HP (NYSE:HPQ – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.610-0.710 for the period, compared to the consensus earnings per share estimate of 0.630. The company issued revenue guidance of -. HP also updated its FY 2026 guidance to 2.900-3.100 EPS.
HP Price Performance
Shares of HP stock opened at $24.92 on Friday. HP has a 1 year low of $17.56 and a 1 year high of $29.55. The firm’s 50-day moving average is $20.41 and its two-hundred day moving average is $21.10. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 7.04 and a beta of 1.09.
HP (NYSE:HPQ – Get Free Report) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 467.21%. The company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities analysts expect that HP will post 2.85 earnings per share for the current year.
HP Dividend Announcement
Analysts Set New Price Targets
Several research analysts have issued reports on HPQ shares. TD Cowen increased their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday. UBS Group increased their target price on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday. Bank of America increased their target price on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday. Wells Fargo & Company increased their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Evercore set a $22.00 price target on shares of HP in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $23.08.
Read Our Latest Research Report on HPQ
More HP News
Here are the key news stories impacting HP this week:
- Positive Sentiment: HP reported stronger-than-expected Q2 results, with adjusted EPS of $0.86 and revenue of $14.41 billion, both above estimates, helped by 9% year-over-year revenue growth and robust Personal Systems demand. HPQ’s Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
- Positive Sentiment: Management highlighted AI PC demand and the Windows 11 refresh cycle as important drivers, reinforcing the view that HP can benefit from an ongoing PC replacement cycle. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
- Positive Sentiment: Several analyst firms raised price targets after the report, including JPMorgan and Morgan Stanley, signaling that Wall Street sees limited upside risk but is still constructive on the business. Analyst price target updates
- Neutral Sentiment: HP’s earnings call was seen as balanced, with management emphasizing AI growth opportunities while also acknowledging cost pressures and leadership transition issues. HP Inc. Earnings Call Balances AI Growth And Costs
- Negative Sentiment: HP lowered its full-year profit outlook to $2.15-$2.45 per share from $2.47-$2.77, which appears to be the main reason the stock weakened despite the earnings beat. HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue
- Negative Sentiment: HP also flagged rising memory costs and slowing demand, adding pressure to margins and making investors wary about the second half of the year. HP beats Q2 estimates but trims full-year outlook on memory cost pressure
Hedge Funds Weigh In On HP
Hedge funds and other institutional investors have recently modified their holdings of the stock. DV Equities LLC purchased a new position in shares of HP in the 4th quarter valued at approximately $29,000. Wilkerson Advisory Group LLC purchased a new position in shares of HP in the 4th quarter valued at approximately $41,000. JPL Wealth Management LLC purchased a new position in shares of HP in the 3rd quarter valued at approximately $43,000. Platinum Investment Management Ltd. purchased a new position in shares of HP in the 4th quarter valued at approximately $59,000. Finally, Summit Securities Group LLC raised its position in shares of HP by 78.4% in the 4th quarter. Summit Securities Group LLC now owns 2,887 shares of the computer maker’s stock valued at $64,000 after purchasing an additional 1,269 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.
HP Company Profile
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.
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