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 3.190-3.290 for the period, compared to the consensus EPS estimate of 3.020. The company issued revenue guidance of -. HP also updated its Q4 2026 guidance to 0.690-0.790 EPS.

Analyst Upgrades and Downgrades

HPQ has been the topic of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $32.00 price objective on shares of HP in a report on Thursday. UBS Group lifted their target price on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays reissued an “underweight” rating and issued a $23.00 price objective on shares of HP in a research report on Friday. Bank of America restated an “underperform” rating on shares of HP in a research note on Thursday. Finally, Citigroup upped their target price on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $25.17.

HP Stock Down 2.7%

HP stock opened at $29.69 on Friday. The stock has a 50-day simple moving average of $26.24 and a 200 day simple moving average of $22.71. HP has a 12-month low of $17.56 and a 12-month high of $32.19. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 5.05 and a beta of 1.17.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 762.90% and a net margin of 4.14%.The company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. 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, sell-side analysts anticipate that HP will post 3.04 EPS for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is currently 45.80%.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the sale, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock valued at $1,478,622 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 non-GAAP EPS of $0.83, above the roughly $0.66-$0.75 analyst consensus, while revenue rose 12.5% year over year to $15.68 billion, comfortably exceeding estimates. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $3.19-$3.29 and issued fourth-quarter guidance above consensus, supported by price increases, premium and AI-powered PCs, and anticipated U.S. tariff refunds. HP forecasts strong fourth-quarter profit
• Positive Sentiment: Personal Systems revenue increased 18% to $11.77 billion, indicating continued demand for higher-priced and AI-enabled computers. HP also generated $1.57 billion in free cash flow and returned $574 million through buybacks and dividends.
• Positive Sentiment: Several analysts raised their forecasts following the earnings beat, while HP maintained an attractive dividend and accelerated share repurchases. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP and Huawei signed a multiyear Wi-Fi patent cross-licensing agreement. The deal may support technology access and reduce legal uncertainty, but its near-term financial impact is unclear.
• Negative Sentiment: Investors were concerned that higher memory-chip costs could pressure PC profitability. Management’s outlook depends partly on price increases and tariff refunds, raising questions about the sustainability of earnings growth. HP stock slides as memory costs pressure PC margins
• Negative Sentiment: Non-GAAP operating margin fell to 6.5% from 7.1% a year earlier, while GAAP net income declined 13% and GAAP EPS fell to $0.71. Printing revenue also dropped 2%.
• Negative Sentiment: PC unit shipments declined even as revenue grew, suggesting that pricing rather than broad-based volume expansion drove much of the improvement. HP falls amid margin and shipment concerns
• Negative Sentiment: After an approximately 50% rally and trading near its 52-week high, HPQ’s valuation and elevated expectations left less room for disappointment, prompting profit-taking despite the headline earnings beat.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HPQ. IHT Wealth Management LLC lifted its position in HP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after buying an additional 398 shares in the last quarter. Vident Advisory LLC grew its position in shares of HP by 0.6% in the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after acquiring an additional 444 shares during the period. Vise Technologies Inc. raised its stake in HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after buying an additional 477 shares during the period. 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 during the period. Finally, Zions Bancorporation National Association UT increased its holdings in shares of HP by 22.9% during the 4th quarter. Zions Bancorporation National Association UT now owns 3,672 shares of the computer maker’s stock worth $82,000 after acquiring an additional 685 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

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.