HP (NYSE:HPQ) Releases FY 2026 Earnings Guidance

HP (NYSE:HPQ) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.900-3.100 for the period, compared to the consensus estimate of 2.880. The company issued revenue guidance of -. HP also updated its Q3 2026 guidance to 0.610-0.710 EPS.

HP Trading Up 4.6%

NYSE:HPQ traded up $1.12 during mid-day trading on Wednesday, reaching $25.55. The company’s stock had a trading volume of 34,795,778 shares, compared to its average volume of 19,157,703. HP has a 12-month low of $17.56 and a 12-month high of $29.55. The firm’s fifty day moving average price is $20.15 and its two-hundred day moving average price is $21.12. The stock has a market cap of $23.37 billion, a P/E ratio of 9.68, a PEG ratio of 6.97 and a beta of 1.09.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Analysts predict that HP will post 2.85 earnings per share for the current fiscal year.

HP Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Evercore set a $22.00 price target on HP in a research note on Thursday, February 19th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Barclays cut their price target on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company cut their price target on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $21.67.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q2 revenue of $14.4 billion, up 9% year over year, and non-GAAP EPS of $0.86, up 21%, both ahead of expectations. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said demand was helped by AI-optimized PCs and the Windows 11 upgrade cycle, suggesting healthier near-term PC market trends. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Positive Sentiment: HP beat consensus estimates, reporting $0.86 EPS versus $0.72 expected and revenue of $14.41 billion versus $13.99 billion expected. HP earnings and stock page

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HPQ. Baird Financial Group Inc. grew its stake in shares of HP by 13.1% during the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after acquiring an additional 13,265 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after acquiring an additional 551 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after acquiring an additional 8,779 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of HP by 70.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after acquiring an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC bought a new position in shares of HP during the 2nd quarter valued at approximately $233,000. 77.53% of the stock is currently owned by 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.