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HP (HPQ)
NYSE:HPQ
Earnings Data
Report Date
Jun 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.71Last Year’s EPS
0.71Same Quarter Last Year
Moderate Sell
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of solid operational and financial execution (revenue +7%, EPS +9%, AI PC momentum, share gains, strong cash returns) alongside a material near-term headwind from rapidly rising memory costs that pressure Personal Systems margins and increase uncertainty for the back half of fiscal '26. Management has multiple mitigation plans (supply agreements, cost actions, pricing and product configuration changes) and maintained annual guidance ranges but expects to be closer to the lower end of EPS and free cash flow guidance given current assumptions.Company Guidance
Revenue Growth
Total revenue of $14.4 billion, up 7% year-over-year (5% constant currency), driven by strength in Personal Systems and growth across all regions.
Earnings and Margin Performance
Non-GAAP diluted EPS of $0.81, up 9% year-over-year and at the top of guidance; gross margin of 19.6% and non-GAAP operating margin of 6.9%.
Personal Systems Outperformance
Personal Systems revenue up 11% with 12% unit growth; Consumer revenue +16% (units +14%) and Commercial revenue +9% (units +11%); PS operating margin of 5% (within guided range).
AI PC Momentum and Product Innovation
AI PC mix accelerated to ~35% of PC shipments (sequential increase from prior quarters); launched AI-enabled products including the HP EliteBoard G1a and AI-powered scanning/redaction in print.
Print and High-Value Offerings
Print results in line with expectations: industrial print grew mid-single digits and 3D/industrial print saw double-digit growth; Consumer subscriptions grew double-digit, Big Tank share increased in developed markets.
Strategic Platform and Partnerships
WXP fleet management processes data from ~50 million endpoints (>1 TB daily); launched HP Digital Passport; expanded partnership with Microsoft (Copilot in printers) and exploratory partnership with OpenAI to pilot enterprise AI.
Cash Generation and Capital Allocation
Generated ~ $400 million cash from operations and roughly $200 million free cash flow in Q1; returned over $600 million to shareholders in the quarter (including >$300 million in buybacks); maintaining annual free cash flow guidance of $2.8B–$3.0B.
Supply Mitigation and Operational Actions
Secured long-term supplier agreements for memory for fiscal '26, qualified new suppliers, reduced qualification time for new material by ~50%, expanded lower-cost sourcing and accelerated productivity and company-wide cost programs.
HPQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HPQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $18.20 | $18.21 | +0.05% |
Nov 25, 2025 | $24.03 | $23.70 | -1.37% |
Aug 27, 2025 | $26.52 | $27.74 | +4.60% |
May 28, 2025 | $26.31 | $24.13 | -8.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does HP (HPQ) report earnings?
HP (HPQ) is schdueled to report earning on Jun 03, 2026, After Close (Confirmed).
What is HP (HPQ) earnings time?
HP (HPQ) earnings time is at Jun 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HPQ EPS forecast?
HPQ EPS forecast for the fiscal quarter 2026 (Q2) is 0.71.
