HP (NYSE:HPQ) Issues Q4 2026 Earnings Guidance

HP (NYSE:HPQ) issued an update on its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.690-0.790 for the period, compared to the consensus EPS estimate of 0.670. The company issued revenue guidance of -. HP also updated its FY 2026 guidance to 3.190-3.290 EPS.

HP Stock Up 3.7%

Shares of HPQ stock traded up $1.10 during trading on Wednesday, reaching $30.62. 22,752,943 shares of the company’s stock were exchanged, compared to its average volume of 18,309,150. HP has a twelve month low of $17.56 and a twelve month high of $32.19. The firm’s fifty day moving average price is $25.96 and its 200-day moving average price is $22.55. The stock has a market capitalization of $28.00 billion, a PE ratio of 11.30, a PEG ratio of 4.74 and a beta of 1.17.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, analysts anticipate that HP will post 3.03 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is 44.28%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HPQ shares. UBS Group upped their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Barclays boosted their target price on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Citigroup upped their price target on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. TD Cowen lifted their price objective on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley lowered their price objective on shares of HP from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, HP currently has a consensus rating of “Reduce” and an average target price of $24.17.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by insiders.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP signed a multi-year, global cross-licensing agreement with Huawei covering certain Wi-Fi patents. The deal could provide HP access to useful connectivity technology and helped improve sentiment despite Huawei’s presence on the U.S. entity list. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Positive Sentiment: The earnings preview highlights continued PC demand and potential revenue growth, with analysts forecasting approximately $14.39 billion in quarterly revenue. Investors are also watching whether pricing and margin performance can offset industry pressures. HP Q3 2026 earnings preview
• Neutral Sentiment: HP was scheduled to report fiscal third-quarter results after the market close on Aug. 26. Analysts expected earnings of about $0.66 per share, and the company had declared a quarterly dividend of $0.30 per share. The report and management’s outlook are the next major catalysts. HP likely to report lower Q3 earnings
• Neutral Sentiment: Options traders are positioning for a potentially large move around earnings, indicating elevated uncertainty rather than a clear directional view. HP earnings preview: Options traders brace for big move
• Negative Sentiment: Analysts were expecting lower fiscal third-quarter earnings than the prior-year period, creating downside risk if HP misses estimates or gives a weaker outlook. Unusually heavy trading in long-dated HPQ put options also signals that some investors are hedging against longer-term weakness. HP results and unusual options activity

Hedge Funds Weigh In On HP

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares in the last quarter. Invesco Ltd. boosted its stake in shares of HP by 31.7% in the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after purchasing an additional 3,671,511 shares in the last quarter. AQR Capital Management LLC lifted its position in HP by 50.2% in the fourth quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after purchasing an additional 4,542,339 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of HP by 1.3% during the fourth quarter. Deutsche Bank AG now owns 8,905,459 shares of the computer maker’s stock valued at $198,414,000 after acquiring an additional 118,319 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of HP by 19.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,660,225 shares of the computer maker’s stock valued at $192,950,000 after purchasing an additional 1,426,567 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other 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.