Loading
Sentiment · FY2026 Q3
As of FY2026 Q2, the Tellvest earnings-call sentiment score for HP Inc. (HPQ) is 6/10.
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.
Scored from HP Inc.’s FY2026 Q2 earnings call. The newest quarter is available with Tellvest Pro.
Full Pro access for 30 days when you create a free account. No credit card required.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $14.05B | +1.7% | $0.92 | -5.2% | 21.4% | 7.1% | 6.4% | $1.47B |
| FY2025 Q1 | $13.50B | +2.4% | $0.59 | -4.8% | 21.0% | 6.3% | 4.2% | $72M |
| FY2025 Q2 | $13.22B | +3.3% | $0.42 | -31.1% | 20.7% | 4.9% | 3.1% | $-145M |
| FY2025 Q3 | $13.93B | +3.1% | $0.80 | +23.1% | 20.5% | 5.1% | 5.5% | $1.45B |
| FY2025 Q4 | $14.64B | +4.2% | $0.84 | -8.7% | 19.8% | 7.4% | 5.4% | $1.43B |
| FY2026 Q1 | $14.44B | +6.9% | $0.58 | -1.7% | 19.6% | 5.3% | 3.8% | $150M |
| FY2026 Q2 | $14.41B | +9.0% | $0.49 | +16.7% | 20.9% | 4.2% | 3.1% | $756M |
| FY2026 Q3 | $15.68B | +12.5% | $0.71 | -11.3% | 18.8% | 5.7% | 4.2% | $1.55B |