HP (NYSE:HPQ) Issues Q3 2026 Earnings Guidance

HP (NYSE:HPQ) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.610-0.710 for the period, compared to the consensus EPS estimate of 0.630. The company issued revenue guidance of -. HP also updated its FY 2026 guidance to 2.900-3.100 EPS.

HP Stock Performance

Shares of HPQ stock traded up $1.12 on Wednesday, reaching $25.55. 34,860,006 shares of the company’s stock traded hands, compared to its average volume of 19,162,391. HP has a 12-month low of $17.56 and a 12-month high of $29.55. The company has a market capitalization of $23.37 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 6.97 and a beta of 1.09. The business’s 50 day moving average price is $20.15 and its two-hundred day moving average price is $21.12.

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

HP Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group lowered their target price on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. Wells Fargo & Company lowered their target price on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Morgan Stanley boosted their target price on HP from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, May 21st. Finally, UBS Group lowered their target price on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, HP has an average rating of “Reduce” and an average price target 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 Trading of HP

Several large investors have recently made changes to their positions in HPQ. Baird Financial Group Inc. boosted 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 worth $2,793,000 after acquiring an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL boosted 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 worth $519,000 after acquiring an additional 551 shares in the last quarter. Daiwa Securities Group Inc. boosted 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 worth $3,555,000 after acquiring an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina boosted 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 worth $17,894,000 after acquiring an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of HP during the 2nd quarter worth about $233,000. Institutional investors 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.