HP (NYSE:HPQ) Releases FY 2026 Earnings Guidance

Key Points

• HP guided for FY 2026 adjusted EPS of $3.19–$3.29, above the $3.02 analyst consensus, while forecasting Q4 EPS of $0.69–$0.79.
• HP’s latest quarter surpassed expectations, with EPS of $0.83 versus $0.66 expected and revenue of $15.68 billion versus $14.44 billion forecast.
• Shares rose 3.7% to $30.62, while analysts remained cautious with a consensus “Reduce” rating and average price target of $24.17; HP also declared a $0.30 quarterly dividend, yielding about 3.9%.

HP (NYSE:HPQ - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 3.190-3.290 for the period, compared to the consensus earnings per share estimate of 3.020. The company issued revenue guidance of -. HP also updated its Q4 2026 guidance to 0.690-0.790 EPS.

Analyst Ratings Changes

Several equities research analysts have issued reports on HPQ shares. Barclays lifted their price objective on HP from $16.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, May 28th. TD Cowen lifted their price target on shares of HP from $20.00 to $26.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. UBS Group increased their price objective on shares of HP from $20.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price objective on shares of HP from $19.00 to $21.00 and gave the stock a "sell" rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, HP has a consensus rating of "Reduce" and an average target price of $24.17.

HP Stock Up 3.7%

Shares of NYSE:HPQ traded up $1.10 on Wednesday, reaching $30.62. 21,261,047 shares of the company's stock were exchanged, compared to its average volume of 18,302,463. The business's 50-day moving average is $25.96 and its two-hundred day moving average is $22.55. HP has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The firm has a market capitalization of $28.00 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 4.74 and a beta of 1.17.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Analysts predict that HP will post 3.03 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. HP's dividend payout ratio is 44.28%.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider owned 39,580 shares of the company's stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by corporate insiders.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP signed a multi-year, global cross-licensing agreement with Huawei covering certain Wi-Fi patents. The deal could provide HP access to useful connectivity technology and helped improve sentiment despite Huawei’s presence on the U.S. entity list. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company's WiFi tech
• Positive Sentiment: The earnings preview highlights continued PC demand and potential revenue growth, with analysts forecasting approximately $14.39 billion in quarterly revenue. Investors are also watching whether pricing and margin performance can offset industry pressures. HP Q3 2026 earnings preview
• Neutral Sentiment: HP was scheduled to report fiscal third-quarter results after the market close on Aug. 26. Analysts expected earnings of about $0.66 per share, and the company had declared a quarterly dividend of $0.30 per share. The report and management’s outlook are the next major catalysts. HP likely to report lower Q3 earnings
• Neutral Sentiment: Options traders are positioning for a potentially large move around earnings, indicating elevated uncertainty rather than a clear directional view. HP earnings preview: Options traders brace for big move
• Negative Sentiment: Analysts were expecting lower fiscal third-quarter earnings than the prior-year period, creating downside risk if HP misses estimates or gives a weaker outlook. Unusually heavy trading in long-dated HPQ put options also signals that some investors are hedging against longer-term weakness. HP results and unusual options activity

Hedge Funds Weigh In On HP

Several institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. increased its stake in shares of HP by 13.1% in the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker's stock valued at $2,793,000 after purchasing an additional 13,265 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker's stock worth $519,000 after buying an additional 551 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker's stock worth $3,555,000 after buying an additional 8,779 shares during the period. Treasurer of the State of North Carolina grew its holdings in HP by 70.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker's stock worth $17,894,000 after buying an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new position in HP in the 2nd quarter worth approximately $233,000. Institutional investors own 77.53% of the company's stock.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.

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