Mission Statement, Vision, & Core Values of HP Inc. (HPQ)

Do you ever wonder what drives a tech giant like HP Inc. forward? It all starts with a clear sense of purpose. HP's mission is to 'create technology that makes life better for everyone, everywhere,' and this vision permeates every aspect of their operations. But how does this translate into tangible actions and values?

With a fiscal year 2024 net revenue of $53.6 billion, down 0.3% from the prior year, HP continues to innovate and adapt in a rapidly evolving market. Curious about the core values that guide their decisions and the vision that shapes their future? Keep reading to discover the mission statement, vision, and core values that define HP Inc. and drive their impact on the world.

HP Inc. (HPQ) An Overview of

HP Inc. (HPQ) has a rich history rooted in innovation and technology. Originally founded in 1939, the company has evolved into a global leader in personal computing and printing solutions. As of April 2025, HP Inc. continues to serve a diverse customer base, offering a wide range of products, including laptops, desktops, printers, and related accessories. These products cater to individual consumers, small and medium-sized businesses, and large enterprises alike.

HP Inc. maintains a significant presence in the global market, driven by its innovative product offerings and strategic market positioning. Recent sales data indicates a strong performance in key segments, reflecting the company's ability to adapt to changing market demands and technological advancements. As of fiscal year 2024, HP Inc. reported net revenue of $53.7 billion. This figure underscores the company's robust market presence and its ability to generate substantial revenue through its diverse product and service portfolio.

In HP Inc.'s latest financial reports, the company showcased a solid financial performance. For fiscal year 2024, HP Inc. reported:

• Net revenue of $53.7 billion
• Gross margin of 22.0%
• Diluted net EPS of $3.26, and non-GAAP diluted net EPS of $3.63
• Net cash provided by operations was $4.5 billion
• Free cash flow was $3.9 billion

These results reflect HP Inc.'s strategic focus on innovation, operational efficiency, and customer satisfaction, contributing to its sustained growth and profitability in a competitive market.

HP Inc. stands as one of the leading companies in the tech industry, consistently pushing the boundaries of innovation and delivering value to its customers. Its commitment to sustainability, ethical business practices, and social responsibility further solidifies its reputation as a responsible corporate citizen. To delve deeper into HP Inc.'s investor profile and understand the factors driving its success, check out: Exploring HP Inc. (HPQ) Investor Profile: Who’s Buying and Why?

HP Inc. (HPQ) Mission Statement

HP Inc.'s mission statement reflects its dedication to innovation, customer value, and social responsibility. While a specific, concise mission statement can be challenging to pinpoint, HP's overarching goals and values, as expressed through their actions and public statements, illuminate their core purpose. HP aims to create technology that makes life better for everyone, everywhere. This encompasses not only developing cutting-edge products but also ensuring their operations contribute positively to the world.

Key components of HP Inc.'s mission, derived from their corporate actions and values, include:

• Innovation: HP consistently invests in research and development to create new and improved products and solutions. In fiscal year 2024, HP invested $1.4 billion in research and development, demonstrating its commitment to staying at the forefront of technological advancement.
• Customer Focus: HP prioritizes understanding and meeting customer needs by offering a wide range of products and services tailored to different segments. HP's Personalization and Customization solutions are designed to meet the specific requirements of each customer.
• Sustainability: HP is committed to sustainable practices, including reducing its carbon footprint, promoting responsible sourcing, and designing eco-friendly products. HP aims to achieve net-zero greenhouse gas emissions across its value chain by 2040.
• Social Impact: HP strives to make a positive impact on society through various initiatives, such as promoting digital equity, supporting education, and fostering diversity and inclusion. In 2024, HP committed to achieving gender equality in leadership positions by 2030.

These core components collectively drive HP's strategic decisions and long-term objectives. Let's examine each of these components in more detail.

Innovation

Innovation is at the heart of HP's mission. The company consistently seeks to develop new technologies and solutions that address evolving customer needs. HP's dedication to innovation is evident in its significant investments in research and development. In 2024, the company allocated $1.4 billion to R&D, focusing on areas such as artificial intelligence, hybrid work solutions, and sustainable printing. This commitment to innovation enables HP to introduce groundbreaking products and services that differentiate it from competitors and provide unique value to customers. For example, HP's advancements in 3D printing technology have revolutionized manufacturing processes, allowing businesses to create complex parts and prototypes with greater efficiency and precision. HP continues to explore new frontiers, pushing the boundaries of what is possible and solidifying its position as a technology leader.

Customer Focus

HP places a strong emphasis on understanding and meeting the needs of its diverse customer base. This customer-centric approach is reflected in the wide range of products and services HP offers, catering to individual consumers, small businesses, and large enterprises. HP actively solicits customer feedback and uses it to improve its offerings and enhance the overall customer experience. The company's commitment to customer focus is evident in its personalized solutions, such as customized printing options and tailored software applications. By understanding the unique challenges and requirements of its customers, HP can develop targeted solutions that address their specific needs and deliver exceptional value. HP's dedication to customer satisfaction is a key driver of its long-term success and customer loyalty.

Sustainability

HP recognizes the importance of environmental sustainability and is committed to reducing its impact on the planet. The company has set ambitious goals to minimize its carbon footprint, conserve resources, and promote responsible sourcing practices. HP's sustainability initiatives include designing energy-efficient products, reducing waste in its operations, and investing in renewable energy sources. HP aims to achieve net-zero greenhouse gas emissions across its value chain by 2040, demonstrating its commitment to long-term environmental stewardship. The company also actively engages with suppliers to ensure they adhere to sustainable practices and ethical labor standards. By prioritizing sustainability, HP not only contributes to a healthier planet but also enhances its brand reputation and attracts environmentally conscious customers.

Social Impact

HP is committed to making a positive impact on society through various initiatives that promote digital equity, support education, and foster diversity and inclusion. The company believes that technology can be a powerful tool for empowering individuals and communities, and it actively works to bridge the digital divide. HP partners with non-profit organizations and educational institutions to provide access to technology and digital literacy training, particularly in underserved communities. In 2024, HP committed to achieving gender equality in leadership positions by 2030, reflecting its commitment to diversity and inclusion. The company also supports initiatives that promote STEM education and encourage young people to pursue careers in technology. By investing in social impact initiatives, HP contributes to a more equitable and sustainable future for all.

For more insights into HP Inc.'s financial health, you can check out this analysis: Breaking Down HP Inc. (HPQ) Financial Health: Key Insights for Investors

HP Inc. (HPQ) Vision Statement

HP Inc. aims to create technology that makes life better for everyone, everywhere. This vision reflects the company's commitment to innovation, sustainability, and social impact. As of April 2025, HP Inc. continues to focus on developing products and solutions that address the evolving needs of its customers while contributing positively to the world.

Driving Innovation

HP Inc. invests heavily in research and development to drive innovation across its portfolio. This includes personal systems, printing solutions, and emerging areas such as 3D printing and digital manufacturing. The company's focus on innovation is evident in its financial commitment. In fiscal year 2024, HP Inc. allocated $1.4 billion to research and development, demonstrating its dedication to staying at the forefront of technological advancements.

Key areas of innovation include:

• Personal Systems: Developing more powerful, secure, and versatile laptops, desktops, and workstations.
• Printing Solutions: Creating more efficient, sustainable, and connected printing technologies for home and office use.
• 3D Printing: Expanding the capabilities and applications of 3D printing for various industries, including healthcare, automotive, and aerospace.

Sustainability Initiatives

Sustainability is a core pillar of HP Inc.'s vision. The company is committed to reducing its environmental footprint and promoting responsible business practices throughout its value chain. HP Inc. has set ambitious goals for reducing greenhouse gas emissions, conserving resources, and promoting circular economy principles.

Notable sustainability achievements and goals include:

• Carbon Footprint Reduction: HP Inc. aims to achieve net-zero greenhouse gas emissions across its value chain by 2040. As of 2024, the company has already made significant progress, reducing its carbon footprint by 30% compared to 2015 levels.
• Sustainable Materials: HP Inc. is committed to using more recycled and renewable materials in its products and packaging. In 2024, 25% of HP's plastic content in its personal systems and print products came from recycled sources.
• Circular Economy: HP Inc. promotes product reuse and recycling through its回收 programs. In fiscal year 2024, the company recycled over 87,500 tonnes of hardware and supplies globally.

Social Impact Programs

HP Inc. believes in using its technology and resources to make a positive impact on society. The company supports various social impact programs focused on education, digital equity, and community empowerment. These initiatives align with HP Inc.'s vision of creating a more inclusive and equitable world.

Key social impact programs include:

• HP Foundation: The HP Foundation supports education and workforce development programs that help individuals acquire the skills they need to succeed in the digital economy. In 2024, the foundation invested $20 million in various educational initiatives.
• Digital Equity Initiatives: HP Inc. is committed to bridging the digital divide by providing access to technology and digital literacy training to underserved communities. The company partners with non-profit organizations to implement programs that promote digital inclusion.
• Employee Volunteerism: HP Inc. encourages its employees to volunteer their time and skills to support local communities. In 2024, HP employees volunteered over 100,000 hours to various community service projects.

HP Inc.'s vision statement reflects its commitment to innovation, sustainability, and social impact. The company's strategic initiatives and financial investments demonstrate its dedication to creating technology that makes life better for everyone, everywhere. As HP Inc. continues to evolve, it remains focused on delivering value to its customers, shareholders, and the global community. For more insights into HP Inc.'s investors, check out Exploring HP Inc. (HPQ) Investor Profile: Who’s Buying and Why?

HP Inc. (HPQ) Core Values of

While specific, officially declared core values for HP Inc. (HPQ) aren't readily available in the same structured format as some other companies, HP's actions, initiatives, and public statements reveal a strong commitment to several key principles. These can be inferred from their focus areas and strategic priorities.

Here are some core values of HP Inc. (HPQ):

Innovation

Innovation is central to HP's identity. The company has a long history of pioneering new technologies, and it continues to invest heavily in research and development. HP's commitment to innovation is evident in its development of new products and solutions, as well as its efforts to improve existing technologies. For example, in 2024, HP invested $1.4 billion in research and development to drive innovation across its product portfolio. This investment supports the development of new printing technologies, personal systems, and digital manufacturing solutions.

Examples of HP's commitment to innovation include:

• Developing sustainable printing solutions that reduce waste and energy consumption.
• Creating immersive experiences with virtual reality and augmented reality technologies.
• Investing in 3D printing to transform manufacturing processes.

Customer Focus

HP places a high value on understanding and meeting the needs of its customers. This commitment is reflected in its focus on delivering high-quality products and services, as well as its efforts to build strong relationships with customers. HP's customer-centric approach is evident in its personalized experiences and its dedication to providing excellent support.

Recent examples of HP's customer focus include:

• Offering customized printing solutions for businesses of all sizes.
• Providing personalized support and services to help customers get the most out of their products.
• Creating online communities where customers can connect with each other and share their experiences.

Sustainability

HP is committed to operating in an environmentally and socially responsible manner. This commitment is reflected in its efforts to reduce its environmental footprint, promote diversity and inclusion, and support communities around the world. HP's sustainability initiatives are aligned with its goal of creating a more sustainable future for all.

Recent sustainability initiatives by HP include:

• Reducing greenhouse gas emissions by 50% by 2025, compared to 2015.
• Using 30% post-consumer recycled content across its personal systems and print portfolio by 2025.
• Reaching $3.5 billion in diverse supplier spending by 2025.

Integrity

HP emphasizes conducting business with the highest ethical standards. This value is embedded in their code of conduct and corporate policies, ensuring that employees act responsibly and transparently in all their dealings. Maintaining integrity helps HP build trust with customers, partners, and stakeholders.

Examples of HP's commitment to integrity include:

• Implementing a comprehensive ethics and compliance program.
• Promoting transparency in its supply chain.
• Upholding high standards of corporate governance.

Community Engagement

HP is dedicated to making a positive impact on the communities where it operates. This involves supporting education, promoting digital equity, and engaging in philanthropic activities. By investing in local communities, HP aims to foster social and economic development.

Examples of HP's community engagement include:

• Supporting educational programs in science, technology, engineering, and mathematics (STEM).
• Providing technology and resources to underserved communities.
• Encouraging employee volunteerism and charitable giving.

These inferred core values reflect HP's ongoing efforts to innovate, serve its customers, operate sustainably, act with integrity, and engage with its communities. These principles guide the company's strategies and initiatives, helping to drive long-term success and create value for stakeholders. For more insights into HP Inc., check out: Exploring HP Inc. (HPQ) Investor Profile: Who’s Buying and Why?