HP Q2 adjusted EPS eases past estimates

HP

27/05/2026 21:25

Overview
PC and printer maker's fiscal Q2 revenue rose 9% yr/yr
Adjusted EPS for fiscal Q2 rose 21% and beat analyst expectations
Company returned $374 mln to shareholders via dividends and share repurchases

Outlook
HP sees Q3 GAAP diluted net EPS of $0.47 to $0.63
Company expects Q3 non-GAAP diluted net EPS of $0.61 to $0.71
HP updates full-year non-GAAP diluted net EPS outlook to $2.90 to $3.10

Result Drivers
PERSONAL SYSTEMS GROWTH - Revenue in Personal Systems rose 13% yr/yr, led by 14% growth in Commercial PCs and 10% in Consumer PCs, despite a 7% drop in total units
AI AND INNOVATION - Co cited execution of its 'future of work' strategy, including launches of AI PCs, Z workstations, and AI-powered print, as supporting growth
PRINTING FLAT - Printing segment revenue was flat yr/yr, with Commercial Printing revenue unchanged and Consumer Printing down 10%

Company press release: ID:nGNX98RXkd

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.86
$0.71 (12 Analysts)
Q2 EPS
 
$0.49
 
Q2 Net Income
 
$450 mln
 
Q2 Income from Operations 
 
$612 mln
 
Q2 Pretax Profit
 
$493 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and 6 "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy."
Wall Street's median 12-month price target for HP Inc is $20.00, about 18.1% below its May 26 closing price of $24.43
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)