HPQ is experiencing a cyclical revenue upturn, with growth reaccelerating to 12.5% year-over-year in 2026Q3, but this top-line momentum is occurring alongside a significant 480 basis point decline in gross margin to 18.8%, suggesting the growth is coming from ...
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Revenue growth has reaccelerated to 12.5% year-over-year in 2026Q3, but this has been accompanied by a severe compression in gross margin from 23.6% to 18.8% over the same period, indicating the growth is coming from lower-margin product categories.
HP Inc. reported first-quarter revenue of $14.44 billion, up 6.9% year-over-year, demonstrating resilience despite broader revenue declines over multi-year periods.
The bull case emphasizes HP's strong margin discipline and cash generation capabilities, which support financial stability and shareholder returns.
HP reaffirmed its commitment to capital returns, continuing its multi-year share buyback program, signaling confidence in its financial health.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 26, 2026 | $0.83+25.0% vs $0.66 | $15.7B+8.6% vs $14.4B |
Q2 2026 May 27, 2026 | $0.86+21.0% vs $0.71 | $14.4B+3.0% vs $14.0B |
Q1 2026 Feb 24, 2026 | $0.81+5.9% vs $0.77 | $14.4B+3.6% vs $13.9B |
Q4 2025 Nov 25, 2025 | $0.93+1.0% vs $0.92 | $14.6B+1.0% vs $14.5B |
HP Inc. (NYSE: HPQ) stock fell 4% on Monday after the company withheld financial guidance for fiscal 2027 and warned that global personal computer unit volumes could decline next year. In a regulatory disclosure filed with the Securities and Exchange Commission, HP said it remains in its planning period for fiscal 2027 and is not yet providing specific financial guidance.
HPQ stock fell Monday after HP forecast industrywide personal computer sales will decline by mid-single digits next year.
Purpose-built and designed to help users work smarter, faster and further with seamless experiences that move naturally between phone and laptop. News Highlights: Keeps users seamlessly connected across their laptop and Android™ phone, enabling tasks, files and apps to move effortlessly between devices while Gemini helps users stay a step ahead Moves through the day with an ultra-thin, lightweight 14-inch design, powered by the Snapdragon X Elite platform for advanced performance and long-lasting battery life designed for modern productivity Advances purposeful design with recycled metal, post-consumer recycled keyboard components, ocean-bound plastic, recycled/certified-source packaging, and EPEAT Gold with Climate+ certification Elevates collaboration with a 3K OLED touch display, 5MP camera, quad speakers, HP Audio Boost 2.0 and a premium keyboard and touchpad experience PALO ALTO, Calif.
HP Inc. says it expects personal computer unit volumes to fall by a mid-single-digit percentage point in 2027 as costs continue to rise.
Benchmark HPQ against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for HP Inc. (HPQ)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $32.04 | $29.3B | 12.09 | 3.24% | 4.57% | — | 3.56% | |
| $549.02 | $364.69B | 63.25 | 18.8% | 7.53% | — | — | |
| $339.75 | $4.99T | 45.54 | 6.43% | 27.62% | 137.18% | — | |
| $498.00 | $3.7T | 27.74 | 17.79% | 40.31% | 33.22% | — | |
| $3.49 | $456.42M | -0.42 | 12.88% | -11.92% | -157.45% | — | |
| $123.86 | $624.75B | -2102.89 | -0.47% | -19.79% | -9.58% | — |
HP Inc. (HPQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
HP Inc. (HPQ) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 26, 2026·SEC
May 27, 2026·SEC
Apr 21, 2026·SEC
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HP Inc. (HPQ) stock FAQ — growth, dividends, profitability & financials explained
HP Inc. (HPQ) reported $59.16B in revenue for fiscal year 2025. This represents a 54% increase from $38.42B in 1996.
HP Inc. (HPQ) grew revenue by 3.2% over the past year. Growth has been modest.
Yes, HP Inc. (HPQ) is profitable, generating $2.45B in net income for fiscal year 2025 (4.6% net margin).
Yes, HP Inc. (HPQ) pays a dividend with a yield of 3.56%. This makes it attractive for income-focused investors.
HP Inc. (HPQ) generated $3.88B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
