HP (NYSE:HPQ) Issues Q2 2026 Earnings Guidance

Posted by Stanley Muller on Feb 24th, 2026

HP (NYSE:HPQ – Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.700-0.760 for the period, compared to the consensus estimate of 0.750. The company issued revenue guidance of -.

Analysts Set New Price Targets

HPQ has been the topic of a number of research analyst reports. Bank of America restated an “underperform” rating and issued a $20.00 target price (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. UBS Group decreased their price objective on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Citigroup decreased their price target on shares of HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, HP currently has a consensus rating of “Reduce” and an average target price of $23.62.

View Our Latest Stock Analysis on HPQ

HP Trading Down 1.1%

Shares of HPQ traded down $0.20 during mid-day trading on Tuesday, reaching $18.15. The company’s stock had a trading volume of 26,952,482 shares, compared to its average volume of 19,321,566. HP has a 52 week low of $18.00 and a 52 week high of $35.01. The stock has a market cap of $16.66 billion, a PE ratio of 6.85, a P/E/G ratio of 0.30 and a beta of 1.21. The company’s fifty day moving average price is $20.74 and its two-hundred day moving average price is $24.56.

HP (NYSE:HPQ – Get Free Report) last released its earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. HP had a net margin of 4.57% and a negative return on equity of 330.68%. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Research analysts anticipate that HP will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.6%. HP’s payout ratio is currently 45.28%.

Insider Activity at HP

In related news, insider Ketan M. Patel sold 33,321 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the transaction, the insider directly owned 34,572 shares in the company, valued at $801,724.68. This trade represents a 49.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Enrique Lores sold 41,922 shares of HP stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the completion of the transaction, the chief executive officer directly owned 141,456 shares in the company, valued at $3,677,856. This trade represents a 22.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 91,969 shares of company stock worth $2,277,993 in the last ninety days. 0.38% of the stock is owned by company insiders.

More HP News

Here are the key news stories impacting HP this week:

Positive Sentiment: Q1 results beat estimates — HP reported GAAP revenue of $14.44B (+6.9% YoY) and non‑GAAP EPS of $0.81, topping consensus and showing operational revenue growth. HP Inc. Reports Fiscal 2026 First Quarter Results
Neutral Sentiment: Cash flow and shareholder return: HP generated $383M operating cash, $175M free cash flow, and returned roughly $0.6B via buybacks/dividends — supportive for yield-focused investors but modest in scale. HP Inc. Reports Fiscal 2026 First Quarter Results (GlobeNewswire)
Neutral Sentiment: Mixed earnings picture — GAAP EPS slipped slightly year‑over‑year while non‑GAAP EPS rose ~9.5%; operating margins were down modestly, leaving the quarter mixed beneath the headline beat. HP earnings snapshot (MarketBeat)
Negative Sentiment: Management pulled its fiscal‑year outlook toward the low end of prior guidance, citing higher memory chip costs and risks from U.S. trade regulations — a major reason shares weakened despite the beat. HP warns US trade regulations, memory chip costs to weigh annual forecasts (Reuters)
Negative Sentiment: Coverage and market reaction: analysts updated expectations ahead of/after the print and the stock sold off in extended trading as investors focused on cost headwinds; media reports highlight the guidance shift as the primary catalyst. Top Wall Street Forecasters Revamp HP Expectations Ahead Of Q1 (Benzinga)
Negative Sentiment: Press/wire coverage summarizes the market takeaway as “mixed guidance outweighs strong Q1 results,” reinforcing selling pressure into the close. HP slides as mixed guidance weighs on strong Q1 results (MSN)

Institutional Investors Weigh In On HP

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of HP by 31.7% during the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after acquiring an additional 3,671,511 shares during the last quarter. Rare Wolf Capital LLC purchased a new position in HP during the 4th quarter valued at about $205,000. Corient Private Wealth LLC increased its holdings in HP by 27.3% during the 4th quarter. Corient Private Wealth LLC now owns 277,505 shares of the computer maker’s stock valued at $6,183,000 after purchasing an additional 59,567 shares during the period. Alberta Investment Management Corp raised its position in HP by 121.0% during the 4th quarter. Alberta Investment Management Corp now owns 236,300 shares of the computer maker’s stock valued at $5,265,000 after purchasing an additional 129,400 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in HP by 12.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 412,816 shares of the computer maker’s stock worth $9,198,000 after buying an additional 45,609 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Company Profile

(Get Free Report)

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.