HP (NYSE:HPQ) Updates Q4 2026 Earnings Guidance

Key Points

• HP guided fourth-quarter fiscal 2026 EPS to $0.69–$0.79, above the $0.67 analyst consensus, and set full-year fiscal 2026 EPS guidance at $3.19–$3.29.
• HP’s latest quarter exceeded expectations, with EPS of $0.83 versus $0.66 expected and revenue of $15.68 billion versus $14.44 billion forecast.
• The company declared a quarterly dividend of $0.30 per share, or $1.20 annualized, representing a 3.9% yield; despite several raised price targets, analysts maintain an average “Reduce” rating with a $24.17 consensus target.

HP (NYSE:HPQ - Get Free Report) updated its fourth quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.690-0.790 for the period, compared to the consensus earnings per share estimate of 0.670. The company issued revenue guidance of -. HP also updated its FY 2026 guidance to 3.190-3.290 EPS.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on HP from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, May 28th. Bank of America increased their target price on shares of HP from $16.00 to $18.00 and gave the company an "underperform" rating in a report on Thursday, May 28th. Weiss Ratings upgraded shares of HP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 6th. Finally, UBS Group lifted their target price on shares of HP from $20.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, HP presently has an average rating of "Reduce" and a consensus price target of $24.17.

HP Price Performance

Shares of HP stock traded up $1.10 during trading hours on Wednesday, hitting $30.62. 21,261,047 shares of the company's stock traded hands, compared to its average volume of 18,302,463. The stock 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 has a 12-month low of $17.56 and a 12-month high of $32.19. The company has a fifty day simple moving average of $25.96 and a 200-day simple moving average of $22.55.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. The company had revenue of $15.68 billion for 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. On average, analysts forecast that HP will post 3.03 EPS for the current fiscal year.

HP Dividend Announcement

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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP's dividend payout ratio is currently 44.28%.

Insider Activity

In related news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction that occurred on Friday, August 7th. The shares were 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. The trade was a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 52,620 shares of company stock worth $1,478,622. Company insiders own 0.18% of the company's stock.

Trending Headlines about HP

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

Institutional Trading of HP

Several hedge funds have recently made changes to their positions in the company. DV Equities LLC purchased a new position in shares of HP during the 4th quarter valued at $29,000. Wilkerson Advisory Group LLC bought a new position in HP during the fourth quarter worth about $41,000. JPL Wealth Management LLC purchased a new position in shares of HP in the third quarter worth about $43,000. Platinum Investment Management Ltd. purchased a new position in shares of HP in the fourth quarter worth about $59,000. Finally, Summit Securities Group LLC raised its position in shares of HP by 78.4% in the fourth quarter. Summit Securities Group LLC now owns 2,887 shares of the computer maker's stock valued at $64,000 after purchasing an additional 1,269 shares during the period. 77.53% of the stock is currently owned by institutional investors.

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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