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 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.

HP Trading Up 3.7%

Shares of HPQ stock traded up $1.10 during mid-day trading on Wednesday, reaching $30.62. The stock had a trading volume of 22,752,943 shares, compared to its average volume of 18,309,150. The firm has a market capitalization of $28.00 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 4.74 and a beta of 1.17. The stock’s 50-day moving average price is $25.96 and its two-hundred day moving average price is $22.55. HP has a 52-week low of $17.56 and a 52-week high of $32.19.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.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 research analysts forecast that HP will post 3.03 earnings per share for the current year.

HP Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TD Cowen increased their target price on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. UBS Group increased their price objective on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Finally, Wells Fargo & Company lifted their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $24.17.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the 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 directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,620 shares of company stock valued at $1,478,622. Corporate insiders own 0.18% of the company’s stock.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP signed a multi-year, global cross-licensing agreement with Huawei covering certain Wi-Fi patents. The deal could provide HP access to useful connectivity technology and helped improve sentiment despite Huawei’s presence on the U.S. entity list. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Positive Sentiment: The earnings preview highlights continued PC demand and potential revenue growth, with analysts forecasting approximately $14.39 billion in quarterly revenue. Investors are also watching whether pricing and margin performance can offset industry pressures. HP Q3 2026 earnings preview
• Neutral Sentiment: HP was scheduled to report fiscal third-quarter results after the market close on Aug. 26. Analysts expected earnings of about $0.66 per share, and the company had declared a quarterly dividend of $0.30 per share. The report and management’s outlook are the next major catalysts. HP likely to report lower Q3 earnings
• Neutral Sentiment: Options traders are positioning for a potentially large move around earnings, indicating elevated uncertainty rather than a clear directional view. HP earnings preview: Options traders brace for big move
• Negative Sentiment: Analysts were expecting lower fiscal third-quarter earnings than the prior-year period, creating downside risk if HP misses estimates or gives a weaker outlook. Unusually heavy trading in long-dated HPQ put options also signals that some investors are hedging against longer-term weakness. HP results and unusual options activity

Hedge Funds Weigh In On HP

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its holdings in HP by 3.3% during the second 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 lifted its stake in 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 buying an additional 444 shares in the last quarter. Vise Technologies Inc. lifted its position in shares of 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 acquiring an additional 477 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in 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 purchasing an additional 551 shares during the last quarter. Finally, Zions Bancorporation National Association UT grew its position in shares of HP by 22.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 3,672 shares of the computer maker’s stock valued at $82,000 after purchasing an additional 685 shares in the last quarter. Institutional investors 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.