HPQ HP Inc.
Price Chart
Executive Summary
HPQ reported FQ2 2026 non-GAAP EPS of $0.86, a 20.3% beat vs $0.72 consensus, on revenue of $14.4B (+9% YoY). Raised full-year non-GAAP EPS guidance to $2.90-3.10 (midpoint $3.00 vs prior $2.82-3.02) and FCF guidance to $2.8-3.0B. The strong beat, raised outlook, and large EPS surprise will likely drive the stock higher.
Key Financial Metrics
Actionable Insight
HPQ's strong beat and raised guidance confirm PC upgrade cycle momentum and margin resilience. With 12% of analysts bullish, the surprise magnitude may drive short covering and upward revisions; consider adding or holding long into the Q3 print.
Key Facts
- Non-GAAP EPS $0.86 beat consensus $0.72 by 20.3%.
- Revenue $14.4B beat consensus $14.07B by 2.3% and grew 9% YoY.
- Personal Systems revenue $10.2B (+13% YoY).
- Non-GAAP operating margin 7.5% expanded 0.2 pts YoY.
- FCF $0.8B vs -$0.1B year ago; FCF guidance raised to $2.8-3.0B.
- Full-year GAAP EPS guidance raised to $2.15-2.45; non-GAAP to $2.90-3.10.
- Returned $374M to shareholders ($274M dividends + $100M buybacks).
Financial Impact
Non-GAAP EPS beat consensus by $0.14 (20.3%); revenue beat by $0.33B (2.3%). Full-year non-GAAP EPS midpoint raised by $0.18 (+6.2%).
Risk Factors
- Rising commodity costs and currency headwinds could pressure margins in H2 despite raised guidance.
- Restructuring charges $365M in Q2 vs $122M year ago; elevated restructuring costs could weigh on GAAP earnings.
- Consumer PS units down 8% and Printing hardware units down 7% signal soft demand in some end markets.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3302394 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 27, 2026
18d ago
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8-K
| $24.97 $26.31 | ▲ +5.37% | ▲ +5.05% | $25.24 (+1.10%) |
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May 27, 2026
18d ago
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Press Release
| $24.97 $26.31 | ▲ +5.37% | ▲ +5.05% | $25.24 (+1.10%) |
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May 26, 2026
19d ago
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Press Release
| $24.40 $27.26 | ▲ +11.72% | ▲ +10.51% | $25.24 (+3.46%) |
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May 19, 2026
26d ago
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Press Release
| $21.05 $24.97 | ▲ +18.62% | ▲ +16.82% | $25.24 (+19.92%) |
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Mar 30, 2026
11w ago
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Court Ruling
| $19.03 $18.62 | ▼ −2.15% | ▼ −6.46% | $25.24 (+32.66%) |
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Mar 24, 2026
11w ago
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Press Release
| $18.90 $19.21 | ▲ +1.65% | ▲ +2.07% | $25.24 (+33.57%) |
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Feb 25, 2026
15w ago
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DEFA14A
| $18.80 $19.34 | ▲ +2.87% | ▲ +3.99% | $25.24 (+34.28%) |
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Feb 24, 2026
15w ago
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8-K
| $18.20 $19.17 | ▲ +5.34% | ▲ +6.44% | $25.24 (+38.71%) |
US Market Status
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