HP (NYSE:HPQ) Issues Q3 2026 Earnings Guidance

HP (NYSE:HPQ) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.610-0.710 for the period, compared to the consensus estimate of 0.630. The company issued revenue guidance of -. HP also updated its FY 2026 guidance to 2.900-3.100 EPS.

HP Trading Up 4.6%

Shares of HPQ stock opened at $25.55 on Thursday. The firm has a 50-day moving average price of $20.29 and a 200 day moving average price of $21.11. HP has a twelve month low of $17.56 and a twelve month high of $29.55. The company has a market capitalization of $23.37 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 6.75 and a beta of 1.09.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The firm’s revenue for the quarter 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. As a group, research analysts predict that HP will post 2.85 earnings per share for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. HP’s dividend payout ratio is currently 45.45%.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday. The Goldman Sachs Group decreased their target price on HP from $21.00 to $16.00 and set a “sell” rating for the company in a report on Wednesday, February 25th. Citigroup decreased their target price on HP from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Finally, Evercore set a $22.00 target price on HP in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, HP has an average rating of “Reduce” and an average price target of $22.08.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported Q2 revenue of $14.4 billion and non-GAAP EPS of $0.86, both above Wall Street estimates, with revenue up 9% year over year and earnings up 21%. Reuters article
• Positive Sentiment: Management said demand was boosted by AI-optimized PCs and the Windows 11 refresh cycle, which supports the outlook for HP’s personal systems business. GuruFocus article
• Neutral Sentiment: HP also generated $0.8 billion in free cash flow and returned $374 million to shareholders through dividends and buybacks, which reinforces its cash-generation profile. Globe Newswire article
• Negative Sentiment: Despite the beat, HP cut its fiscal 2026 profit guidance to $2.15-$2.45 per share from $2.47-$2.77, signaling margin pressure from rising costs. WSJ article

Institutional Investors Weigh In On HP

Several institutional investors and hedge funds have recently made changes to their positions in HPQ. DV Equities LLC acquired a new stake in shares of HP during the 4th quarter valued at approximately $29,000. Wilkerson Advisory Group LLC acquired a new stake in shares of HP during the 4th quarter valued at approximately $41,000. JPL Wealth Management LLC acquired a new stake in HP in the third quarter worth $43,000. Platinum Investment Management Ltd. acquired a new stake in HP in the fourth quarter worth $59,000. Finally, Summit Securities Group LLC increased its position in HP by 78.4% in the fourth quarter. Summit Securities Group LLC now owns 2,887 shares of the computer maker’s stock worth $64,000 after buying an additional 1,269 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

About HP

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.