new-audio-partner/|website=CNET|access-date=February 21, 2016|archive-date=February 26, 2016|archive-url=https://web.archive.org/web/20160226074822/http://www.cnet.com/news/hp-makes-bang-olufsen-its-new-audio-partner/|url-status=live}}
On November 1, 2015, Hewlett-Packard was split into two companies. Its personal computer and printer businesses became HP Inc., while its enterprise business became Hewlett Packard Enterprise. The split was structured so that Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a new publicly traded company. HP Inc. retains Hewlett-Packard's pre-2015 stock price history and its former stock ticker symbol, HPQ, while Hewlett Packard Enterprise trades under its own symbol, HPE.See company history section of HP Inc.'s information page at [https://www.nyse.com/quote/XNYS:HPQ/company the NYSE Web site] {{Webarchive|url=https://web.archive.org/web/20190609125203/https://www.nyse.com/quote/XNYS:HPQ/company|date=June 9, 2019}}
= As HP Inc. =
In May 2016, HP introduced a new PC gaming sub-brand known as Omen (reusing trademarks associated with VoodooPC), including gaming laptops and desktops (with the latter offering options such as CPU water cooling and Nvidia's GTX 1080 graphics, and promoted as VR-ready), and other accessories (such as monitors) designed to cater to the market.{{cite web|url=https://www.theverge.com/2016/5/26/11774332/hp-omen-gaming-line-announced-laptops-desktop-tower-accessories|title=HP launches new Omen line of gaming laptops, desktops, and accessories|last=Kastrenakes|first=Jacob|date=May 26, 2016|website=The Verge|language=en|access-date=February 28, 2020|archive-date=February 28, 2020|archive-url=https://web.archive.org/web/20200228180530/https://www.theverge.com/2016/5/26/11774332/hp-omen-gaming-line-announced-laptops-desktop-tower-accessories|url-status=live}} Between May and August of that year, certain assets were sold to OpenText, including TeamSite and Exstream.
In November 2017, HP acquired Samsung Electronics' printer division for $1.05 billion.{{cite web|url=https://www.cnbc.com/2017/11/01/hp-completes-purchase-samsung-printer-business.html|title=HP completes purchase of Samsung printer business|last=Choudhury|first=Saheli Roy|date=November 1, 2017|website=www.cnbc.com|access-date=December 22, 2018|archive-date=March 18, 2021|archive-url=https://web.archive.org/web/20210318092201/https://www.cnbc.com/2017/11/01/hp-completes-purchase-samsung-printer-business.html|url-status=live}}
In February 2021, HP announced its acquisition of Kingston's gaming division HyperX for $425 million.{{cite web|url=https://press.hp.com/us/en/press-releases/2021/hp-inc-to-acquire-hyperx.html|title=HP Inc. to Acquire HyperX|date=February 24, 2021|website=HP Press Center|language=en|access-date=June 12, 2021|archive-date=June 9, 2021|archive-url=https://web.archive.org/web/20210609060555/https://press.hp.com/us/en/press-releases/2021/hp-inc-to-acquire-hyperx.html|url-status=live}}{{Cite news |date=2021-02-25 |title=HP is buying gaming accessory brand HyperX for $425 million |publisher=The Verge |url=https://www.theverge.com/2021/2/24/22298904/hp-acquires-hyperx-kingston-announcement |access-date=2022-08-12}} The deal only includes computer peripherals branded as HyperX, not memory or storage. The sale was completed in June 2021.{{cite web|url=https://press.hp.com/us/en/press-releases/2021/hp-inc-completes-acquisition-of-hyperx.html|title=HP Inc. Completes Acquisition of HyperX|date=June 1, 2021|website=HP Press Center|language=en|access-date=June 12, 2021|archive-date=June 10, 2021|archive-url=https://web.archive.org/web/20210610084516/https://press.hp.com/us/en/press-releases/2021/hp-inc-completes-acquisition-of-hyperx.html|url-status=live}}
In February 2022, HP announced it had acquired the Edinburgh-based packaging development company, Choose Packaging, in an effort to strengthen its capabilities in the sustainable packaging vertical.{{cite web|date=February 3, 2022|title=HP acquires plastic-free packaging company Choose Packaging|url=https://www.packaging-gateway.com/news/hp-choose-packaging/|access-date=February 3, 2022|website=Packaging Gateway|language=en-US|archive-date=February 3, 2022|archive-url=https://web.archive.org/web/20220203195016/https://www.packaging-gateway.com/news/hp-choose-packaging/|url-status=live}}{{cite web|title=HP Inc. Acquires Choose Packaging|url=https://press.hp.com/us/en/press-releases/2022/hp-inc-acquires-choose-packaging.html|access-date=February 3, 2022|website=press.hp.com|language=en-US|archive-date=February 3, 2022|archive-url=https://web.archive.org/web/20220203192007/https://press.hp.com/us/en/press-releases/2022/hp-inc-acquires-choose-packaging.html|url-status=live}}
In March 2022, HP announced the acquisition of the California-headquartered communications software and hardware provider Poly Inc. in an all-cash transaction. HP said the cash amount agreed was $40 per share, which implied a total enterprise value of $3.3bn, inclusive Poly's net debts.{{Cite web |last=Gowran |first=Leigh Mc |date=March 28, 2022 |title=HP acquires Poly for $3.3bn to strengthen hybrid work portfolio |url=https://www.siliconrepublic.com/business/hp-inc-poly-acquisition-3-3bn-hybrid-work |access-date=March 28, 2022 |website=Silicon Republic |language=en}}
In May 2024, HP announced its intentions on restructuring their lineup of consumer PCs in preparation for the next generation of computers with artificial intelligence, stating that most of its PC models (except Omen) would adopt a new branding nomenclature under the new Omni brand, which consisted of the OmniBook (a revival of an old brand that was defunct in 2002 after acquiring Compaq that year), OmniStudio and OmniDesk models.{{Cite web |last=Harding |first=Scharon |date=2024-05-20 |title=HP resurrects '90s OmniBook branding, kills Spectre, Dragonfly |url=https://arstechnica.com/gadgets/2024/05/hp-resurrects-90s-omnibook-branding-kills-spectre-dragonfly/ |access-date=2024-05-20 |website=Ars Technica |language=en-us}}{{Cite web |last=Cranz |first=Alex |date=2024-05-20 |title=HP is simplifying its laptop lineup and embracing the AI PC |url=https://www.theverge.com/2024/5/20/24160524/hp-omnibook-elitebook-ai-pc-laptop-surface-event |access-date=2024-05-20 |website=The Verge |language=en}} The new Omni brand of computers featured AI-powered hardware and software, and currently coexists with HP's other existing, non-AI products {{asof|lc=y|2025}}, some of which are still being offered to this day.
= Attempted merger with Xerox =
On November 5, 2019, The Wall Street Journal reported that print and digital document company Xerox was contemplating acquiring HP.{{Cite news|url=https://www.wsj.com/articles/xerox-considers-takeover-offer-for-hp-11573012201|title=Xerox Considers Takeover Offer for HP|last=Lombardo|first=Cara|website=The Wall Street Journal|date=November 6, 2019|language=en-US|access-date=November 6, 2019|archive-date=February 28, 2020|archive-url=https://web.archive.org/web/20200228192140/https://www.wsj.com/articles/xerox-considers-takeover-offer-for-hp-11573012201|url-status=live}} The company unanimously rejected two unsolicited offers, including a cash-and-stock offer at $22 per-share.{{cite web|url=https://www.cnbc.com/2019/11/07/xerox-offers-hp-22-a-share-in-takeover-bid-sources-say.html|title=Xerox offers to buy HP for $22, sources say, more than 30% higher than where it traded a month ago|last=Franck|first=Thomas|date=November 7, 2019|website=CNBC|language=en|access-date=February 28, 2020|archive-date=February 28, 2020|archive-url=https://web.archive.org/web/20200228181606/https://www.cnbc.com/2019/11/07/xerox-offers-hp-22-a-share-in-takeover-bid-sources-say.html|url-status=live}} HP stated that there was "uncertainty regarding Xerox's ability to raise the cash portion of the proposed consideration" (especially given that Xerox is a smaller company in terms of market cap than HP), and noted the company's aggressiveness.{{cite web|url=https://techcrunch.com/2019/11/25/hp-rejects-xerox-again-but-leaves-door-open-for-negotiation/|title=HP rejects Xerox again, but leaves door open for negotiation|website=TechCrunch|date=November 25, 2019 |language=en-US|access-date=February 28, 2020|archive-date=October 9, 2020|archive-url=https://web.archive.org/web/20201009163333/https://techcrunch.com/2019/11/25/hp-rejects-xerox-again-but-leaves-door-open-for-negotiation/|url-status=live}} On November 26, 2019, Xerox issued a public letter defending allegations by HP that its offer was "uncertain" and "highly conditional", and declared its intent to "engage directly with HP shareholders to solicit their support in urging the HP Board to do the right thing and pursue this compelling opportunity."{{cite web|url=https://techcrunch.com/2019/11/26/xerox-tells-hp-it-will-bring-takeover-bid-directly-to-shareholders/|title=Xerox tells HP it will bring takeover bid directly to shareholders|website=TechCrunch|date=November 26, 2019 |language=en-US|access-date=February 28, 2020|archive-date=October 9, 2020|archive-url=https://web.archive.org/web/20201009163322/https://techcrunch.com/2019/11/26/xerox-tells-hp-it-will-bring-takeover-bid-directly-to-shareholders/|url-status=live}}
Xerox stated in January 2020 that it would propose the replacement of HP's board of directors during its next shareholder meeting in April 2020. In a statement to TechCrunch, HP disclosed a belief that Xerox's bid was being "driven by" activist shareholder Carl Icahn.{{cite web|url=https://techcrunch.com/2020/01/23/xerox-wants-to-replace-hp-board-that-rejected-takeover-bid/|title=Xerox wants to replace HP board that rejected takeover bid|website=TechCrunch|date=January 23, 2020 |language=en-US|access-date=February 28, 2020|archive-date=October 9, 2020|archive-url=https://web.archive.org/web/20201009163330/https://techcrunch.com/2020/01/23/xerox-wants-to-replace-hp-board-that-rejected-takeover-bid/|url-status=live}} Xerox raised its bid to $24 per-share in February 2020.{{Cite news|last=Sebastian|first=Dave|url=https://www.wsj.com/articles/xerox-raises-offer-for-hp-plans-to-launch-takeover-bid-in-early-march-11581342655|title=Xerox Raises Its Bid to Acquire HP|date=February 10, 2020|work=Wall Street Journal|access-date=February 10, 2020|language=en-US|issn=0099-9660|archive-date=February 28, 2020|archive-url=https://web.archive.org/web/20200228180532/https://www.wsj.com/articles/xerox-raises-offer-for-hp-plans-to-launch-takeover-bid-in-early-march-11581342655|url-status=live}}
On February 21, 2020, HP instituted a shareholder rights plan to fend off Xerox's pursuit of a hostile takeover. Four days later, HP announced that, if shareholders rejected the Xerox purchase, it planned on offering $16 billion in capital return between fiscal 2020 and 2022, including $8 billion in additional share buybacks and raising its "target long-term return of capital to 100% of free cash flow generation". HP criticized Xerox's bid as a "flawed value exchange" based on "overstated synergies".{{Cite news|last=Armental|first=Maria|url=https://www.wsj.com/articles/hp-to-buy-back-15-billion-in-stock-to-battle-xerox-takeover-bid-11582578485|title=HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid|date=February 25, 2020|work=Wall Street Journal|access-date=February 28, 2020|language=en-US|issn=0099-9660|archive-date=February 28, 2020|archive-url=https://web.archive.org/web/20200228180532/https://www.wsj.com/articles/hp-to-buy-back-15-billion-in-stock-to-battle-xerox-takeover-bid-11582578485|url-status=live}}{{cite web|url=https://techcrunch.com/2020/02/25/hp-offers-its-investors-billions-in-shareholder-returns-to-avoid-a-xerox-tie-up/|title=HP offers its investors billions in shareholder returns to avoid a Xerox tie-up|website=TechCrunch|date=February 25, 2020 |language=en-US|access-date=February 28, 2020|archive-date=October 9, 2020|archive-url=https://web.archive.org/web/20201009163321/https://techcrunch.com/2020/02/25/hp-offers-its-investors-billions-in-shareholder-returns-to-avoid-a-xerox-tie-up/|url-status=live}} On March 5, 2020, HP rejected an offer at $24 per-share.{{Cite news|last=Sebastian|first=Dave|url=https://www.wsj.com/articles/hp-rejects-xerox-takeover-offer-11583408223|title=HP Rejects Xerox's Raised Takeover Offer|date=March 5, 2020|work=Wall Street Journal|access-date=March 9, 2020|language=en-US|issn=0099-9660|archive-date=March 7, 2020|archive-url=https://web.archive.org/web/20200307010409/https://www.wsj.com/articles/hp-rejects-xerox-takeover-offer-11583408223|url-status=live}}
On March 31, 2020, Xerox rescinded its bid to buy HP Inc, citing that "the current global health crisis and resulting macroeconomic and market turmoil" had "created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc."{{Cite press release|url=https://www.news.xerox.com/news/Xerox-provides-update-on-proposal-to-acquire-HP|title=Xerox Provides Update on Proposal to Acquire HP|publisher=Xerox|date=March 31, 2020|access-date=April 5, 2020|archive-date=April 4, 2020|archive-url=https://web.archive.org/web/20200404234813/https://www.news.xerox.com/news/Xerox-provides-update-on-proposal-to-acquire-HP|url-status=live}}
Products and operations
{{see also|List of assets owned by HP}}{{Expand section|date=November 2024}}
File:The_New_Travel_PC.jpg Aero 13 notebook computer by HP (2021)]]
File:HP OmniBook X.jpg X AI laptop (2024)]]
File:HP Z6 (极客湾Geekerwan) 005 cropped.png high-end workstation (2023)]]
File:HP LaserJet Enterprise M558 01.jpg Enterprise color printer]]
HP develops personal computers (PCs), printers and related supplies, as well as 3D printing services.{{r|2023 Form 10-K|page=5–6}} Its consumer PCs {{asof|lc=y|2024}} include the Essential line and Pavilion (consumer), Envy and Spectre (high-end and prosumer), and Omen (gaming), as well as AI-powered consumer PCs marketed under the Omni brand such as the OmniBook, OmniDesk and OmniStudio. HP's business computers are marketed under the "Pro" and "Elite" prefixes. It also manufactures the DeskJet, OfficeJet, LaserJet, and Envy series of printers.{{Cite web |date=2024-11-15 |title=Major HP Printer Models by Year: A Chronological Guide to Innovation - Printing Watch |url=https://www.printingwatch.com/major-hp-printer-models-by-year |access-date=2025-06-11 |website=www.printingwatch.com |language=en-US}} In the professional space, HP market the HP Z series of desktop workstations and its mobile equivalent, HP ZBook.
{{Clear}}
Corporate affairs
In fiscal year 2023, total revenue of {{US$|54 billion|link=yes}} included US$24.7 billion from the sale of notebook computers, US$10.9 billion from the sale of desktop computers, US$11.4 billion from the sale of printer supplies, US$4.2 billion from the sale of commercial printers, and US$2.4 billion from the sale of consumer printers.{{r|2023 Form 10-K|page=40–41}} Over 65 percent of revenue in 2022 came from customers outside of the United States.{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/47217/000004721723000100/hpq-20231031.htm |title=HP Inc. Fiscal 2023 Annual Report (Form 10-K) |publisher=U.S. Securities and Exchange Commission |date=December 18, 2023}}{{rp|page=13}}
HP's first quarter fiscal 2024 net revenue was $13.2 billion, representing a 4.4% decrease (4.9% in constant currency) year-over-year.{{Cite web |title=HP Inc. Reports Fiscal 1Q 2024 Results |url=https://www.inkworldmagazine.com/contents/view_breaking-news/2024-02-29/hp-inc-reports-fiscal-1q-2024-results/ |access-date=2024-04-17 |website=Ink World}}{{Cite web |last=Discuss |first=GFreeman |date=2024-02-29 |title=HP Reports Fiscal 2024 First Quarter Results |url=https://www.techpowerup.com/319774/hp-reports-fiscal-2024-first-quarter-results |access-date=2024-04-17 |website=TechPowerUp |language=en}} HP's strong operating activities in the first quarter of fiscal 2024 generated $121 million in net cash. The company also reported a positive free cash flow of $25 million for the quarter.{{Cite web |last=Nhi |first=Gia |date=2022-04-08 |title=Why Is HP (HPQ) Up 6.7% Since Last Earnings Report? |url=https://www.nasdaq.com/articles/why-is-hp-hpq-up-6.7-since-last-earnings-report |access-date=2024-04-17 |language=en}}{{Cite web |last=Nhi |first=Gia |date=2022-04-08 |title=Hoàng Hà PC |url=https://hoanghapc.vn/ |access-date=2024-04-17 |website=Forbes Việt Nam |language=vi}}{{Cite web |date=2022-04-08 |title=HP (HPQ) Q1 Earnings Match, Revenues Miss, Stock Falls 3% |url=https://www.nasdaq.com/articles/hp-hpq-q1-earnings-match-revenues-miss-stock-falls-3 |access-date=2024-04-17 |language=en}} Free cash flow includes $121 million in net cash from operating activities, with adjustments of $62 million for net lease investments and $158 million for property, plant, and equipment investments.{{Cite web |date=2022-04-08 |title=HP Inc. Reports Fiscal 2024 First Quarter Results |url=https://investor.hp.com/news-events/news/news-details/2024/HP-Inc.-Reports-Fiscal-2024-First-Quarter-Results/default.aspx |access-date=2024-04-17 |language=en}}
The key trends for HP Inc. are (as of the financial year ending October 31):{{Cite web |title=HP Inc. Income Statement |url=https://www.wsj.com/market-data/quotes/HPQ/financials/annual/income-statement |access-date=23 July 2024 |website=WSJ}}{{Cite web |date=2020-02-25 |title=HP Inc. Income Statement (2015-2019) - WSJ |url=https://www.wsj.com/market-data/quotes/HPQ/financials/annual/income-statement |archive-url=https://web.archive.org/web/20200225133639/https://www.wsj.com/market-data/quotes/HPQ/financials/annual/income-statement |url-status=dead |archive-date=2020-02-25 |access-date=2024-07-23 }}
class="wikitable" style="text-align:center"
!FY !Revenue (US$ bn) !Net profit (US$ bn) !Employees{{Cite web |title=HP: Number of Employees 2010-2024 {{!}} HPQ |url=https://www.macrotrends.net/stocks/charts/HPQ/hp/number-of-employees |access-date=2024-07-23 |website=www.macrotrends.net}}{{Cite web |title=HP Inc. Number of Employees 1988-2023 |url=https://stockanalysis.com/stocks/hpq/employees/ |access-date=2024-07-23 |website=Stock Analysis |language=en}} |
2015
|50.4 |3.7 |? |
2016
|48.2 |2.6 |49,000 |
2017
|52.2 |2.5 |49,000 |
2018
|58.1 |5.3 |55,000 |
2019
|58.3 |3.1 |56,000 |
2020
|56.5 |2.8 |53,000 |
2021
|63.2 |6.5 |51,000 |
2022
|62.0 |3.1 |58,000 |
2023
|53.4 |3.2 |58,000 |
2024
|53.6 |2.8 |58,000 |
=Sports sponsorships=
==Formula 1==
{{multiple image
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| width1 =
| image1 = Ralf Schumacher Indianapolis 2003.jpg
| alt1 =
| caption1 = HP sponsorship on the Williams FW25, 2003
| width2 =
| image2 = 2025 Japan GP - Ferrari - Charles Leclerc - FP1.jpg
| alt2 =
| caption2 = HP sponsorship on the Scuderia Ferrari SF-25, 2025
}}
HP has had a long history with Formula 1 sponsorship beginning in 1988 with a single season sponsorship with Larrousse{{cite AV media|people=GTHO|date=1 December 2018|title=File:Lola LC88.jpg - Wikimedia Commons|url=https://commons.wikimedia.org/wiki/File:Lola_LC88.jpg|trans-title= Lola LC88.jpg|type=photograph}} Throughout the 1990s and 2000s, HP served as a minor sponsor and technology supplier for many teams, including Forti (1996), Jordan (1996-2002), Benetton (1997-1999), Minardi (1997), Stewart (1998-1999), Jaguar (2000-2003) and Renault (2010).
From 2002 to 2005, HP served as title sponsor of Williams Racing (then known as BMW WilliamsF1 at the time) after acquiring Compaq in 2002;{{Cite web |title=Williams F1 - WilliamsF1 goes HP |url=https://www.f1network.net/main/s107/st6744.htm |access-date=2024-07-22 |website=www.f1network.net}} Compaq previously served as title sponsor of the team from 2000 to 2001. HP lost the sponsorship deal with Williams Racing in 2005.{{citeweb|title= BBC SPORT - Motorsport - Formula One - Williams lose HP sponsorship deal|date=14 September 2005|website=news.bbc.co.uk/sport1|url=http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/4245244.stm|access-date=11 April 2025}}
In April 2024, HP announced that they have signed a multi-year deal to become the title sponsor for Ferrari team, extending to the team's F1 Academy and esports programs.{{Cite web |date=2024-04-24 |title=Ferrari announces HP as new F1 team title sponsor |url=https://www.motorsport.com/f1/news/ferrari-announces-hp-as-new-f1-team-title-sponsor/10602729/ |archive-url=https://web.archive.org/web/20240424141647/https://www.motorsport.com/f1/news/ferrari-announces-hp-as-new-f1-team-title-sponsor/10602729/ |archive-date=April 24, 2024 |access-date=2024-04-24}}
==Association Football==
File:Tottenham Hotspur Home kits 1997-1999 & 2012-2013.jpg sponsorship on Tottenham Hotspur's 1997-99 and 2012-13 home kits]]
HP has been the shirt sponsor for the English Premier League football club Tottenham Hotspur from 1995 to 1999, preceding and succeeding the German lager Holsten. Enterprise software company Autonomy became Tottenham's shirt sponsor beginning in the 2010-11 season for domestic matches, but were acquired by HP in 2011. HP continued with the deal, changing the sponsorship in 2011-12 season to feature Autonomy's augmented reality platform Aurasma, before replacing the previous Autonomy branding with HP branding for the final year of the sponsorship in the 2013-2014 season.{{cite web|title=Tottenham Hotspur announces new shirt sponsorship with Autonomy|date=8 July 2010|website=tottenhamhotspur.com|url=https://www.tottenhamhotspur.com/news-archive-1/tottenham-hotspur-announces-new-shirt-sponsorship-with-autonomy/|access-date=11 April 2025}}{{cite web|title=Tottenham Hotspur shirts to feature Autonomy's Aurasma|date=19 June 2011|website=tottenhamhotspur.com|url=https://www.tottenhamhotspur.com/news-archive-1/tottenham-hotspur-shirts-to-feature-autonomys-aurasma/|access-date=11 April 2025}}{{cite web|title=Club announces HP as principal partner|date=8 April 2013|website=tottenhamhotspur.com|url=https://www.tottenhamhotspur.com/news-archive-1/club-announces-hp-as-principal-partner/|access-date=11 April 2025}}
In February 2024, HP signed a 3-year sleeve sponsorship deal with Real Madrid, being the first sleeve sponsor of the club's 121-year history.{{cite web |date=2 February 2024 |title=Real Madrid and HP Announce Historic Global Collaboration |url=https://www.realmadrid.com/en-US/news/club/sponsors/el-real-madrid-y-hp-anuncian-un-acuerdo-de-patrocinio-historico-02-02-2024 |website=realmadrid.com}}
= Carbon footprint =
{{Cleanup press release|date=November 2024}}
HP reported total CO2e emissions for the twelve months ending October 31, 2023, at 19,764,400 tonnes CO2-equivalent{{cite web |title=HP Inc.'s Sustainable Impact Report for 2023Q4 |url=https://www8.hp.com/h20195/v2/GetPDF.aspx/c08980815.pdf |archive-url=https://web.archive.org/web/20240612221456/https://www8.hp.com/h20195/v2/GetPDF.aspx/c08980815.pdf |archive-date=June 12, 2024}} and plans to reduce emissions 60% by 2025 from a 2015 base year.{{cite web |title=HP Inc.'s Sustainability Report for 2020Q4 |url=https://h20195.www2.hp.com/v2/GetDocument.aspx?docname=c07539064 |archive-url=https://web.archive.org/web/20210610121916/https://h20195.www2.hp.com/v2/GetDocument.aspx?docname=c07539064 |archive-date=June 10, 2021}} [https://analytics.exerica.com/App/Name/HP%20Inc./Climate%20Goal%5BClimate%20Goal,Total%20CO2e%20emissions%20(Scope%201%20%2b%20Scope%202)%5D/2020Q4 Alt URL] {{Webarchive|url=https://web.archive.org/web/20211111105900/https://analytics.exerica.com/App/Name/HP%20Inc./Climate%20Goal%5BClimate%20Goal,Total%20CO2e%20emissions%20(Scope%201%20+%20Scope%202)%5D/2020Q4|date=November 11, 2021}}
According to a press release issued on April 20, 2021,{{cite web |title=HP Inc. Announces Ambitious Climate Action Goals |url=https://www.hp.com/us-en/newsroom/press-releases/2021/hp-inc-announces-ambitious-climate-action-goals.html}} HP seeks to achieve net zero greenhouse gas emissions by 2040.
Controversies
{{About|the company created in 2015|information about controversies concerning the predecessor company|Hewlett-Packard#Controversies}}
= Blocking third-party ink cartridges=
In 2016, HP introduced firmware in its printers that disabled the printers if users used ink or toner cartridges which did not contain “new or reused HP chips or electronic circuitry.” As a result, HP faced scathing criticism (such as that from the Electronic Frontier Foundation{{cite web |last1=Doctorow |first1=Cory |title=What HP Must Do to Make Amends for Its Self-Destructing Printers |url=https://www.eff.org/deeplinks/2016/09/what-hp-must-do-make-amends-its-self-destructing-printers |website=Electronic Frontier Foundation |date=September 26, 2016 |access-date=16 May 2023}}) and paid millions in class-action lawsuits, such as to certain customers in the US ($1.5 million{{Cite web |date=2019-04-25 |title=HP Printer Firmware Case - Joseph Saveri Law Firm |url=https://www.saverilawfirm.com/our-cases/hp/ |url-status=live |archive-url=https://web.archive.org/web/20221104182248/https://www.saverilawfirm.com/our-cases/hp/ |archive-date=2022-11-04 |access-date=2023-08-04 |website=www.saverilawfirm.com |language=en}}), Canada ($700,000 CAD{{Cite web |date=2019-04-24 |title=Lex Group Attorneys / Avocats - Montreal {{!}} HP OfficeJet Printers – Dynamic Security / Non-HP Ink Cartridges – Canadian Class Action Settlement |url=https://www.lexgroup.ca/classaction/hp-officejet-printers-dynamic-security-non-hp-ink-cartridges-canadian-class-action-settlement/ |url-status=live |archive-url=https://web.archive.org/web/20230525063023/https://www.lexgroup.ca/classaction/hp-officejet-printers-dynamic-security-non-hp-ink-cartridges-canadian-class-action-settlement/ |archive-date=2023-05-25 |access-date=2023-08-04 |language=en-US}}), Australia, and Europe ($1.350 million{{Cite web |title=HP and Euroconsumers settle on Dynamic Security {{!}} Euroconsumers |url=https://www.euroconsumers.org/activities/hp-and-euroconsumers-reach-a-settlement-on-dynamic-security-dispute |url-status=dead |archive-url=https://web.archive.org/web/20230625064707/https://www.euroconsumers.org/activities/hp-and-euroconsumers-reach-a-settlement-on-dynamic-security-dispute |archive-date=2023-06-25 |access-date=2023-08-04 |website=www.euroconsumers.org}}), but without admitting wrongdoing. HP's stated that the firmware was intended to provide "the best consumer experience" and "protect" customers from "counterfeit and third-party ink cartridges that do not contain an original HP security chip and that infringe on our IP."{{cite web |last1=Harding |first1=Scharon |title=HP outrages printer users with firmware update suddenly bricking third-party ink |url=https://arstechnica.com/gadgets/2023/03/customers-fume-as-hp-blocks-third-party-ink-from-more-of-its-printers/?comments=1&comments-page=1 |website=Ars Technica |date=March 9, 2023 |access-date=16 May 2023}}
In 2023, PC World reported that HP printers still prevent users from using third-party ink.{{Cite web |date=2023 |title=HP printers still block third-party ink. These models have a workaround |url=https://www.pcworld.com/article/1656073/these-hp-printers-can-be-upgraded-to-allow-third-party-printer-ink.html |website=PCWorld |language=en}}
= Disabling all-in-one printers =
In 2023, HP was sued over allegations that it intentionally designed its all-in-one printers not to perform scanning or faxing when they were low on ink.{{Cite news |date=2023-08-11 |title=Lawsuit claiming HP all-in-one printers are defective can proceed |url=https://www.reuters.com/legal/lawsuit-claiming-hp-all-in-one-printers-are-defective-can-proceed-2023-08-11/ |archive-url=https://web.archive.org/web/20230816010758/https://www.reuters.com/article/hp-printers-lawsuit-idTRNIKBN2ZM0ZS |archive-date=2023-08-16 |access-date=2024-09-08 |work=Reuters |language=en}}
= Disabling ink cartridges =
In February 2019, How-To Geek published an article reporting that HP remotely disabled ink cartridges when the user cancels their Instant Ink subscription.{{Cite web |last=Hendrickson |first=Josh |date=2019-02-08 |title=HP's Ink Subscription Has DRM That Disables Your Printer Cartridges |url=https://www.howtogeek.com/403346/hps-ink-subscription-has-drm-that-disables-your-printer-cartridges/ |access-date=2024-05-06 |website=How-To Geek |language=en}}
= Xinjiang region =
{{See also|Xinjiang internment camps|Persecution of Uyghurs in China}}
In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including HP Inc, of being potentially connected to forced Uyghur labor in the Chinese Xinjiang province.{{Cite web |last1=Xu |first1=Vicky Xiuzhong |last2=Cave |first2=Danielle |last3=Leibold |first3=James |last4=Munro |first4=Kelsey |last5=Ruser |first5=Mathan |date=March 1, 2020 |title='Re-education', forced labour and surveillance beyond Xinjiang. |url=https://www.aspi.org.au/report/uyghurs-sale/ |access-date=April 5, 2022 |website=Australian Strategic Policy Institute}}
In 2022, in response to the U.S. Uyghur Forced Labor Prevention Act, HP responded, "HP is committed to respecting human rights across our global supply chain and we prohibit the use of involuntary labor of any kind. HP also commits to respecting fundamental rights and freedoms defined in the United Nations (UN) Universal Declaration of Human Rights (UDHR) in an approach consistent with the UN Guiding Principles on Business and Human Rights (UNGPs) as outlined in our Human Rights Policy."{{Cite web |date=September 14, 2022 |title=Company responses regarding commitments to apply a single global standard aligned with Uyghur Forced Labor Prevention Act (UFLPA) |url=https://www.business-humanrights.org/en/latest-news/responses-to-uflpa-outreach/ |access-date=July 30, 2023 |website=Business & Human Rights Resource Centre}}{{Cite web |date=October 12, 2022 |title=Company Response: HP responded
|url=https://www.business-humanrights.org/en/latest-news/hp-responded/ |access-date=July 30, 2023 |website=Business & Human Rights Resource Centre}}
= Israeli conflicts =
In 2023, HP as well as Hewlett Packard Enterprise (HPE) has come under criticism for Hewlett-Packard Israel's products under provided to the Israeli Police, Israeli Prison Service, and Israeli Population and Immigration Authority. The BDS movement has called for consumers and organizations to boycott all HPE IT services and products as well as printers, computers, and printer cartridges from HP Inc.{{cite web|title=Boycott HP- Campaign Update during #GazaGenocide|url=https://bdsmovement.net/BoycottHP-GazaGenocide-Update |website=BDS |date=December 13, 2023 |access-date=12 January 2024}}
= Obsolescence practices =
In 2024, A French association called Halte à l'Obsolescence Programmée (HOP) filed a complaint against the printer manufacturer HP, accusing it of planned obsolescence practices. The complaint alleges that HP artificially blocks printers when it detects a cartridge as empty, even if there is ink remaining. HOP argued these practices force consumers to purchase new cartridges unnecessarily, contributing to waste and environmental harm.{{cite news | url=https://www.lemonde.fr/pixels/article/2024/11/26/l-association-halte-a-l-obsolescence-programmee-porte-plainte-contre-le-fabricant-d-imprimantes-hp_6414732_4408996.html | title=L'Association Halte à l'obsolescence programmée porte plainte contre le fabricant d'imprimantes HP }}
= Buggy drivers =
In February 2025, HP started pushing out buggy BIOS through Windows Update, which affected some models of ProBooks and EliteBooks. HP replied that they are investigating problems.{{cite web | url=https://news.qq.com/rain/a/20250228A06OVV00 | title=惠普被曝错误推送Bios更新导致笔记本无法开机,官方回应称需报修_腾讯新闻 | date=February 28, 2025 }}
Logo history
=Hewlett-Packard era (1954–2015)=
File:HP-original-logo-1954-trademark.svg|alt=An outlined circle with the italic letters "hp" on it|1954–1964
File:Hewlett-Packard logo 1964.svg|1964–1981
File:Hewlett-Packard logo 1979 blue.svg|alt=A dark blue rounded rectangle with a hollow circle, the stylized italic letters "hp" on it and the black words "HEWLETT PACKARD"|1979–2008
File:HP logo 1979.svg|alt=A dark blue rounded rectangle with a hollow circle and the stylized italic letters "hp" on it|1999–2012
File:HP LOGO.png|alt=A stylized glossy blue circle with the stylized italic letters "hp" on it|2000–2008
File:HP logo 2008.svg|alt=A dark blue circle with the stylized italic letters "hp" on it|2008–2014
File:HP logo 2012.svg|alt=A light blue circle with the stylized italic letters "hp" on it|2012–2015
=HP Inc. era (2015–present)=
Image:HP logo 2012.svg|2015–2025|alt=A light blue circle with the stylized italic letters "hp" on it
Image:HP logo 2025.svg|2025–present|alt=A deep blue circle with the stylized italic letters "hp" on it
Image:Hp alt 2016.svg|2016–present (alternative logo used on some computers)|alt=Four black strokes representing the letters "hp"
See also
{{Portalbar|San Francisco Bay Area|Companies|Telecommunication|Electronics|Technology}}
- Hewlett Packard Enterprise – the demerged sibling company that offers servers, storage, networking and communications.
- HP Labs
- List of largest technology companies by revenue
References
{{reflist}}
External links
- {{Official website}}
{{Finance links
| name = HP Inc.
| symbol = HPQ
| sec_cik = 47217
| yahoo = HPQ
| google = HPQ:NYSE
}}
{{HP}}
{{Major computer hardware companies}}
{{Major imaging companies}}
{{Electronics industry in the United States}}
{{Authority control}}
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