HP (NYSE:HPQ) Releases Q2 2026 Earnings Guidance

HP (NYSE:HPQ) updated its second quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.700-0.760 for the period, compared to the consensus EPS estimate of 0.750. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research firms have weighed in on HPQ. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Argus upgraded HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Evercore set a $22.00 target price on shares of HP in a report on Thursday, February 19th. Finally, Bank of America reiterated an “underperform” rating and issued a $20.00 target price (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $22.23.

HP Stock Up 5.0%

HPQ traded up $0.92 on Thursday, reaching $19.13. The company had a trading volume of 7,175,870 shares, compared to its average volume of 19,737,246. HP has a 1 year low of $17.56 and a 1 year high of $33.90. The stock has a market capitalization of $17.56 billion, a PE ratio of 7.24, a P/E/G ratio of 0.29 and a beta of 1.21. The stock has a 50-day moving average price of $20.48 and a 200-day moving average price of $24.46.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 359.21% and a net margin of 4.46%.The firm had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same quarter last year, the company posted $0.74 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, analysts expect that HP will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Wednesday, March 11th. HP’s payout ratio is presently 45.28%.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 41,922 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the completion of the transaction, the chief executive officer owned 141,456 shares in the company, valued at $3,677,856. This trade represents a 22.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider owned 169 shares in the company, valued at $4,196.27. This represents a 99.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 91,969 shares of company stock valued at $2,277,993 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: Q1 beat on top and bottom lines — HP reported revenue of $14.44B (+6.9% YoY) and non-GAAP EPS $0.81, topping consensus, and highlighted growth in Personal Systems. This supports near-term demand evidence for its PC business. Read More.
• Positive Sentiment: Heavy call-option buying — unusually large volume (56,561 calls, ~160% above typical) suggests speculative/hedged bullish positioning that could amplify intraday upside on any constructive news. (Options flow reported 2/25/26)
• Neutral Sentiment: Analysts and models are being reset — some research notes still highlight HP’s position in the tech sector and restructuring actions, but emphasize trade and cost risks; look for more analyst note changes as models are updated. Read More.
• Negative Sentiment: Company cut tone on outlook — HP warned that U.S. trade regulations and surging memory-chip costs will push results toward the low end of guidance, and gave Q2 EPS guidance of $0.70–$0.76 (around/below consensus), weighing on forward margins. Read More.
• Negative Sentiment: Margin squeeze from memory costs — multiple write-ups and analyst commentary flag rising memory prices as a material headwind that could compress margins this fiscal year. Read More.
• Negative Sentiment: Wave of price-target cuts and downgrades — Wells Fargo trimmed its target to $18 (underweight), Barclays to $16 (underweight), Morgan Stanley and Goldman also cut to ~$16 with lower ratings. These coordinated cuts increase selling pressure and reduce analyst support. Read More. Read More. Read More.
• Negative Sentiment: Stock technical/psychological pressure — coverage notes HP touched a fresh 52-week low and shares slid in extended trading after management’s cautious commentary, making the name vulnerable to further downside until clarity on memory costs and guidance arrives. Read More.

Institutional Investors Weigh In On HP

Several hedge funds have recently made changes to their positions in HPQ. Rare Wolf Capital LLC purchased a new position in HP in the fourth quarter valued at about $205,000. EFG International AG purchased a new stake in HP during the 4th quarter worth approximately $186,000. Geneos Wealth Management Inc. raised its position in shares of HP by 28.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,493 shares of the computer maker’s stock valued at $159,000 after purchasing an additional 1,426 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of HP by 25.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,746 shares of the computer maker’s stock valued at $106,000 after purchasing an additional 966 shares in the last quarter. Finally, Turning Point Benefit Group Inc. purchased a new position in shares of HP during the 3rd quarter valued at approximately $104,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

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.