HP Inc (NYSE:HPQ) shares dropped after reporting a 6.5% Y/Y decline in Q4 FY23 net revenue to $13.817 billion, slightly above consensus. Personal Systems' revenue fell 8% Y/Y, with flat total units and a mix of Consumer and Commercial PS unit changes. Adjusted EPS met expectations at $0.90. HP generated $3.6 billion in operating cash flow and $3.1 billion in free cash flow for FY23, returning $1.1 billion to shareholders through repurchases and dividends. The company announced a 5% dividend increase and provided Q1 and FY24 EPS guidance above consensus estimates. Despite this, HPQ shares fell 2.37% in premarket trading.