HPQ

HPC

NYSE / Technology Hardware & Equipment

At close

2026-07-18

Current thesis

HP delivered a Q2 beat, with Personal Systems revenue up 13% y/y, non-GAAP EPS above the prior outlook, and strong free cash flow. The bull case is that commercial PC refresh, AI PC launches, and disciplined capital returns offset component inflation and keep FY26 free cash flow near the guided $2.8B-$3.0B range.

Posture

Mixed

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -0.0.

What can break

Inventory and receivables both moved higher quarter over quarter, so working-capital pressure needs watching if demand slows.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $20.00 · Bull $29.00 · Bear $16.00

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-29 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Neutral

Target $23.51

Why

Momentum54 · Δ7d +18.3

Value71 · Δ7d -0.0

Sentiment34 · Δ7d -4.5

So what

Balanced signals (Net Neutral). Wait for confirmation before sizing up.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendSoftening

Δ7d

+18.3

Δ21d

-2.9

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.0

Δ21d

-0.3

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-4.5

Δ21d

-8.3

Why this grade

Composite grade C. Momentum 54.1 / Value 71.2 / Sentiment 34.5

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$22.72B

Beta

1.22

Shares Out

914.52M

P/E (TTM)

8.2

P/S (TTM)

0.36

P/FCF (TTM)

11.61

Rev YoY

+11.0%

EPS YoY

+14.6%

Gross Margin

+20.3%

Op Margin

+5.8%

Net Debt

$7.18B

Current Ratio

0.79

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology