HP discusses AI PC: accounting for 10% of total shipments in the second half of the year

Only AI computers can save HP.

HP announced its second-quarter financial results after the market closed on Wednesday, with revenue of $12.8 billion and EPS of $0.82, both higher than expected. The PC sales saw growth for the first time in two years, thanks to the recent popularity of AI computers.

HP's stock price surged over 2% in after-hours trading.

AI computers will be the next key growth driver for HP, especially as the latest financial report showed a 16% decline in home printer sales and a 12% decline in commercial printer sales.

HP CEO Enrique Lores stated on Wednesday that existing computer devices are aging, and both small and large companies realize the need to upgrade to AI computers. It is expected that in the second half of this fiscal year, AI computers will account for 10% of the company's computer shipments.

Starting from early May, HP launched its first generation of AI computer products powered by Intel and AMD chips, and in June, it will introduce the Copilot+ new product powered by Qualcomm Snapdragon X processor.

Lores mentioned that the new products will be shipped from early May to November, as the mass production of these powerful AI computers "takes some time." Initially, individual consumers will purchase AI computers, while institutional customers will need more time to evaluate the performance of AI computers before making bulk purchases. The demand for AI computers is expected to significantly increase in the coming years.

He expressed confidence, stating, "We expect that in the next three years, AI computers will account for 40% to 50% of the total personal computer shipments, making AI computers crucial."

According to data analysis companies IDC and Gartner, HP and its contract manufacturers are expected to ship around 50 million AI computers globally this year, accounting for 22% of the global personal computer shipments in 2024.

Lores emphasized that with the hardware upgrades of AI computers and Microsoft ending support for Windows 10 in October 2025, customers are transitioning to Windows 11, which integrates the Copilot AI system. These factors are driving customers to purchase AI computers.

He also mentioned, "Currently, some customers are still observing the update of AI computers, but in the future, they will accelerate the computer update cycle, as AI computers are very valuable in improving productivity