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 Upgrades and Downgrades

A number of brokerages have weighed in on HPQ. Weiss Ratings restated a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Morgan Stanley raised their price objective on HP from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, May 21st. Evercore set a $22.00 price objective on HP in a research note on Thursday, February 19th. Wells Fargo & Company lowered their price objective on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, Bank of America restated an “underperform” rating and set a $20.00 price objective (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 given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, HP presently has a consensus rating of “Reduce” and a consensus target price of $21.67.

HP Stock Up 4.6%

Shares of HPQ traded up $1.12 during mid-day trading on Wednesday, hitting $25.55. The stock had a trading volume of 34,860,006 shares, compared to its average volume of 19,162,391. The company has a market cap of $23.37 billion, a PE ratio of 9.68, a PEG ratio of 6.97 and a beta of 1.09. The company’s fifty day simple moving average is $20.15 and its two-hundred day simple moving average is $21.12. HP has a fifty-two week low of $17.56 and a fifty-two week high of $29.55.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities analysts expect that HP will post 2.85 earnings per share for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. HP’s payout ratio is currently 45.45%.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q2 revenue of $14.4 billion, up 9% year over year, and non-GAAP EPS of $0.86, up 21%, both ahead of expectations. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said demand was helped by AI-optimized PCs and the Windows 11 upgrade cycle, suggesting healthier near-term PC market trends. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Positive Sentiment: HP beat consensus estimates, reporting $0.86 EPS versus $0.72 expected and revenue of $14.41 billion versus $13.99 billion expected. HP earnings and stock page

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPQ. DV Equities LLC acquired a new position in HP during the 4th quarter valued at approximately $29,000. Wilkerson Advisory Group LLC acquired a new position in HP during the 4th quarter valued at approximately $41,000. JPL Wealth Management LLC acquired a new position in HP during the 3rd quarter valued at approximately $43,000. Platinum Investment Management Ltd. acquired a new position in HP during the 4th quarter valued at approximately $59,000. Finally, Summit Securities Group LLC boosted its position in HP by 78.4% during the 4th quarter. Summit Securities Group LLC now owns 2,887 shares of the computer maker’s stock valued at $64,000 after purchasing an additional 1,269 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

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.