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APH

AmphenolD
NYSE / Technology Hardware & Equipment
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2026-06-02
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2026-05-29
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Earnings documents stored for APH.

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Investor releaseQuarter not tagged2026-05-29

OKTA Shares Jump on Solid Q1 Earnings Beat, Revenues Increase Y/Y

Zacks

Okta OKTA posted first-quarter fiscal 2027 earnings of 91 cents per share, up 5.8% year over year, and surpassed the Zacks Consensus Estimate by 6.75%. Revenues rose 11.2% from the year-ago quarter to $765 million, beating the Zacks Consensus Estimate by 1.82%. The uptick can be attributed to steady subscription momentum, which increased 11% year over year to $750 million, continuing to account for the vast majority of the top line. Professional services and other revenues were $15 million, unchanged from the year-ago quarter, underscoring how product-led growth is driving the quarter’s revenue cadence. Location-wise, revenues from the United States contributed 83% to total revenues in the fiscal first quarter. The figure increased 11.15% year over year to $608 million. International revenues contributed 21.6% to total revenues. The figure increased 11.35% year over year to $157 million.Okta stock gained 8.19% in the pre-market trading. Okta, Inc. price-consensus-eps-surprise-chart | Okta, Inc. Quote Okta ended the quarter with remaining performance obligations (RPO) of $4.719 billion, up 16% year over year, highlighting continued strength in contracted subscription backlog. Current RPO, which captures the portion expected to be recognized over the next 12 months, rose 12% year over year to $2.499 billion. Customers with more than $100K in Annual Contract Value increased 6% year over year to 5,180. The dollar-based retention rate for the trailing 12 months was 107%, down 1% year over year. First-quarter fiscal 2026 non-GAAP gross margin decreased 30 basis points (bps) on a year-over-year basis to 82%.As a percentage of revenues, research and development expenses increased 40 bps year over year to 15.9%. General and administrative expenses decreased 170 bps year over year to 9%. Sales and marketing expenses increased 290 bps year over year to 31.6%.Non-GAAP operating margin contracted 180 bps year over year to 25% in the reported quarter. Okta had $2.589 billion in cash, cash equivalents and short-term investments as of April 30, 2026.Net cash provided by operating activities was $277 million, or 36% of revenue, while free cash flow was $271 million, or 35% of revenue.In the first quarter of fiscal 2027, the company also returned capital to shareholders during the quarter, including $248 million of common stock repurchases. For the second quarter of fiscal 20...

Investor releaseQuarter not tagged2026-05-29

ADSK Q1 Earnings Beat, Revenues Rise Y/Y on Broad-Based Construction

Zacks

Autodesk, Inc.ADSK delivered a strong first-quarter fiscal 2027 performance, with non-GAAP earnings of $2.99 per share, up 30.6% year over year. The figure surpassed the Zacks Consensus Estimate of $2.84 by 5.3%. Revenues rose 18% year over year to $1.93 billion, beating the Zacks Consensus Estimate by 2.1%, reflecting steady execution across core design and manufacturing workflows, and continued strength in construction and emerging markets.Autodesk delivered a strong first-quarter fiscal 2027 performance, driven by sustained momentum across Architecture, Engineering, Construction and Operations (“AECO”), particularly in construction and emerging markets. Strength in industry segments tied to infrastructure, industrial buildings and data centers more than offset softness in commercial real estate.The company also benefited from stronger-than-expected upfront revenues, solid renewal rates and healthy billings growth during the quarter. Management remains confident in Autodesk’s long-term growth trajectory, supported by its platform strategy centered on cloud, data and AI, expanding agentic AI capabilities. The company’s connected ecosystem is designed to enable more integrated and data-driven workflows across the design, make and operate lifecycle. Autodesk, Inc. price-consensus-eps-surprise-chart | Autodesk, Inc. Quote Net revenue retention remained above 110% on a constant-currency basis, supported in part by the company’s new transaction model and sustained expansion within its subscription base. Autodesk’s restructured revenue reporting continues to present results across Design, Make and Other categories.Design revenues (82.9% of total revenues) increased 18% year over year to $1.61 billion, remaining the dominant contributor to total revenues.Make Revenues (11.6% of total revenues) rose 25% year over year to $224 million, reflecting ongoing strength in manufacturing and industrial workflows.Other revenues (5.1% of total revenues) increased 5% year over year to $98 million.Billings increased 18% year over year to $1.69 billion. Management noted that the new transaction model contributed approximately 1.5 percentage points to billings growth during the quarter. The shift toward annual billing for most multi-year contracts is expected to reduce billing volatility going forward.Region-wise, revenues from the Americas (43.6% of revenues) increased 16% year...

Investor releaseQuarter not tagged2026-05-29

MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y

Zacks

MongoDB, Inc.MDB delivered first-quarter fiscal 2027 non-GAAP earnings of $1.32 per share, up 32% year over year and beating the Zacks Consensus Estimate by 11.86%.Total revenues increased 25.3% year over year to $687.62 million and surpassed the consensus estimate by 3.84%.Segment-wise, subscription revenues rose 25% year over year to $666.1 million, representing the dominant share of total revenues. Services revenues increased 22% year over year to $21.5 million, reflecting continued strength in the company’s subscription-led business model.Within subscription revenues, Atlas-related revenues totaled $512.5 million, while MongoDB Enterprise Advanced and other revenues were $153.7 million. Management noted that Atlas represented roughly three-quarters of total first-quarter revenues, underscoring the continued momentum in the company’s cloud platform business. MongoDB, Inc. price-consensus-eps-surprise-chart | MongoDB, Inc. Quote The company ended the fiscal first quarter with more than 67,700 customers, up from 57,100 in the prior-year period, adding 2,500 customers sequentially during the quarter.Atlas customers exceeded 66,400 by the end of the quarter, increasing from 55,800 in the year-ago period.In the first quarter of fiscal 2027, MongoDB had 2,895 customers with annual recurring revenues of at least $100,000, up from 2,506 in the prior-year quarter. Revenue growth from this cohort outpaced overall company revenue growth, reflecting sustained enterprise adoption.The company also highlighted expanding platform adoption, with 45% of Atlas customers generating at least $100,000 in ARR using two or more features compared with 37% in the prior-year quarter. Total company net ARR expansion improved to 121%, reflecting healthy customer consumption trends. In the fiscal first quarter, MongoDB’s non-GAAP gross profit was $512.2 million, while the non-GAAP gross margin remained stable year over year at 74%.Non-GAAP sales and marketing expenses increased 18.6% year over year to $214.7 million. Sales and marketing expenses, as a percentage of revenues, decreased 170 basis points (bps) year over year to 31.2%.Non-GAAP research and development expenses grew 26.5% on a year-over-year basis to $127.1 million. Research and development, as a percentage of revenues, increased 20 bps year over year to 18.5%.Non-GAAP general and administrative expenses rose 25.5% year ov...

Investor releaseQuarter not tagged2026-05-29

SentinelOne Q1 Earnings Beat, Revenues Increase Y/Y, Shares Rise

Zacks

SentinelOne S reported first-quarter fiscal 2027 earnings of 4 cents per share, which surpassed the Zacks Consensus Estimate by 100%. The company registered earnings of 2 cents per share in the year-ago quarter.Revenues of $276.7 million increased 21% year over year but missed the consensus mark by 0.2%. As of April 30, 2026, annualized recurring revenues (ARR) grew 23% year over year to $1.16 billion. Customers with more than $100,000 in ARR increased 17% year over year to 1,702, driven by continued momentum in enterprise expansion and strong adoption of the company’s platform solutions.SentinelOne’s shares were up 0.39% at the time of writing this article. The company's shares have increased 20.1% in the year-to-date period, surpassing the Zacks Computer & Technology sector’s rise of 19.2%. SentinelOne, Inc. price-consensus-eps-surprise-chart | SentinelOne, Inc. Quote Adjusted gross profit was 77% in the reported quarter, which contracted roughly 200 bps year over year.Total operating expenses of $202.2 million increased 9.1% year over year due to higher research and development expenses (up 28.1% year over year), general and administrative expenses (up 11.1% year over year), partially offset by sales and marketing expenses (down 0.2% year over year).Non-GAAP operating income totaled $10.5 million compared to an operating loss of $3.9 million in the year-ago quarter. As of April 30, 2026, SentinelOne had cash, cash equivalents and investments of $812 million.Operating cash flow was $38.5 million in the quarter.Adjusted free cash flow was $61.4 million compared with $45.4 million reported in the year-ago quarter, while adjusted free cash flow margin improved to 22% from 20%. For the second-quarter fiscal 2027, SentinelOne expects revenues between $289 million and $291 million.The company expects non-GAAP operating income in the range of $23-$25 million.Non-GAAP earnings are expected to be between 6 cents and 8 cents per share for the second-quarter fiscal 2027.For fiscal 2027, revenues are still forecasted to be between $1.195 billion and $1.205 billion.The company raised its non-GAAP operating income outlook to $115-$125 million.Non-GAAP earnings are expected to be between 32 cents and 38 cents per share for fiscal 2027. Currently, S carries a Zacks Rank #3 (Hold).Micron Technology MU, Ciena CIEN and Amphenol APH are some better-ranked stocks that investor...

Investor releaseQuarter not tagged2026-05-29

Amphenol (APH) Up 0.3% Since Last Earnings Report: Can It Continue?

Zacks

It has been about a month since the last earnings report for Amphenol (APH). Shares have added about 0.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Amphenol due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Amphenol Corporation before we dive into how investors and analysts have reacted as of late. Amphenol delivered record first-quarter 2026 results, with adjusted earnings of $1.06 per share, up 68.3% from the year-ago quarter and beating the Zacks Consensus Estimate by 11.6%. Revenues surged 58.4% year over year to $7.62 billion and topped the consensus mark by 7.2%. Strength in the IT datacom market and contributions from acquisitions helped lift performance, while quarterly orders reached $9.4 billion, translating to a book-to-bill of 1.24:1. A key feature of the reported quarter was the pace of underlying demand. On a non-GAAP basis, Amphenol reported organic net sales growth of 33% year over year, with constant-currency (cc) net sales growth of 57%. Acquisitions added a meaningful layer of expansion, with acquisition impact quantified at 23% of net sales growth. The company also highlighted the completion of the acquisition of CommScope’s Connectivity and Cable Solutions business during the quarter. Management tied its strategy to expanding its range of high-technology interconnect products through both innovation and acquisitions, positioning the company to benefit as electronics content rises across multiple end markets. Communications Solutions remained the largest contributor, generating net sales of $4.53 billion in the quarter. The segment also produced an operating margin of 30.6%, pointing to strong mix and execution as demand accelerated in high-technology connectivity applications. Harsh Environment Solutions posted sales of $1.69 billion and an operating margin of 28.0%. Interconnect and Sensor Systems delivered $1.39 billion of sales with a 20.2% operating margin, reflecting steady contributions from a broad portfolio that spans sensors, specialty cable and interconnect systems. Profitability improved alongside scale, with gross margin, on a GAAP basis, expanding 260 basis points (bps) year over year to 36.7%. Selling, general and administrative exp...

Investor releaseQuarter not tagged2026-05-29

GitLab Set to Report Q1 Earnings: What's in Store for the Stock?

Zacks

GitLab GTLB is set to release its first-quarter fiscal 2027 results on June 2, 2026.The company expects first-quarter fiscal 2027 revenues between $253 million and $255 million, indicating approximate year-over-year growth of 19%. Non-GAAP fiscal first-quarter earnings are expected to be between 20 cents and 21 cents per share.The Zacks Consensus Estimate for first-quarter fiscal 2027 revenues is pegged at $253.9 million, indicating an increase of 18.3% from the year-ago quarter’s reported figure. The consensus mark for earnings has remained unchanged at 20 cents per share over the past 30 days. GitLab reported earnings of 17 cents per share in the year-ago quarter. GitLab Inc. price-eps-surprise | GitLab Inc. Quote GTLB beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average earnings surprise of 29.6%. Let us see how things have shaped up for the upcoming announcement. GitLab’s first-quarter fiscal 2027 performance is expected to have benefited from continued momentum in its AI-driven DevSecOps offerings and expanding go-to-market initiatives. The company highlighted that sales-led first orders began reaccelerating in the second quarter of fiscal 2026, while product-led growth improved, with four consecutive months of better logo trends entering fiscal 2027.The continued rollout of GitLab Duo Agent Platform (“DAP”) is also expected to have contributed to customer engagement in the to-be-reported quarter. The company cited growing customer interest in automating software development tasks, including vulnerability remediation, dependency updates and cloud migrations. GitLab also introduced usage-based pricing and included DAP promotional credits with Premium and Ultimate subscriptions to accelerate platform adoption. GitLab’s expanding enterprise customer base and strengthening position in the DevSecOps platform category are expected to have supported growth in the first quarter of fiscal 2027. In fourth-quarter fiscal 2026, customers with more than $100,000 of ARR increased 18% year over year to 1,456, representing more than 75% of ARR. The company also added the highest number of $1 million-plus customers in its history during the quarter, with the cohort growing 26% year over year to more than 155 customers. This reflects strong enterprise adoption and customer expansion trends for GitLab.GitLab’s SaaS and higher-tier...

Investor releaseQuarter not tagged2026-05-29

ESTC Q4 Earnings Surpass Expectations, Revenues Increase Y/Y

Zacks

Elastic N.V. ESTC reported fourth-quarter fiscal 2026 non-GAAP earnings of 61 cents per share, which beat the Zacks Consensus Estimate by 8.9%. The figure increased 29.8% year over year. Elastic’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 19%. Revenues of $451 million beat the Zacks Consensus Estimate by 1%. The figure rose 16% year over year on a reported basis and 14% on a constant-currency (cc) basis. Customers with ACV above $100,000 ended the quarter at more than 1,720, underscoring continued enterprise traction. Elastic N.V. price-consensus-eps-surprise-chart | Elastic N.V. Quote Subscription revenues remained the company's core barometer of health, totaling $422.4 million, up 16.8% year over year and representing 94% of total revenues. Within that, sales-led subscription revenues (subscription revenues excluding Monthly Elastic Cloud) rose 19% year over year to $374.7 million, reflecting strength in larger, sales-driven engagements. Cloud continued to expand as a meaningful contributor. Annual Elastic Cloud revenues were $169.6 million, up 26% year over year. Monthly Elastic Cloud revenues were $47.8 million, up 3% year over year, keeping total Elastic Cloud at $217.4 million, or 48% of total revenues. Professional services revenues were $28.2 million, up 6% year over year and representing 6.3% of total revenues. Non-GAAP gross margin was 77.5% (up roughly 50 bps year over year) and non-GAAP operating margin was 14.8% (down approximately 50 bps). Current remaining performance obligations were $1.203 billion, up 20% year over year, while total remaining performance obligations reached $1.982 billion, up 28% year over year. Cash, cash equivalents and marketable securities totaled $1.37 billion as of April 30, 2026, against total debt of $570.9 million. Operating cash flow was $152.7 million, and adjusted free cash flow was $149.8 million, implying a 33% adjusted free cash flow margin for the quarter. In the fourth quarter of fiscal 2026, Elastic repurchased about 0.7 million shares at an average price of $61.28 for roughly $40 million. In fiscal 2026, the company repurchased about 4.4 million shares at an average price of $76.91, representing approximately $340 million in aggregate repurchases under its $500 million authorization. For the first quarter of fiscal 2027, Elastic expect...

Investor releaseQuarter not tagged2026-05-28

Marvell Technology Q1 Earnings Match Estimates, Revenues Rise Y/Y

Zacks

Marvell Technology MRVL came out with first-quarter fiscal 2027 earnings of 80 cents per share, in line with the Zacks Consensus Estimate. The company reported earnings of 62 cents per share a year ago. The bottom line increased 29% year over year. Marvell Technology’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missing the same on two occasions, with an average surprise of 0.4%. MRVL’s first-quarter fiscal 2027 revenues of $2.42 billion surpassed the Zacks Consensus Estimate by 0.59%. MRVL reported revenues of $1.90 billion in the year-ago quarter. The top-line record was built on demand in both reported end markets. Data center revenues increased 27% year over year and 11% sequentially to $1.83 billion. Communications and other revenues were $585 million, up 29% year over year and 3% sequentially. Marvell Technology, Inc. price-consensus-eps-surprise-chart | Marvell Technology, Inc. Quote Management pointed to “exceptional AI-related bookings” across its data center lineup and guided for continued sequential acceleration as fiscal 2027 progresses. The message was that AI buildout is pulling through multiple product families, including optical interconnect, custom silicon and switching. Marvell Technology emphasized strength in 800G PAM4 products, a quick ramp of 1.6T solutions and expanding traction in Ethernet switching as networking becomes more critical in larger AI clusters. The company also said the shift toward larger, multi-site AI systems is increasing the importance of data center interconnect modules. Strategically, MRVL highlighted an expanded partnership with NVIDIA across optics, NVLink Fusion integration and AI-RAN, intended to connect its custom silicon and optical networking capabilities into the NVIDIA ecosystem. Management said it has a line of sight to a $1 billion annualized DCI module revenue run rate during fiscal 2028. MRVL reported non-GAAP gross margin of 58.9%. Non-GAAP operating margin was 35.0%, supported by $846.9 million of non-GAAP operating income. MRVL’s non-GAAP operating expenses were $576.9 million as the company continued investing in AI growth priorities. Operating cash flow was a record $638.8 million in the quarter. Cash and cash equivalents ended the period at $3.84 billion compared with $2.64 billion posted on Jan. 31, 2026. MRVL’s total debt stood at $4.96 billion. M...

Investor releaseQuarter not tagged2026-05-28

Snowflake Q1 Earnings Top Estimates, Revenues Increase Y/Y, Shares Up

Zacks

Snowflake SNOW reported first-quarter fiscal 2027 non-GAAP earnings of 39 cents per share, which beat the Zacks Consensus Estimate by 21.88%. The company reported earnings of 24 cents per share in the year-ago quarter.Revenues were $1.39 billion, up 33% year over year and beat the Zacks Consensus Estimate by 5.23%.Snowflake shares have surged 34.88% in pre-market trading. SNOW’s fiscal first quarter was driven by consumption across its core platform, with product revenue representing the majority of results. Product revenues totaled $1.33 billion, which accounted for 96% of total revenues. Professional Services and other revenues were $56.6 million, which contributed 4% of total revenues, representing a 25.1% year-over-year increase. Snowflake Inc. price-consensus-eps-surprise-chart | Snowflake Inc. Quote Geographically, results remained concentrated in the Americas, which represented 78% of revenue, with EMEA and APJ contributing 16% and 6%, respectively. The steady regional mix suggests Snowflake is scaling internationally without materially changing its revenue concentration. Snowflake framed the quarter as an inflection point in its AI roadmap, citing accelerating adoption of first-party AI products alongside core platform demand. Management pointed to strong sequential product revenue dollar growth and emphasized the role of offerings such as Cortex Code and Snowflake Intelligence in broadening usage across the installed base.The company also underscored ecosystem moves aimed at extending distribution and deepening enterprise relevance. It expanded collaboration with AWS through a new $6 billion multi-year agreement, highlighted ongoing work with OpenAI, and noted that capabilities from its SAP partnership reached general availability. Snowflake also signed a definitive agreement to acquire Natoma in May 2026 to strengthen secure connections for AI agents across tools and workflows. SNOW ended the quarter with 13,912 total customers and added 616 net new customers, including 13 new Forbes Global 2000 customers. Large-customer depth continued to improve, with 779 customers above the $1 million trailing product revenue threshold, representing 29% year-over-year growth in that cohort.Retention remained a key support for the consumption model. Net revenue retention rate was 126%, reflecting continued expansion from existing customers, even as usage patterns...

Investor releaseQuarter not tagged2026-05-28

Synopsys Q2 Earnings Surpass Estimates, Revenues Rise Y/Y

Zacks

Synopsys SNPS reported non-GAAP earnings of $3.35 per share for the second quarter of fiscal 2026, which beat the Zacks Consensus Estimate by 5.7%. The bottom line decreased 8.7% on a year-over-year basis. Synopsys’ earnings beat the Zacks Consensus Estimate thrice and missed once in the trailing four quarters, with the average surprise being 0.9%. Synopsys’ fiscal second-quarter revenues jumped 41.9% year over year to $2.28 billion, beating the Zacks Consensus Estimate by 1.1%. The top line was primarily driven by an increase in revenues of Time-Based Product, Upfront Product and Maintenance and Service businesses. Synopsys, Inc. price-consensus-eps-surprise-chart | Synopsys, Inc. Quote In the license-type revenue group, Time-Based Product revenues of $945.6 million (representing 41.5% of total revenues) increased 14.2% year over year. Upfront Product revenues (24% of total) rose 7% to $546.3 million. Maintenance and Service revenues (34.5% of total) surged to $784.1 million, up sharply from the year-ago quarter’s $265.3 million. Segment-wise, Design Automation revenues, which include EDA, Ansys and Other, were $1.82 billion, representing 80% of total revenues and up 62.3% from the prior-year quarter. Design IP revenues were $454.2 million, representing 20% of total revenues and down from $482 million a year ago. With the addition of Ansys, the Simulation & Analysis group is now incorporated into the EDA segment, beginning the third quarter of fiscal 2025. Other revenues were $7 million, representing 0.3% of total revenues. Ansys contributed 28.7% of the total revenues. Geographically, Synopsys generated $998.5 million from North America (44% of total) and $378.1 million from Europe (17%). Revenues from Korea (12%), China (10%) and Other regions (17%) were $265.4 million, $240.4 million and $393.6 million, respectively. The non-GAAP operating margin for the quarter was 39.5%, which expanded 150 basis points from the year-ago period. Within segments, Design Automation’s adjusted operating margin improved to 43.3%, up from 40.9% a year earlier, while the Design IP segment’s adjusted margin contracted to 24.4%, down from 31.2% last year. Synopsys ended the second quarter of fiscal 2026 with $2.48 billion in cash, cash equivalents and short-term investments, up from $2.20 billion in the prior quarter. Total long-term debt was $10.01 billion. During the second q...

Investor releaseQuarter not tagged2026-05-28

CRM Q1 Earnings Top Estimates, Revenues Rise Y/Y on ARR Milestone

Zacks

Salesforce, Inc CRM delivered a solid first-quarter fiscal 2027 non-GAAP earnings of $3.88 per share, up 50.4% year over year. The bottom line beat the Zacks Consensus Estimate by 24.4%.Salesforce’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 9.5%.Revenues rose 13.3% year over year to $11.13 billion and exceeded the consensus mark by 0.68%. Results reflected continued customer demand for Salesforce’s agentic offerings, with Agentforce ARR surpassing the $1 billion milestone. Subscription and support revenues (95.1% of total revenues) increased 13.9% year over year to $10.59 billion, accounting for the bulk of total revenues. Professional services and other revenues (4.9% of total revenues) totaled $540 million, indicating relatively stable services activity during the quarter. Salesforce, Inc. price-consensus-eps-surprise-chart | Salesforce, Inc. Quote Within the updated revenue disclosure framework, Agentforce Apps revenue was $6.91 billion, while Data 360, Headless Platform and Other contributed $3.68 billion. Regionally, the Americas (65% of total revenues) generated revenues of $7.23 billion and grew 11.8% year over year. Europe (24.7% of total revenues) delivered revenues of $2.75 billion, reflecting year-over-year growth of 17.8%, while Asia Pacific (10.25 of total revenues) contributed revenues of $1.15 billion, up 12% year over year.Profitability also improved. Non-GAAP operating income totaled $3.87 billion, up 22% from the year-ago quarter’s $3.17 billion. Moreover, the non-GAAP operating margin expanded 250 basis points to 34.8%, supported by operating leverage and disciplined spending. Management emphasized productivity gains from the internal adoption of AI tooling, even as it continued to invest in go-to-market capacity. Salesforce exited the fiscal first quarter with cash, cash equivalents and marketable securities of $8.93 billion, down from $9.57 billion at the end of the previous quarter. CRM generated an operating cash flow of $6.70 billion and a free cash flow of $6.56 billion in the first quarter. As of April 30, the current remaining performance obligation (Crpo) was $33.6 billion, up 13.5% year over year. The company returned $27.5 billion to shareholders during the quarter, including $27.1 billion in share repurchases and $365 million in dividends. CRM also launche...

Investor releaseQuarter not tagged2026-05-28

HPQ's Q2 Earnings Surpass Expectations, Revenues Rise Y/Y

Zacks

HP Inc. HPQ reported second-quarter fiscal 2026 earnings of 86 cents per share, which beat the Zacks Consensus Estimate by 19.4%. The company reported earnings of 71 cents per share a year ago. These figures are adjusted for non-recurring items. HP’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, while matching the same on one occasion and missing once, the average surprise being 8.6%. HPQ posted revenues of $14.4 billion for the first quarter of fiscal 2026, which increased 9% year over year and surpassed the Zacks Consensus Estimate by 3.5%.This compares with $13.2 billion of revenues reported in the year-ago quarter. HP Inc. price-consensus-eps-surprise-chart | HP Inc. Quote Personal Systems (PS) revenues (71% of net revenues) came in at $10.2 billion, up 13% year over year (10% in constant currency). HP’s total PC units declined 7%, with Consumer PS shipments and Commercial PS shipments down 8% and 7%, respectively. On the revenue side, Consumer PS grew 10%, while Commercial PS rose 14%. The Printing business (29% of net revenues) generated $4.2 billion, flat year over year (down 2% in constant currency). Consumer Printing revenues fell 10%, Commercial Printing revenues remained flat, and Supplies revenues increased 1% (remained flat in CC). Total hardware units were down 7%, with both Consumer and Commercial units declining 8% and 4%, respectively. By geography, HP posted revenue growth in all regions. On a constant currency basis, the Americas rose 0.2%, EMEA was up 6.1%, and Asia Pacific & Japan grew 17.9% year over year. HPQ posted a non-GAAP operating margin of 7.5%, up 20 basis points year over year. HP ended the fiscal second quarter with $3.7 billion in cash, cash equivalents and restricted cash, up from the previous quarter’s $3.15 billion. During the quarter, HP generated $926 million of cash from operating activities and delivered $780 billion in free cash flow. During the quarter, the company returned $374 million to shareholders through dividends and share repurchases. For fiscal 2026, HPQ expects its non-GAAP earnings to be in the range of $2.90-$3.10 per share compared with the prior range of $2.90 to $3.20. The Zacks Consensus Estimate for HPQ’s fiscal 2026 earnings is pegged at $2.85, indicating a year-over-year decline of 8.7%. The Zacks Consensus Estimate for HPQ’s fiscal 2026 revenues is pegged...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook