Quarterly Revenue Overview: HP's total revenue for the quarter ending July 2025 reached $13.93 billion, reflecting a 3.1% increase from the same quarter last year.
Regional Revenue Contributions:
Europe, Middle East, and Africa generated $4.5 billion, accounting for 32.3% of total revenue, slightly below the consensus estimate of $4.59 billion.
Asia-Pacific and Japan contributed $3.32 billion, representing 23.9% of total revenue, exceeding the expected $3.2 billion by 3.79%.
Year-over-Year Comparisons:
The EMEA region's revenue was $4.36 billion in the previous quarter and $4.42 billion in the same quarter last year.
The Asia-Pacific and Japan segment saw growth from $3.04 billion in the previous quarter and $3.01 billion in the year-ago quarter.
Future Revenue Projections
Annual Revenue Expectations: Analysts forecast HP's total annual revenue to be $54.9 billion, indicating a 2.5% increase from the previous year. The expected contributions from EMEA and Asia-Pacific are projected at $18.21 billion (33.2%) and $13.09 billion (23.9%), respectively.
Importance of International Markets: HP's reliance on international markets presents both opportunities and challenges, necessitating close monitoring of revenue trends to accurately predict future performance.
Stock Performance and Market Outlook
Zacks Rank and Stock Movement: HP holds a Zacks Rank of #3 (Hold), suggesting it will likely follow broader market trends. Over the past four weeks, HP's stock has risen by 16.7%, outperforming the Zacks S&P 500 composite, which increased by 1.6%.
Long-Term Stock Performance: In the last three months, HP's shares have appreciated by 13.3%, compared to a 9.7% increase in the S&P 500 and a 14.8% rise in the Zacks Computer and Technology sector.
Investment Insights
Top Stock Picks: Zacks experts have identified five stocks with high potential for significant gains, including a satellite-based communications firm expected to thrive in the burgeoning trillion-dollar space industry.
Market Recommendations: Investors can access Zacks' latest recommendations, including a report on the "7 Best Stocks for the Next 30 Days."
HPQ
$24.83+Infinity%1D
Analyst Views on HPQ
Wall Street analysts forecast HPQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HPQ is 25.08 USD with a low forecast of 20.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
Wall Street analysts forecast HPQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HPQ is 25.08 USD with a low forecast of 20.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
9 Hold
3 Sell
Hold
Current: 24.490
Low
20.00
Averages
25.08
High
30.00
Current: 24.490
Low
20.00
Averages
25.08
High
30.00
Goldman Sachs
Neutral
downgrade
$28 -> $24
2025-11-26
Reason
Goldman Sachs
Price Target
$28 -> $24
2025-11-26
downgrade
Neutral
Reason
Goldman Sachs lowered the firm's price target on HP Inc. to $24 from $28 and keeps a Neutral rating on the shares. HP posted in-line EPS with a modest revenue beat, and its FY26 outlook calls for revenue growth ahead of the market driven by AI PCs, Workforce Solutions, and subscription/industrial print categories, the analyst tells investors in a research note. However, FY26 EPS guidance came in below consensus due to sharply higher memory costs pressuring Personal Systems margins, which are expected to recover gradually starting mid-2027, aided by a new multi-year cost-savings program, Goldman says.
Morgan Stanley
Underweight
downgrade
$21 -> $20
2025-11-26
Reason
Morgan Stanley
Price Target
$21 -> $20
2025-11-26
downgrade
Underweight
Reason
Morgan Stanley lowered the firm's price target on HP Inc. to $20 from $21 and keeps an Underweight rating on the shares. FY26 guidance embeds 30c, or about 10%, of EPS headwinds from memory inflation, primarily in PCs, but doesn't embed much end-market demand elasticity from higher prices and assumes an improving print market, notes the analyst, who is cutting the firm's "below-Street EPS further" as the firm still believes risks are "biased downward."
JPMorgan
Neutral
downgrade
$30 -> $25
2025-11-26
Reason
JPMorgan
Price Target
$30 -> $25
2025-11-26
downgrade
Neutral
Reason
JPMorgan lowered the firm's price target on HP Inc. to $25 from $30 and keeps a Neutral rating on the shares following the fiscal Q4 report. The firm says concerns of a "tough" operating environment in fiscal 2026 were manifested in HP's outlook.
TD Cowen
Hold
downgrade
$28 -> $26
2025-11-26
Reason
TD Cowen
Price Target
$28 -> $26
2025-11-26
downgrade
Hold
Reason
TD Cowen lowered the firm's price target on HP Inc. to $26 from $28 and keeps a Hold rating on the shares. The firm said Memory price increases and supply scarcity is a key factor in the company's below-consensus FY26 EPS outlook ($0.30 memory impact F2H weighted) and likely precipitated the latest $1B cost restructuring plan.
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.
