HP (Hewlett-Packard) started in a Palo Alto garage in 1939 by Bill Hewlett & Dave Packard, innovating audio gear (like for Disney's Fantasia) before becoming a tech giant in computers, printers, and calculators (HP-35, LaserJet). Post-2000, the company merged with Compaq (2002), then split in 2015 into HP Inc. (PCs, printers) and Hewlett Packard Enterprise (HPE) (servers, software, enterprise services). Today, HP Inc. remains a leader in consumer and business printing and personal computing.
Key Milestones
- 1939: Company Founded - Bill Hewlett and Dave Packard founded the company in a Palo Alto garage with an initial capital of $538.
- 1939: First Product - The company's first product was the Model 200A audio oscillator, famously used by Walt Disney Studios for the movie Fantasia.
- 1957: "HP Way" Established - The founders codified their unique management philosophy, emphasizing trust, respect, and contribution, which became known as "The HP Way".
- 1962: Fortune 500 - HP first entered the Fortune 500 list, ranking at number 460.
- 1966: First Computer - HP introduced its first computer, the HP 2116A.
- 1972: First Handheld Scientific Calculator - The HP-35, the world's first handheld scientific electronic calculator, was introduced, making the slide rule obsolete.
- 1980: First Personal Computer - HP introduced its first personal computer, the HP-85.
- 1984: LaserJet Printer Launched - The first desktop LaserJet printer was introduced, revolutionizing printing technology.
- 1999: Agilent Technologies Spin-off - HP spun off its medical and test-and-measurement businesses to form Agilent Technologies.
- 2002: Merger with Compaq - HP and Compaq merged in a $19 billion deal, creating a technology powerhouse and solidifying HP's position in the personal computing market.
- 2015: Company Separation - HP split into two separate, publicly traded companies: HP Inc. (focusing on personal systems, printers, and 3D printing solutions) and Hewlett Packard Enterprise (HPE) (focusing on enterprise technology).
- 2023: Sustainability Goals - HP achieved significant strides in sustainability, reaching a 27% reduction in greenhouse gas emissions compared to 2019 levels and setting ambitious goals for the future.
Overview
- Common Name: HP
- Year Founded: January 1, 1939
- Founders: William (Bill) Hewlett and David Packard
- Origin: Palo Alto, California, United States
- Headquarters: 1501 Page Mill Road, Palo Alto, CA 94304
- Tagline: Make It Matter | Keep Reinventing
Main Products
Laptops:- Consumer: HP Pavilion, HP Envy, HP Spectre (premium), HP OmniBook.
- Business: HP EliteBook, HP ProBook, HP ZBook (mobile workstations), HP Stream, HP Omen and Victus (gaming laptops).
- Consumer: HP Pavilion, HP Envy, HP Omen (gaming desktops).
- Business: HP Elite desktops, HP Pro desktops, Z Series (desktop workstations).
- Tablets, monitors, and accessories (keyboards, mice, webcams, docks).
- Printers: A wide range of consumer and business printers, including inkjet (DeskJet, OfficeJet, HP Smart Tank) and laser (HP LaserJet) models.
- Industrial Printing: Large-format printers and plotters, as well as commercial and industrial digital presses.
- Supplies: Ink and toner cartridges.
- Scanners.
Innovation & Partnership
HP's core business relies heavily on its global network of channel partners, managed through the HP Amplify program, which rewards partners for value-added services and collaboration. Key technology and channel partners include:
- Red Hat
- VMware
- SAP
- Fortinet
- Accenture
Sustainability
- Achieve Net-Zero Emissions: Reach net-zero greenhouse gas (GHG) emissions across the entire value chain by 2040.
- Reduce GHG Emissions: Reduce HP's value chain GHG emissions by 50% by 2030 (compared to 2019 levels).
- Use Renewable Electricity: Achieve 100% renewable electricity in global operations by 2025 (already achieved in U.S. operations since 2017).
- Promote Circularity: Innovate products and services for a more circular economy through practices like using more than 4 billion pounds of reused, recycled, or renewable materials in products and packaging since 2019. This includes using ocean-bound plastics and increasing recycled metal use in personal systems.
- Forest Positive Vision: Go beyond HP's own fiber sourcing to include all brands of paper used in HP printing products, aiming to give back more to forests than is taken.
Market Position
- Ticker: NYSE: HP
- Market Cap: Approx. USD 2.94 B
HP (Hewlett-Packard) shows strong global reach, consistently ranking among top PC vendors (like #2 or #3 globally after Lenovo/Dell), with significant revenue around $50B+ annually, though facing market fluctuations and competition from Lenovo, Dell, and Apple, with recent focus on AI-driven efficiency (Fiscal 2026 plan) impacting future valuation, currently seen as potentially undervalued by some analysts despite strong core business. HP made the 2nd place in the Top 6 vendors by number of units shipped, 2024 with a 21.6% share.
- Revenue: Around $50-52 Billion annually (e.g., ~€49.8B TTM, €51.77B in 2024), with Q2 FY25 revenue at $13.9B.
- Valuation: Market Cap ~ $23.55B; EV ~$29.51B; Trailing P/E ~9.51; analysts suggest potential undervaluation.
- Profitability: Strong margins in Printing (e.g., 19.6%) and improving margins in Commercial Systems.
Useful Links
Browse authorized repair centers and official retail stores of HP using the links below to get support or shop for products on Google Maps.
Customer Support
- Website: www.hp.com
- Online Help: HP Help & Support