GuruFocus·Oct 28, 2026
Nvidia Wants Your Next Laptop to Be an AI WorkhorseLaptop buyers can now pick up Nvidia (NVDA) RTX Spark machines starting at $2,599, with six PC makers selling them.The sellers are ASUS, Dell (DELL), HP (HPQ),
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 lower-margin categories.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
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 11/7/2026, 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 |
Laptop buyers can now pick up Nvidia (NVDA) RTX Spark machines starting at $2,599, with six PC makers selling them.The sellers are ASUS, Dell (DELL), HP (HPQ),
Citizens Financial Group Inc. RI increased its position in shares of HP Inc. (NYSE: HPQ) by 90.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,513 shares of the computer maker's stock after purchasing an additional
In the latest trading session, HP (HPQ) closed at $34.09, marking a +1.34% move from the previous day.
AI servers are quietly driving up the cost of every laptop on the shelf, and the companies caught in the middle face a choice between shrinking margins and shrinking sales.
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 |
|---|---|---|---|---|---|---|---|
| $28.46 | $26.03B | 10.74 | 3.24% | 4.57% | — | 4.01% | |
| $328.53 | $218.23B | 37.85 | 18.8% | 7.53% | — | 0.65% | |
| $342.37 | $5.03T | 45.89 | 6.43% | 27.6% | 127.61% | 0.3% | |
| $530.61 | $3.94T | 29.56 | 17.79% | 41.17% | 33.21% | 0.67% | |
| $1.11 | $144.51M | -0.13 | 12.88% | -15.4% | -365.04% | 50.8% | |
| $56.28 | $283.88B | -955.52 | -0.47% | -20.09% | -9.9% | — |
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 over the trailing twelve months. Revenue was $55.30B in fiscal year 2025. That is 44% more than the $38.42B of fiscal year 1996.
HP Inc. (HPQ) grew revenue by 3.2% in fiscal year 2025, compared with the prior fiscal year.
Yes. HP Inc. (HPQ) earned $2.45B in net income over the trailing twelve months (a 4.1% net margin).
Yes. HP Inc. (HPQ) pays a dividend that yields 4.01% at the current price, a high yield.
HP Inc. (HPQ) generated $3.88B in free cash flow over the trailing twelve months.
