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Sentiment · FY2026 Q2
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Wamsi Mohan | Bank of America | 14 | 43% |
| Samik Chatterjee | JPMorgan | 8 | 0% |
| Erik Woodring | Morgan Stanley | 8 | 25% |
| Mike Ng | Goldman Sachs | 7 | 0% |
| Brian Luke | UBS | 6 | 0% |
| Alek Valero | Loop Capital | 6 | 0% |
| Amit Daryanani | Evercore ISI | 6 | 33% |
| Dave Vogt | UBS | 5 | 0% |
| Mike Cadiz | Citigroup | 5 | 0% |
| Irvin Liu | Evercore ISI | 5 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Bank of America | 1 | 14 | 43% |
| Morgan Stanley | 3 | 14 | 29% |
| JPMorgan | 2 | 12 | 8% |
| Evercore ISI | 2 |
| 11 |
| 18% |
| UBS | 2 | 11 | 0% |
| Loop Capital | 2 | 10 | 0% |
| Goldman Sachs | 2 | 10 | 0% |
| Citigroup | 2 | 9 | 0% |
HP INC. delivered 9% revenue growth driven by a 13% surge in Personal Systems, with AIPC shipment mix climbing from 35% to 44%, while Print revenue remained flat in a competitive market. Non-GAAP EPS of $0.86 rose over 20% year-over-year, aided by disciplined pricing, favorable mix toward premium categories, and lower financing costs, though GAAP operating income declined 6% due to voluntary early retirement restructuring charges. Management narrowed full-year EPS guidance to $2.90-$3.10 from $2.90-$3.20, reflecting confidence in cost mitigation progress but acknowledging rising memory, storage, and oil-related input costs through the back half, with Q4 PS margins expected to trough. The Windows 11 refresh cycle with roughly 30% of the installed base remaining and growing enterprise demand for AI at the edge provide near-term tailwinds, though unit TAM is expected to decline high teens in the second half of calendar 2026.
Margin | Demand | Cost Pressure | Pricing | Cloud & AI | Revenue Growth | Competitive Dynamics | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 4 | 1 | 4 | 4 | 3 | 3 | 3 |
| 2025Q1 | 2 | 5 | 1 | 2 | 5 | 4 | 4 | 1 |
| 2025Q2 | 6 | 4 | 1 | 5 | 3 | 2 | 1 | 4 |
| 2025Q3 | 5 | 6 | 3 | 2 | 5 | |||
| 2025Q4 | 4 | 3 | 7 | 3 | 4 | 3 | 1 | 2 |
| 2026Q1 | 6 | 5 | 9 | 4 | 3 | 2 | 3 | |
| 2026Q2 | 6 | 5 | 8 | 3 | 2 | 2 | 1 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Margin | 4 | 2 | 6 | 5 | 4 | 6 | 6 |
| Demand | 4 | 5 | 4 | 6 | 3 | 5 | 5 |
| Cost Pressure | 1 | 1 | 1 | 7 | 9 | 8 | |
| Pricing | 4 | 2 | 5 | 3 | 3 | 4 | 3 |
| Cloud & AI | 4 | 5 | 3 | 2 | 4 | 2 | |
| Revenue Growth | 3 | 4 | 2 | 3 | 3 | 2 | |
| Competitive Dynamics | 3 | 4 | 1 | 5 | 1 | 2 | 1 |
| Supply Chain | 3 | 1 | 4 | 2 | 3 | 4 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HPQ HP Inc. | 6 | +9.0% | |
| ANET Arista Networks | 9 | +35.1% | |
| DELL Dell Technologies | 9 | +87.5% | |
| NTAP NetApp | 9 | +12.5% | |
| SMCI Supermicro | 7 | +122.7% | |
| STX Seagate Technology Holdings | 10 | +44.1% | |
| WDC Western Digital | 9 | +45.5% |