HP Inc. Q2 2026 Earnings Call Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Revenue Growth: HP reported a 9% year-over-year revenue increase in Q2, marking the eighth consecutive quarter of growth, primarily driven by strong performance in the Personal Systems segment, indicating the company's ongoing expansion in high-value categories and enhanced market competitiveness.
- Personal Systems Performance: The Personal Systems segment saw a 13% year-over-year revenue growth, with robust performance in both commercial and consumer markets, while the shipment mix of AI PCs increased from 35% to 44%, reflecting the company's proactive positioning in the technological shift.
- Cash Flow and Shareholder Returns: The company generated over $900 million in cash from operations this quarter and returned nearly $400 million to shareholders through dividends and share repurchases, showcasing strong financial health and commitment to shareholder value.
- Future Outlook: Management expects diluted earnings per share for fiscal year 2026 to range between $2.90 and $3.10, maintaining confidence in future profitability despite rising input cost pressures, with Q4 anticipated to be a trough for margins.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy HPQ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on HPQ
Wall Street analysts forecast HPQ stock price to rise
14 Analyst Rating
1 Buy
10 Hold
3 Sell
Hold
Current: 24.430
Low
20.00
Averages
25.30
High
30.00
Current: 24.430
Low
20.00
Averages
25.30
High
30.00
About HPQ
HP Inc. is a global provider of sustainable devices, services and subscriptions for personal computing (PC), printing, three-dimensional (3D) printing, hybrid work, gaming and other related technologies. The Company's segments include Personal Systems, Printing and Corporate Investments. Its Personal Systems segment offers desktops, notebooks, and workstations, thin clients, retail point-of-sale (POS) systems, displays, hybrid systems, software, solutions including endpoint security and services. Its Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. Printing is also focused on graphics and 3D printing and personalization in the commercial and industrial markets. Its Corporate Investments segment includes certain business incubation and investment projects. Its security solutions provide layered resiliency using features such as containment and isolation technology as well as artificial intelligence (AI) deep learning.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HP Inc Reports 9% Revenue Growth for Eighth Consecutive Quarter
- Revenue Growth Highlight: HP Inc reported a 9% year-over-year revenue growth, marking the eighth consecutive quarter of revenue increase, which reflects the company's strong performance in personal systems and consumer markets, boosting market confidence.
- Strong Personal Systems Performance: Personal systems revenue increased by 13% year-over-year, driven by robust demand in both commercial and consumer segments, indicating the success of the company's strategy in high-end products and service expansion.
- Gross Margin Improvement: Gross margin reached 20.9%, up year-over-year, primarily due to favorable pricing strategies and contributions from key growth areas, further solidifying the company's profitability.
- Future Outlook: Free cash flow is expected to range between $2.8 billion and $3 billion, with EPS guidance between $2.90 and $3.10, demonstrating the company's confidence in future performance despite rising input cost pressures.
See More
HP Inc. Q2 2026 Earnings Call Highlights
- Revenue Growth: HP reported a 9% year-over-year revenue increase in Q2, marking the eighth consecutive quarter of growth, primarily driven by strong performance in the Personal Systems segment, indicating the company's ongoing expansion in high-value categories and enhanced market competitiveness.
- Personal Systems Performance: The Personal Systems segment saw a 13% year-over-year revenue growth, with robust performance in both commercial and consumer markets, while the shipment mix of AI PCs increased from 35% to 44%, reflecting the company's proactive positioning in the technological shift.
- Cash Flow and Shareholder Returns: The company generated over $900 million in cash from operations this quarter and returned nearly $400 million to shareholders through dividends and share repurchases, showcasing strong financial health and commitment to shareholder value.
- Future Outlook: Management expects diluted earnings per share for fiscal year 2026 to range between $2.90 and $3.10, maintaining confidence in future profitability despite rising input cost pressures, with Q4 anticipated to be a trough for margins.
See More
HPQ Reports Strong Q2 Earnings, Guides Higher EPS Outlook
- Shareholder Returns: HPQ returned $374 million to shareholders through dividends and buybacks in Q2, demonstrating robust cash flow management and enhancing investor confidence in the company's financial health.
- Earnings Beat: HPQ reported Q2 revenue of $14.41 billion, a 9% year-over-year increase that surpassed estimates of $14.07 billion, with adjusted EPS at $0.86, exceeding the expected $0.72, reflecting strong performance in personal systems and printing segments.
- Future Guidance: Although HPQ revised its fiscal 2026 EPS outlook down to $2.90 to $3.10, it remains above the consensus estimate of $2.89, with projected free cash flow of $2.8 billion to $3.0 billion, indicating confidence in future growth despite market challenges.
- Market Sentiment: On Stocktwits, retail sentiment for HPQ was rated as “extremely bullish,” with message volume rising from “high” to “extremely high,” indicating strong investor optimism about the company's prospects, with the stock gaining nearly 10% year-to-date.
See More
HP (HPQ) Q2 2026 Earnings Call Transcript
See More
Multiple Companies Report Earnings Beats, Stock Movements
- Salesforce Guidance Adjustment: Salesforce guided for current-quarter revenue between $11.27 billion and $11.35 billion, slightly below analysts' expectations of $11.36 billion, although the company raised its full-year earnings guidance, indicating confidence in future growth.
- Nutanix Strong Earnings: Nutanix reported fiscal third-quarter adjusted earnings and revenue beats, with a non-GAAP operating margin of 22.3%, significantly exceeding analysts' call for 16.9%, reflecting the company's robust performance in the cloud computing sector.
- Agilent Raises Earnings Outlook: Agilent Technologies shares surged 11% after raising its full-year adjusted earnings guidance to between $6 and $6.10 per share, higher than previous estimates of $5.90 to $6.04, demonstrating strong demand in the healthcare equipment market.
- Snowflake Soars: Snowflake's stock jumped 33% in after-hours trading after announcing a $6 billion investment plan in Amazon Web Services over five years, alongside first-quarter results that surpassed estimates, showcasing its enhanced market competitiveness.
See More
HP Q2 Results Exceed Expectations
- Earnings Beat: HP's Q2 non-GAAP EPS of $0.86 surpassed estimates by $0.14, demonstrating the company's resilience in a challenging economic environment, despite ongoing difficulties in its printing segment.
- Revenue Growth: The reported revenue of $14.41 billion exceeded expectations by $340 million, indicating that HP can still maintain a certain market share and sales capability in a dynamic memory environment.
- Dividend Appeal: With a current dividend yield of 6% and nearing a 52-week low, HP's valuation remains attractive despite market pressures, potentially drawing in investors seeking stable income.
- Market Challenges: While the Q2 performance was strong, HP continues to face a decline in its printing business, which may impact future growth potential, prompting investors to monitor how the company addresses this challenge.
See More
HP Inc Reports 9% Revenue Growth for Eighth Consecutive Quarter
- Revenue Growth Highlight: HP Inc reported a 9% year-over-year revenue growth, marking the eighth consecutive quarter of revenue increase, which reflects the company's strong performance in personal systems and consumer markets, boosting market confidence.
- Strong Personal Systems Performance: Personal systems revenue increased by 13% year-over-year, driven by robust demand in both commercial and consumer segments, indicating the success of the company's strategy in high-end products and service expansion.
- Gross Margin Improvement: Gross margin reached 20.9%, up year-over-year, primarily due to favorable pricing strategies and contributions from key growth areas, further solidifying the company's profitability.
- Future Outlook: Free cash flow is expected to range between $2.8 billion and $3 billion, with EPS guidance between $2.90 and $3.10, demonstrating the company's confidence in future performance despite rising input cost pressures.
See More
HP Inc. Q2 2026 Earnings Call Highlights
- Revenue Growth: HP reported a 9% year-over-year revenue increase in Q2, marking the eighth consecutive quarter of growth, primarily driven by strong performance in the Personal Systems segment, indicating the company's ongoing expansion in high-value categories and enhanced market competitiveness.
- Personal Systems Performance: The Personal Systems segment saw a 13% year-over-year revenue growth, with robust performance in both commercial and consumer markets, while the shipment mix of AI PCs increased from 35% to 44%, reflecting the company's proactive positioning in the technological shift.
- Cash Flow and Shareholder Returns: The company generated over $900 million in cash from operations this quarter and returned nearly $400 million to shareholders through dividends and share repurchases, showcasing strong financial health and commitment to shareholder value.
- Future Outlook: Management expects diluted earnings per share for fiscal year 2026 to range between $2.90 and $3.10, maintaining confidence in future profitability despite rising input cost pressures, with Q4 anticipated to be a trough for margins.
See More
HPQ Reports Strong Q2 Earnings, Guides Higher EPS Outlook
- Shareholder Returns: HPQ returned $374 million to shareholders through dividends and buybacks in Q2, demonstrating robust cash flow management and enhancing investor confidence in the company's financial health.
- Earnings Beat: HPQ reported Q2 revenue of $14.41 billion, a 9% year-over-year increase that surpassed estimates of $14.07 billion, with adjusted EPS at $0.86, exceeding the expected $0.72, reflecting strong performance in personal systems and printing segments.
- Future Guidance: Although HPQ revised its fiscal 2026 EPS outlook down to $2.90 to $3.10, it remains above the consensus estimate of $2.89, with projected free cash flow of $2.8 billion to $3.0 billion, indicating confidence in future growth despite market challenges.
- Market Sentiment: On Stocktwits, retail sentiment for HPQ was rated as “extremely bullish,” with message volume rising from “high” to “extremely high,” indicating strong investor optimism about the company's prospects, with the stock gaining nearly 10% year-to-date.
See More
HP (HPQ) Q2 2026 Earnings Call Transcript
See More
Multiple Companies Report Earnings Beats, Stock Movements
- Salesforce Guidance Adjustment: Salesforce guided for current-quarter revenue between $11.27 billion and $11.35 billion, slightly below analysts' expectations of $11.36 billion, although the company raised its full-year earnings guidance, indicating confidence in future growth.
- Nutanix Strong Earnings: Nutanix reported fiscal third-quarter adjusted earnings and revenue beats, with a non-GAAP operating margin of 22.3%, significantly exceeding analysts' call for 16.9%, reflecting the company's robust performance in the cloud computing sector.
- Agilent Raises Earnings Outlook: Agilent Technologies shares surged 11% after raising its full-year adjusted earnings guidance to between $6 and $6.10 per share, higher than previous estimates of $5.90 to $6.04, demonstrating strong demand in the healthcare equipment market.
- Snowflake Soars: Snowflake's stock jumped 33% in after-hours trading after announcing a $6 billion investment plan in Amazon Web Services over five years, alongside first-quarter results that surpassed estimates, showcasing its enhanced market competitiveness.
See More
HP Q2 Results Exceed Expectations
- Earnings Beat: HP's Q2 non-GAAP EPS of $0.86 surpassed estimates by $0.14, demonstrating the company's resilience in a challenging economic environment, despite ongoing difficulties in its printing segment.
- Revenue Growth: The reported revenue of $14.41 billion exceeded expectations by $340 million, indicating that HP can still maintain a certain market share and sales capability in a dynamic memory environment.
- Dividend Appeal: With a current dividend yield of 6% and nearing a 52-week low, HP's valuation remains attractive despite market pressures, potentially drawing in investors seeking stable income.
- Market Challenges: While the Q2 performance was strong, HP continues to face a decline in its printing business, which may impact future growth potential, prompting investors to monitor how the company addresses this challenge.
See More
