HP Inc.: Double-Digit Total Returns At These Prices
HP Inc (NYSE:HPQ) shares were trading 2% lower on Thursday after the personal computing and printing giant reported second-quarter results that topped Wall Street estimates but trimmed its full-year profit outlook, with rising memory costs and slowing unit demand clouding the near-term picture. The company posted non-GAAP earnings per share of $0.86 for the second quarter, well above its prior guidance range of $0.70 to $0.76.
HP beats Q2 earnings estimates as revenues climb 9% year over year, driven by strong Personal Systems growth and regional gains.
HP Inc. (HPQ) Q2 2026 Earnings Call Transcript
HP NYSE: HPQ reported stronger second-quarter fiscal 2026 results, with management citing growth in Personal Systems, momentum in AI PCs and disciplined cost mitigation in a challenging component-cost environment.
The headline numbers for HP (HPQ) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
HP (HPQ) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.71 per share a year ago.
HP (HPQ) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
HP heads into Q2 earnings results with AI PC demand and gaming products expected to support revenue growth.
Beyond analysts' top-and-bottom-line estimates for HP (HPQ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2026.
HP Inc (NYSE:HPQ) is expected to report a solid fiscal second quarter later this month, though Bank of America analysts say investors are likely to focus more closely on the company's outlook for fiscal 2026 amid concerns over PC demand, rising memory costs and leadership uncertainty. Bank of America maintained its ‘Underperform' rating and $16 price target on the stock ahead of the report.
HP (HPQ) closed the most recent trading day at $21.67, moving 4.45% from the previous trading session.