HP (NYSE:HPQ) Issues Q3 2026 Earnings Guidance

Key Points

• HP raised its FY 2026 outlook, now guiding for EPS of $2.90 to $3.10. For Q3 2026, it expects EPS of $0.61 to $0.71, slightly above the consensus estimate of $0.63 at the midpoint.
• Recent quarterly results beat expectations, with HP reporting Q2 revenue of $14.41 billion and EPS of $0.86, both ahead of analyst forecasts. Management said demand was supported by AI-optimized PCs and the Windows 11 upgrade cycle.
• Analyst sentiment remains cautious, with several firms cutting price targets and the stock carrying a consensus rating of "Reduce". HP shares rose on the update, trading near $25.55 during Wednesday’s session.

HP (NYSE:HPQ - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.610-0.710 for the period, compared to the consensus EPS estimate of 0.630. The company issued revenue guidance of -. HP also updated its FY 2026 guidance to 2.900-3.100 EPS.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HPQ. UBS Group decreased their price target on HP from $26.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, February 19th. Wells Fargo & Company decreased their price target on HP from $25.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, February 25th. Morgan Stanley increased their price target on HP from $16.00 to $17.00 and gave the company an "underweight" rating in a report on Thursday, May 21st. The Goldman Sachs Group decreased their price target on HP from $21.00 to $16.00 and set a "sell" rating on the stock in a report on Wednesday, February 25th. Finally, Citigroup decreased their price target on HP from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, HP currently has a consensus rating of "Reduce" and an average target price of $21.67.

HP Stock Performance

HPQ stock traded up $1.12 during midday trading on Wednesday, reaching $25.55. The company's stock had a trading volume of 34,795,778 shares, compared to its average volume of 19,157,703. The stock has a fifty day simple moving average of $20.15 and a two-hundred day simple moving average of $21.12. HP has a 1 year low of $17.56 and a 1 year high of $29.55. The firm has a market capitalization of $23.37 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 6.97 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, analysts forecast that HP will post 2.85 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. HP's dividend payout ratio (DPR) is presently 45.45%.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q2 revenue of $14.4 billion, up 9% year over year, and non-GAAP EPS of $0.86, up 21%, both ahead of expectations. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said demand was helped by AI-optimized PCs and the Windows 11 upgrade cycle, suggesting healthier near-term PC market trends. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Positive Sentiment: HP beat consensus estimates, reporting $0.86 EPS versus $0.72 expected and revenue of $14.41 billion versus $13.99 billion expected. HP earnings and stock page

Institutional Trading of HP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its stake in HP by 31.7% in the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker's stock worth $339,468,000 after purchasing an additional 3,671,511 shares during the period. Rare Wolf Capital LLC bought a new position in shares of HP during the 4th quarter worth $205,000. Corient Private Wealth LLC grew its position in shares of HP by 27.3% during the 4th quarter. Corient Private Wealth LLC now owns 277,505 shares of the computer maker's stock worth $6,183,000 after buying an additional 59,567 shares in the last quarter. Alberta Investment Management Corp grew its position in shares of HP by 121.0% during the 4th quarter. Alberta Investment Management Corp now owns 236,300 shares of the computer maker's stock worth $5,265,000 after buying an additional 129,400 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of HP by 12.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 412,816 shares of the computer maker's stock worth $9,198,000 after buying an additional 45,609 shares in the last quarter. Hedge funds and other 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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