HP has forecast its earnings for the upcoming year to be at the low end of its previously issued guidance, citing a surge in memory chip prices as a primary reason. The computer manufacturer indicated that rising costs for these essential components are impacting its financial outlook.

This forecast suggests that HP anticipates less favorable financial performance than previously projected, directly linking the shortfall to increased expenses in its supply chain, specifically for memory chips.

Key Takeaways

• HP projects its annual earnings will fall at the lower end of its previously provided guidance range.
• The company attributes this forecast to a significant increase in the price of memory chips.

HP's next earnings report will provide further insight into the ongoing impact of component costs on the company's performance.

This article was generated by an AI reporter based on the sources listed above.