HP (NYSE:HPQ) Issues Q4 2026 Earnings Guidance

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HPQ shares. Bank of America reissued an “underperform” rating on shares of HP in a research report on Thursday. Barclays lifted their price target on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. TD Cowen raised their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, HP currently has a consensus rating of “Reduce” and an average target price of $24.17.

HP Price Performance

HPQ stock opened at $30.62 on Thursday. The business has a fifty day moving average price of $26.11 and a 200 day moving average price of $22.63. HP has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The stock has a market capitalization of $28.00 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 4.90 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 negative return on equity of 581.36% and a net margin of 4.45%.The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. 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. On average, equities analysts expect that HP will post 3.03 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 3.9%. HP’s dividend payout ratio is currently 44.28%.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction 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 completion of the sale, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by company insiders.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while free cash flow rose 7% to $1.57 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 non-GAAP EPS guidance to $3.19–$3.29, above the roughly $3.02 analyst consensus, and forecast fourth-quarter EPS of $0.69–$0.79 versus expectations of $0.67. Price increases on premium and AI-enabled PCs, along with expected U.S. tariff refunds, are projected to offset higher memory costs. HP forecasts strong fourth-quarter profit
• Positive Sentiment: The Personal Systems segment grew 18% to $11.8 billion, indicating strong PC demand and continued potential from premium and AI-powered devices. HP also returned approximately $574 million to shareholders through buybacks and dividends. HP Q3 Revenue Rises 12.5% to $15.7 Billion
• Neutral Sentiment: HP signed a multi-year Wi-Fi patent cross-licensing agreement with Huawei. The deal may support product development, but its association with a U.S.-blacklisted company could attract regulatory and geopolitical scrutiny. HP partners with Huawei for Wi-Fi licensing
• Negative Sentiment: GAAP net earnings fell to $661 million from $763 million a year earlier, and GAAP EPS declined to $0.71 from $0.80. Q3 non-GAAP EPS also included a favorable $0.11-per-share tariff-refund benefit, raising questions about the durability of the earnings improvement. HP Revenue Rises as Higher Prices Offset Fewer PC Sales
• Negative Sentiment: Printing revenue declined 2% to $3.9 billion, while investors remain concerned that price increases, memory-chip inflation and softer unit sales could pressure future margins. The negative reaction suggests expectations had already priced in much of the earnings beat and guidance increase.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HPQ. DV Equities LLC acquired a new stake in shares of HP during the 4th quarter worth approximately $29,000. JPL Wealth Management LLC acquired a new position in HP in the third quarter valued at approximately $43,000. Wilkerson Advisory Group LLC bought a new position in HP in the fourth quarter valued at approximately $41,000. Platinum Investment Management Ltd. acquired a new stake in HP during the 4th quarter worth $59,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of HP during the 2nd quarter valued at $68,000. 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.