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HP (HPQ) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Sep 01, 2026

After Close (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

0.66

Last Year’s EPS

0.75

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 8 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:May 27, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mix of strong operational execution and product momentum (notably in Personal Systems, AI/edge offerings, cash flow and EPS outperformance) alongside meaningful near-term headwinds from rising memory, storage and other commodity costs that are expected to pressure margins in the back half. Management highlighted tangible mitigation actions (supplier agreements, strategic inventory, repricing, planning model) and provided upward confidence on full-year EPS and free cash flow guidance, but also warned that Q3/Q4 will see margin pressure with a Q4 trough before sequential improvement. Overall, positive operational momentum is balanced by significant near-term cost risks.

Company Guidance

HP strengthened its outlook while warning of H2 input‑cost pressure: it now expects fiscal 2026 diluted non‑GAAP EPS of $2.90–$3.10 (Q3 EPS $0.61–$0.71) and full‑year free cash flow of $2.8–$3.0B. Q2 results that drove the update included revenue +9% YoY (+6% CC), gross margin 20.9%, operating margin 7.5% (+20 bps YoY), diluted EPS $0.86 on ~925M shares, >$900M cash from operations and ~ $800M free cash flow in the quarter, and nearly $400M returned to shareholders while finishing the quarter within target leverage. Segment details: Personal Systems revenue +13% YoY, PS operating margin 5.2% with operating profit +30% YoY, AIPC mix up from >35% to 44% of shipments (targeting 60–70% next fiscal year and >70% by FY28); Print revenue was flat YoY and supplies were flat YoY in constant currency but are still expected to decline low‑single‑digit for the year. Looking ahead, HP expects PC TAM to decline in the high‑teens in H2 of the calendar year, memory and storage costs to rise in Q3/Q4, PS margins to trough in Q4 with sequential improvement thereafter, OI&E of ~$500M for the year and corporate other expense slightly under $1B.

Sustained Top-Line Growth

Revenue grew 9% year-over-year (6% in constant currency), marking the eighth consecutive quarter of top-line growth.

Personal Systems Outperformance

Personal Systems revenue grew 13% year-over-year; operating profit for Personal Systems increased ~30% year-over-year with an operating margin of 5.2%. Commercial was up 14% and consumer up 10% with PS driven by higher-value unit placements and services attach.

Rapid Adoption of AI PCs (AIPCs)

AIPCs increased from ~35% to 44% of shipment mix in the quarter. Management expects AIPCs to represent 60%–70% of shipments next fiscal year and above 70% by FY2028, supporting higher ASPs and mix.

Profitability and Margin Beats

Non-GAAP diluted EPS was $0.86, up over 20% year-over-year. Gross margin was 20.9% and overall operating margin was 7.5%, up ~20 basis points year-over-year.

Strong Cash Generation and Capital Return

Generated over $900 million in cash from operations and roughly $800 million in free cash flow in the quarter; returned nearly $400 million to shareholders. Company now expects full-year free cash flow of $2.8B–$3.0B.

Momentum in Industrial and 3D Printing

Industrial Graphics delivered its 11th consecutive quarter of revenue growth; 3D printing delivered double-digit revenue growth for the fifth straight quarter.

Product and AI/Edge Innovation

Launched new z workstations/AI stations, AI-enabled LaserJet series, HP IQ intelligence layer, expanded WXP (managing 5.2M devices in 180 countries), and Multi Jet Fusion 1.2k—positioning HP for hybrid AI and edge workloads.

Operational Mitigation and Supply Planning

Operationalized a supply-demand-product planning model, secured memory and storage for FY26 via supplier agreements and strategic inventory, executed differentiated repricing and multiple cost actions, and progressing toward $1B gross annualized run-rate savings by end of FY28.

Geographic Strengths

Constant currency revenue growth by region: APJ +18%, EMEA +6%, Americas flat; Win11 refresh cycles supported strength in APJ and EMEA.

HP (HPQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HPQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Play Transcript
Sep 01, 2026	2026 (Q3)	0.66 / -	0.75	―	―
May 27, 2026	2026 (Q2)	0.71 / 0.86	0.71	21.13% (+0.15)
Feb 24, 2026	2026 (Q1)	0.77 / 0.81	0.74	9.46% (+0.07)
Nov 25, 2025	2025 (Q4)	0.92 / 0.93	0.93	0.00% (0.00)
Aug 27, 2025	2025 (Q3)	0.74 / 0.75	0.83	-9.64% (-0.08)
May 28, 2025	2025 (Q2)	0.78 / 0.71	0.82	-13.41% (-0.11)
Feb 27, 2025	2025 (Q1)	0.75 / 0.74	0.81	-8.64% (-0.07)
Nov 26, 2024	2024 (Q4)	0.93 / 0.93	0.9	3.33% (+0.03)
Aug 28, 2024	2024 (Q3)	0.85 / 0.83	0.86	-3.49% (-0.03)
May 29, 2024	2024 (Q2)	0.81 / 0.82	0.8	2.50% (+0.02)

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
May 27, 2026	$25.18	$24.71	-1.88%
Feb 24, 2026	$17.69	$17.70	+0.06%
Nov 25, 2025	$23.36	$23.04	-1.40%
Aug 27, 2025	$25.79	$26.96	+4.57%

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.