HP Reports Q3 2026 Earnings with Strong Personal Systems Growth
In its third-quarter earnings call for fiscal year 2026, HP (NYSE: HPQ) reported revenue of $15.7 billion, a 13% increase driven by strong performance in the Personal Systems segment. Non-GAAP EPS reached $0.83, up 11%, partly due to tariff refunds. The company raised its full-year guidance for both non-GAAP earnings and free cash flow based on improved financial results. Personal Systems revenue grew 18% year-over-year to $11.8 billion despite a 16% decline in unit shipments, as HP prioritized higher-value sales over volume. Printing segment revenue declined by 2%, but operating margin increased slightly due to pricing actions and tariff refunds. Free cash flow for the quarter was $1.6 billion, with guidance raised to between $3 billion and $3.2 billion for fiscal year 2026. Looking ahead, HP faces challenges including rising input costs that may pressure margins in Q4. The company is also navigating a declining PC unit market TAM and expects Personal Systems revenue growth to slow seasonally due to commodity price increases.
Tickers: $HPQ
Topics: free_cash_flow non-gaap_eps personal_systems_growth printing_segment_performance revenue