HP (NYSE:HPQ) Releases Q4 2026 Earnings Guidance

HP (NYSE:HPQ) issued an update on its fourth quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.690-0.790 for the period, compared to the consensus EPS estimate of 0.670. The company issued revenue guidance of -. HP also updated its FY 2026 guidance to 3.190-3.290 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup lifted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. UBS Group increased their price target on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Finally, Wells Fargo & Company raised 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 research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $25.17.

HP Price Performance

HPQ opened at $29.69 on Friday. The firm’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $22.71. The company has a market capitalization of $27.15 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 5.05 and a beta of 1.17. HP has a 1 year low of $17.56 and a 1 year high of $32.19.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 762.90% and a net margin of 4.14%.The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same period in the prior year, the company posted $0.75 earnings per share. HP’s quarterly revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts anticipate that HP will post 3.04 EPS for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is currently 45.80%.

Insider Activity at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 non-GAAP EPS of $0.83, above the roughly $0.66-$0.75 analyst consensus, while revenue rose 12.5% year over year to $15.68 billion, comfortably exceeding estimates. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $3.19-$3.29 and issued fourth-quarter guidance above consensus, supported by price increases, premium and AI-powered PCs, and anticipated U.S. tariff refunds. HP forecasts strong fourth-quarter profit
• Positive Sentiment: Personal Systems revenue increased 18% to $11.77 billion, indicating continued demand for higher-priced and AI-enabled computers. HP also generated $1.57 billion in free cash flow and returned $574 million through buybacks and dividends.
• Positive Sentiment: Several analysts raised their forecasts following the earnings beat, while HP maintained an attractive dividend and accelerated share repurchases. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP and Huawei signed a multiyear Wi-Fi patent cross-licensing agreement. The deal may support technology access and reduce legal uncertainty, but its near-term financial impact is unclear.
• Negative Sentiment: Investors were concerned that higher memory-chip costs could pressure PC profitability. Management’s outlook depends partly on price increases and tariff refunds, raising questions about the sustainability of earnings growth. HP stock slides as memory costs pressure PC margins
• Negative Sentiment: Non-GAAP operating margin fell to 6.5% from 7.1% a year earlier, while GAAP net income declined 13% and GAAP EPS fell to $0.71. Printing revenue also dropped 2%.
• Negative Sentiment: PC unit shipments declined even as revenue grew, suggesting that pricing rather than broad-based volume expansion drove much of the improvement. HP falls amid margin and shipment concerns
• Negative Sentiment: After an approximately 50% rally and trading near its 52-week high, HPQ’s valuation and elevated expectations left less room for disappointment, prompting profit-taking despite the headline earnings beat.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HPQ. State Street Corp increased its stake in shares of HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after buying an additional 2,651,623 shares during the period. Invesco Ltd. boosted its holdings in HP by 31.7% in the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after acquiring an additional 3,671,511 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after purchasing an additional 4,542,339 shares in the last quarter. Deutsche Bank AG lifted its holdings in HP by 1.3% in the fourth quarter. Deutsche Bank AG now owns 8,905,459 shares of the computer maker’s stock worth $198,414,000 after buying an additional 118,319 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of HP by 19.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,660,225 shares of the computer maker’s stock valued at $192,950,000 after purchasing an additional 1,426,567 shares during the period. 77.53% of the stock is owned by institutional investors.

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.