HP Exceeds Quarterly Earnings Forecasts, Raises Full-Year Outlook Despite Share Decline
HP Inc (NYSE:HPQ) reported third-quarter results that beat analyst expectations with adjusted earnings per share of $0.83 and revenue rising 12.5% year-on-year to $15.7 billion. The company raised its full-year guidance, now projecting between $3.19 and $3.29 in adjusted EPS for fiscal 2026—above the current consensus estimate. The Personal Systems division saw a significant revenue increase of 18% driven by premium products and AI-enabled PCs despite an overall decline in unit shipments. Printing segment revenue fell slightly year-on-year, but HP remains optimistic about its performance heading into Q4. The company also raised free cash flow guidance to $3 billion–$3.2 billion for fiscal 2026. Despite the strong results and upgraded outlook, shares of HP dropped nearly 9% in premarket trading following a sharp rise over the previous month. Analysts remain cautious due to rising memory costs, potential demand elasticity from higher pricing, and leadership transition uncertainty.
Tickers: $HPQ
Topics: Earnings Guidance Upgrade Revenue Growth