HP (NYSE:HPQ) Issues FY 2026 Earnings Guidance

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday. UBS Group upped their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, The Goldman Sachs Group decreased their price objective on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $23.08.

HP Trading Down 2.2%

HPQ stock opened at $24.92 on Friday. The firm has a 50 day moving average of $20.41 and a 200-day moving average of $21.10. HP has a 12 month low of $17.56 and a 12 month high of $29.55. The firm has a market capitalization of $22.79 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 7.04 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 467.21% and a net margin of 4.45%.HP’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts predict that HP will post 2.85 EPS for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is currently 45.45%.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported stronger-than-expected Q2 results, with adjusted EPS of $0.86 and revenue of $14.41 billion, both above estimates, helped by 9% year-over-year revenue growth and robust Personal Systems demand. HPQ’s Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Positive Sentiment: Management highlighted AI PC demand and the Windows 11 refresh cycle as important drivers, reinforcing the view that HP can benefit from an ongoing PC replacement cycle. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Positive Sentiment: Several analyst firms raised price targets after the report, including JPMorgan and Morgan Stanley, signaling that Wall Street sees limited upside risk but is still constructive on the business. Analyst price target updates
• Neutral Sentiment: HP’s earnings call was seen as balanced, with management emphasizing AI growth opportunities while also acknowledging cost pressures and leadership transition issues. HP Inc. Earnings Call Balances AI Growth And Costs
• Negative Sentiment: HP lowered its full-year profit outlook to $2.15-$2.45 per share from $2.47-$2.77, which appears to be the main reason the stock weakened despite the earnings beat. HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue
• Negative Sentiment: HP also flagged rising memory costs and slowing demand, adding pressure to margins and making investors wary about the second half of the year. HP beats Q2 estimates but trims full-year outlook on memory cost pressure

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its stake in HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after buying an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC grew its position in HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after purchasing an additional 5,325,260 shares during the last quarter. Renaissance Technologies LLC grew its position in HP by 626.6% during the 4th quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock valued at $110,257,000 after purchasing an additional 4,267,600 shares during the last quarter. Invesco Ltd. grew its position in HP by 31.7% during 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 during the last quarter. Finally, State Street Corp grew its position in HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

About HP

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.