HPQ

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. HP (HPQ) is in focus after reporting year-on-year revenue growth, with earnings and full-year guidance above analyst expectations, alongside a new OpenAI Frontier partnership aimed at expanding AI driven solutions across its operations. See our latest analysis for HP. HP’s recent OpenAI Frontier partnership and revenue growth come after a mixed stretch for investors, with the share price at US$24.22 and a 90 day share price return of 32.64% contrasting with a relatively flat 1 year total shareholder return of 0.17% and a 3 year total shareholder return that is down 16.48%. If HP’s AI push has caught your attention, it could be a good moment to look at other companies building the infrastructure behind these trends through the 52 AI infrastructure stocks HP’s shares have jumped on the OpenAI partnership and solid results, yet the stock still sits at a sizeable discount to some fair value estimates while trading above analyst targets. This raises the question of whether the market’s caution is misplaced or justified by the risks. HP’s most followed narrative places fair value at $22.91, slightly below the last close at $24.22, which frames the OpenAI partnership against modest growth expectations and tight margin assumptions. Read the complete narrative. Want to see how this story translates into numbers? The narrative leans on stable revenues, a modestly higher profit margin and a future earnings multiple that stays well below many tech peers. Result: Fair Value of $22.91 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, HP’s narrative can still be challenged if structural pressure in traditional print and PC hardware persists, or if higher memory and input costs squeeze margins. Find out about the key risks to this HP narrative. While the SWS DCF model points to HP trading at a discount to an intrinsic value estimate of $41.93, the market is far more restrained when you look at earnings multiples. HP changes hands at a P/E of 8.7x, compared with 24.2x for the global tech industry and 50.4x for its peer group, and an estimated fair ratio of 25.7x. That gap suggests either a cushion against disappointment or a signal that investors still see real risks in the story. Wh...

A month has gone by since the last earnings report for HP (HPQ). Shares have lost about 8.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is HP due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for HP Inc. before we dive into how investors and analysts have reacted as of late. HP 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. 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. 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...

Investors signalled that they were pleased with HP Inc.'s (NYSE:HPQ) most recent earnings report. According to our analysis of the report, the strong headline profit numbers are supported by strong earnings fundamentals. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. The ratio shows us how much a company's profit exceeds its FCF. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". Over the twelve months to April 2026, HP recorded an accrual ratio of -0.19. Therefore, its statutory earnings were very significantly less than its free cashflow. To wit, it produced free cash flow of US$3.8b during the period, dwarfing its reported profit of US$2.55b. HP's free cash flow improved over the last year, which is generally good to see. However, that's not all there is to consider. We can see that unusual items have impacted its statutory profit, and therefore the accrual ratio. Check out our latest analysis for HP That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. HP's profit was reduced by unusual items worth US$708m in the last twelve months, and this helped it produce high cash conversion, as reflected by its unusual items. This is what you'd expect to see where a company has a non-cash charge reducing paper profits. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very ofte...

HP’s first quarter results showed resilience amid a complex market backdrop, with management crediting disciplined execution and a clear focus on high-value product categories for its performance. Interim CEO Bruce Dale Broussard pointed to the company’s ongoing efforts to strengthen its market position and accelerate the rollout of AI-driven solutions, particularly in personal systems and printing. Management emphasized the importance of strategic inventory positions and supply chain management as key contributors to margin stability, despite rising commodity costs and a competitive environment. Is now the time to buy HPQ? Find out in our full research report (it’s free). Revenue: $14.41 billion vs analyst estimates of $13.91 billion (9% year-on-year growth, 3.6% beat) Adjusted EPS: $0.86 vs analyst estimates of $0.72 (20.3% beat) Management lowered its full-year Adjusted EPS guidance to $3 at the midpoint, a 1.6% decrease Operating Margin: 4.2%, in line with the same quarter last year Market Capitalization: $24.96 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Samik Chatterjee (JPMorgan) asked about margin offsets in personal systems given rising memory costs; CFO Karen L. Parkhill said mitigation actions are ongoing but expects margins to reach a low point in Q4 before improving sequentially. Amit Daryanani (Evercore) questioned the durability of commercial PC demand versus pull-forward dynamics; Parkhill estimated that 2–3% of growth was due to pull-forward and noted underlying demand remains, supported by Windows refresh cycles. Erik Woodring (Morgan Stanley) pressed on demand elasticity amid higher pricing and PC upgrade cycles; Parkhill said unit demand will likely decline as prices rise, but HP intends to offset this via premium mix and service attachment. Brian Luke (UBS) inquired about HP's ability to secure memory and storage; Ketan Patel, head of personal systems, said supply is secured for the year, with ongoing efforts to qualify new suppliers and maintain inventory flexibility. Wamsi Mohan (BofA) sought clarity on the sustainability of supply revenue and margin outlook in print; Parkhill attri...

Super Micro Computer stock surged Friday as earnings from artificial-intelligence server peer Dell Technologies had investors excited about the growth ahead for hardware stocks. Super Micro stock jumped 10% to $45.48 on Friday following Dell’s report. Dell stock also soared, after the company said Thursday night that quarterly revenue for its AI-optimized servers rose 757% from the prior year.

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...

PALO ALTO, Calif., May 27, 2026 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ) Second quarter GAAP diluted net earnings per share ("EPS") of $0.49, up 16.7% from the prior year period Second quarter non-GAAP diluted net EPS of $0.86, up 21.1% from the prior year period Second quarter net revenue of $14.4 billion, up 9.0% from the prior year period Second quarter net cash provided by operating activities of $0.9 billion, free cash flow of $0.8 billion Second quarter returned $374 million to shareholders in the form of dividends and share repurchases Notes to tableInformation about HP Inc.'s use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below. 1. "NM" represents not meaningful either because the amount is too small or large to be meaningful for comparative purposes. Net revenue and EPS resultsHP Inc. and its subsidiaries (“HP”) announced fiscal 2026 second quarter net revenue of $14.4 billion, up 9.0% (up 6.3% in constant currency) from the prior-year period. "During the second quarter, we continued executing our future of work strategy through intelligent devices, edge AI, and connected experiences while navigating rising commodity costs,” said Bruce Broussard, Interim CEO, HP Inc. “We introduced innovations across AI PCs, Z workstations, AI-powered print, and HP IQ that simplify work and improve productivity. These reflect our progress in building intelligent devices and services that capture the value of AI at the edge and support long-term growth.” “We delivered strong second-quarter results, with 9% revenue growth and even stronger earnings and free cash flow,” said Karen Parkhill, CFO, HP Inc. “With two solid quarters behind us, we are executing with discipline in a dynamic environment and are strengthening our outlook for the fiscal year to reflect this.” Second quarter GAAP diluted net EPS was $0.49, up from $0.42 in the prior-year period and below the previously provided outlook of $0.52 to $0.58. Second quarter non-GAAP diluted net EPS was $0.86, up from $0.71 in the prior-year period and above the previously provided outlook of $0.70 to $0.76. Second quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude certain adjustments. Refer to "Adjustments to GAAP Net earnings" section in the below tables. Asset managementHP's net cash provided by operating activities in the second quarter of fiscal 2026 was $...

HP (HPQ) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +20.11%. A quarter ago, it was expected that this personal computer and printer maker would post earnings of $0.77 per share when it actually produced earnings of $0.81, delivering a surprise of +5.19%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. HP, which belongs to the Zacks Computer - Micro Computers industry, posted revenues of $14.41 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 3.52%. This compares to year-ago revenues of $13.22 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. HP shares have added about 9.7% since the beginning of the year versus the S&P 500's gain of 9.8%. While HP has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for HP was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will...

HP (HPQ) reported fiscal Q2 adjusted earnings late Wednesday of $0.86 per diluted share, up from $0.

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — HP Inc. (HPQ) on Wednesday reported fiscal second-quarter net income of $450 million. On a per-share basis, the Palo Alto, California-based company said it had net income of 49 cents. Earnings, adjusted for one-time gains and costs, were 86 cents per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. The personal computer and printer maker posted revenue of $14.41 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $13.92 billion. For the current quarter ending in July, HP expects its per-share earnings to range from 61 cents to 71 cents. The company expects full-year earnings in the range of $2.90 to $3.10 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPQ at https://www.zacks.com/ap/HPQ

HP (HPQ) reported $14.41 billion in revenue for the quarter ended April 2026, representing a year-over-year increase of 9%. EPS of $0.86 for the same period compares to $0.71 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $13.92 billion, representing a surprise of +3.52%. The company delivered an EPS surprise of +20.11%, with the consensus EPS estimate being $0.72. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how HP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Days in accounts payable: 151.00 Days compared to the 140.50 Days average estimate based on two analysts. Days of sales outstanding in accounts receivable: 38.00 Days compared to the 31.00 Days average estimate based on two analysts. Days of supply in inventory: 73.00 Days versus 72.00 Days estimated by two analysts on average. Cash conversion cycle: 40.00 Days versus 37.50 Days estimated by two analysts on average. Net revenue- Personal Systems- Commercial PS: $7.74 billion versus $7.32 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change. Net revenue- Personal Systems- Consumer PS: $2.47 billion versus $2.48 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change. Net revenue- Personal Systems: $10.21 billion versus $9.8 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.2% change. Net revenue- Printing- Supplies: $2.75 billion versus $2.74 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change. Net revenue- Printing- Commercial Printing: $1.17 billion versus the two-analyst average estimate of $1.14 billion. The reported number represents a year-over-year change of +0.1%. Net revenue- Printing- Consumer Printing: $...

Image source: The Motley Fool. May 27, 2026, 5:30 p.m. ET Interim Chief Executive Officer — Bruce Dale Broussard Chief Financial Officer — Karen L. Parkhill President, Personal Systems — Ketan Patel Global Treasurer & Head of Investor Relations — Alok Juyal Operator: Good day, everyone, and welcome to the Second Quarter 26 HP Inc. Earnings Conference Call. My name is Krista, and I will be your conference moderator for today's call. At this time, all participants will be in a listen-only mode. We will be facilitating a question-and-answer session towards the end of the conference. Should you need assistance during the call, please signal a conference specialist by pressing the star key followed by 0. As a reminder, this conference is being recorded for replay purposes. I would now like to turn the call over to Alok Juyal, Global Treasurer and Head of Investor Relations. Please go ahead. Alok Juyal: Good afternoon, everyone. And welcome to HP's Second Quarter 26 Earnings Conference Call. With me today are Bruce Dale Broussard, HP's interim chief executive officer and Karen L. Parkhill, HP's chief financial officer. Before handing the call over to Bruce, let me remind you that this call is a webcast, and a replay will be available on our website shortly after the call for approximately 1 year. We posted the earnings release and accompanying slide presentation on our investor relations web page at investor.hp.com. As always, elements of this presentation are forward looking and are based on our best view of the world and our business as we see them today. For more detailed information, please see disclaimers in the earnings materials relating to forward looking statements that involve risks, uncertainties, and assumptions. For a discussion of some of these risks, uncertainties, and assumptions, please refer to HP's SEC reports including our most recent Form 10-K. HP assumes no obligation and does not intend to update any forward looking statements. We also note that the financial information discussed on this call reflects estimates based on information available now and could differ materially from the amounts ultimately reported in HP's SEC filings. During this webcast, unless otherwise specifically noted, all comparisons are year over year comparisons with the corresponding year ago period. In addition, unless otherwise noted, references to HP channel invento...