HP (NYSE:HPQ) Updates FY 2026 Earnings Guidance

HP (NYSE:HPQ) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.900-3.100 for the period, compared to the consensus earnings per share estimate of 2.880. The company issued revenue guidance of -. HP also updated its Q3 2026 guidance to 0.610-0.710 EPS.

Analyst Ratings Changes

Several research firms recently commented on HPQ. Barclays reaffirmed an “underweight” rating and set a $19.00 target price on shares of HP in a research note on Thursday. Morgan Stanley raised their target price on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday. Evercore set a $22.00 target price on HP in a research note on Thursday, February 19th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Bank of America reaffirmed an “underperform” rating and set a $20.00 target price (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. Two 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’s stock. Based on data from MarketBeat, HP currently has a consensus rating of “Reduce” and an average target price of $22.08.

HP Stock Performance

Shares of HP stock opened at $25.55 on Thursday. HP has a 52 week low of $17.56 and a 52 week high of $29.55. The stock has a 50 day moving average price of $20.29 and a two-hundred day moving average price of $21.11. The stock has a market capitalization of $23.37 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 6.75 and a beta of 1.09.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS 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 firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. 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 forecast that HP will post 2.85 EPS for the current year.

HP Announces Dividend

The company also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s dividend payout ratio (DPR) is 45.45%.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported Q2 revenue of $14.4 billion and non-GAAP EPS of $0.86, both above Wall Street estimates, with revenue up 9% year over year and earnings up 21%. Reuters article
• Positive Sentiment: Management said demand was boosted by AI-optimized PCs and the Windows 11 refresh cycle, which supports the outlook for HP’s personal systems business. GuruFocus article
• Neutral Sentiment: HP also generated $0.8 billion in free cash flow and returned $374 million to shareholders through dividends and buybacks, which reinforces its cash-generation profile. Globe Newswire article
• Negative Sentiment: Despite the beat, HP cut its fiscal 2026 profit guidance to $2.15-$2.45 per share from $2.47-$2.77, signaling margin pressure from rising costs. WSJ article

Institutional Investors Weigh In On HP

A number of hedge funds have recently added to or reduced their stakes in the company. DV Equities LLC purchased a new position in shares of HP during the fourth quarter valued at approximately $29,000. Wilkerson Advisory Group LLC purchased a new position in shares of HP during the fourth quarter valued at approximately $41,000. JPL Wealth Management LLC purchased a new position in shares of HP during the third quarter valued at approximately $43,000. Platinum Investment Management Ltd. purchased a new position in shares of HP during the fourth quarter valued at approximately $59,000. Finally, Summit Securities Group LLC boosted its position in shares of HP by 78.4% during the fourth quarter. Summit Securities Group LLC now owns 2,887 shares of the computer maker’s stock valued at $64,000 after buying an additional 1,269 shares during the last quarter. 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.