HP IncNYSE: HPQ
Information Technology · Technology Hardware, Storage & Peripherals
$20.78
-0.41%
Vol: 9.4M
Research Digest
Friday, May 1, 2026
HP reports Q1 earnings beat with AI PC momentum, but faces margin pressures
HP reported Q1 2026 EPS of $0.81, beating estimates of $0.77 by 5.19% and above $0.74 YoY. Company unveiled EliteBook 6 G2q Next Gen AI PC and HP Poly Edge V Series desk phones at HP Imagine 2026. AI PCs and non-PC businesses are key growth drivers alongside cost savings and capital returns. Q2 2026 EPS forecast is $0.71 with next earnings on 05/27/2026. Despite AI PC growth, company faces headwinds from rising memory costs and cautious market outlook. Average analyst rating is Hold with $21.42 target.
Previous Market Intelligence
13 daysApr 30HP reports Q1 2026 earnings beat with $0.81 EPS versus $0.77 estimate, stock little changedNeutral▶
HP Inc. reported Q1 2026 EPS of $0.81 (beating $0.77 estimates by 5.19%) with strong revenue performance, though shares traded little changed Wednesday following the announcement. The company continues cost reduction initiatives targeting $1.4B in annual savings by fiscal 2026 end, with AI PCs and non-PC businesses driving growth. Analysts rate HPQ as Hold with 12-month price target of $21.42 (6.36% upside). Next earnings due May 27, 2026, with $0.71 EPS expected.
Apr 16HP Imagine 2026 AI portfolio launch plus Nvidia acquisition speculation drives stock up 4% on April 13Positive▶
HP Inc. rolled out HP Imagine 2026 comprehensive AI product suite on April 13, including HP IQ on-device AI, EliteBook X G2 AI PCs, and TPM Guard security hardware. Stock spiked 4% on Evercore ISI report that Nvidia is considering acquisition of a major PC manufacturer (potentially HP). Annual meeting held April 16. CEO transition ongoing with interim CEO Bruce Broussard.
Apr 15HP reports strong Q1 revenue beat with AI PC momentum, but Nvidia acquisition rumors prove false.Mixed▶
HP reported $14.44B in Q1 revenue, up 6.9% YoY and ahead of analyst expectations, driven by strong demand for AI-powered PCs and the new HP Imagine 2026 lineup. The company announced HP IQ AI PCs, EliteBook X G2 systems, and TPM Guard security features. On April 13, false reports circulated that Nvidia was considering acquisition talks with major PC makers; Nvidia denied the reports on April 14. Stock gained 5.3% on acquisition rumors but the denial creates near-term sentiment uncertainty.
Apr 14HP stock rises 4-5% on Nvidia acquisition rumors and HP Imagine 2026 AI product launches including new EliteBook X G2 PCs.Positive▶
HP stock surged 4-5% on April 13 following SemiAccurate report of Nvidia acquisition talks with major PC maker. HP rolled out HP Imagine 2026 AI-centric lineup spanning PCs (EliteBook X G2), workstations (Z series), printers with quantum-resistant security, and HP Wolf Security upgrades. Q1 2026 revenue of $14.44B beat expectations (up 6.9% YoY) with EPS of $0.81 exceeding $0.77 estimate.
Apr 13HP Inc. reported Q1 FY2026 revenue of $14.4 billion up 6.9%, beating estimates despite interim CEO leadership.Mixed▶
HP Inc. announced fiscal 2026 first quarter results with net revenue of $14.4 billion, up 6.9% year-over-year. Personal Systems revenue was $10.3 billion, up 11% YoY. Bruce Broussard serves as interim CEO. Guidance maintained at $2.47-$2.77 GAAP diluted EPS.
Apr 10HP appoints interim CEO Bruce Broussard after Enrique Lores departure; Q1 revenue beat despite weak PC demand guidance.Mixed▶
HP appointed Board member Bruce Broussard as Interim CEO effective immediately, succeeding Enrique Lores. The company reported Q1 revenue of $14.44 billion, up 6.9% YoY and exceeding expectations, but guided for double-digit decline in PC unit shipments for 2026 due to rising memory costs and weak print demand. HP is pursuing a $1 billion AI cost-savings plan.
Apr 9HP CEO Enrique Lores transitions to PayPal; AI cost-savings plan targets $1B profitability boostMixed▶
HP Inc. CEO Enrique Lores stepping down to become PayPal CEO, marking leadership transition amid market challenges. Company launched Imagine 2026 event showcasing AI-driven products (HP IQ workplace intelligence, LaserJet quantum-resistant security). $1B AI cost-savings plan and closed-loop copper recycling program address profitability. Stock at $18.94, down 0.6% over 7 days, 2.7% over 30 days, 14.4% YTD. Q1 GAAP diluted EPS $0.58 (down 1.7% YoY); non-GAAP EPS $0.81 with $14.44B revenue. 12 analysts rate Hold with $21.42 PT (9.79% upside). Memory cost volatility and weak print demand persist as headwinds.
Apr 8HP CEO Enrique Lores stepping down to become PayPal CEO; AI cost-saving plan underwayMixed▶
HP reported Q1 revenue $14.44B, non-GAAP EPS $0.81. Broad AI refresh across PCs, printing, security. CEO Lores departing for PayPal. HP pursuing $1B AI cost-savings and closed-loop copper recycling. Stock at $18.94, down 2.92% latest session.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6HP CEO Enrique Lores transitioning to PayPal; multiple analyst downgrades.Negative▶
HP Inc CEO Enrique Lores announced transition to PayPal CEO role. HP continues $1 billion AI cost-savings plan and closed-loop copper recycling initiatives. Launched EliteBook 6 G2q AI PC at HP Imagine 2026. Q1 2026 GAAP EPS of $0.58 down 1.7% YoY. Multiple major analyst downgrades following late February earnings.
Apr 3HP Inc. holds 2026 annual meeting on April 16 with 12 director elections and approval for 73.6 million share incentive plan expansion.Neutral▶
HP Inc. announced 2026 annual shareholder meeting for April 16. Company declared dividend of $0.30 per share payable April 1, 2026. HP reported fiscal Q1 2026 net revenue of $14.4 billion, up 6.9% with strong growth in Personal Systems and AI PC momentum. Bruce Broussard serving as interim CEO pending permanent appointment. Company launching $1 billion AI cost-savings plan.
Apr 2HP Inc CEO Enrique Lores stepping down to become CEO at PayPal; company launched new AI products and $1 billion AI cost-savings plan.Mixed▶
HP Inc reported fiscal 2026 Q1 net revenue of $14.4B, up 6.9% YoY, with GAAP diluted EPS of $0.58 and non-GAAP diluted EPS of $0.81 (up 9.5%). CEO Enrique Lores announced departure to PayPal. Company launched EliteBoard G1a and EliteBook X G2 series. HP is pursuing $1B AI cost-savings initiative. Declared $0.30 dividend payable April 1, 2026.
Apr 1HP Inc CEO Enrique Lores departing to become CEO at PayPal; company rolled out AI products.Mixed▶
HP Inc announced a significant leadership change with CEO Enrique Lores stepping down to become CEO at PayPal. HP reported strong Q1 2026 earnings with EPS of $0.81 beating consensus of $0.77, driven by growth in Personal Systems and AI PC demand.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| HPQHP | $20.78 | -0.41% | +10.1% | 7.0x | 1.13 | $19.1B |
| AAPLAPPLE | $280.06 | +3.21% | +4.8% | 28.9x | 1.11 | $3.98T |
| SNDKSANDISK | $1,182.72 | +7.86% | +51.3% | 9.3x | — | $161.8B |
| STXSEAGATE | $726.74 | +7.88% | +48.6% | 25.6x | 1.63 | $150.9B |
| WDCWESTERN | $430.70 | -0.88% | +42.9% | 29.7x | 1.83 | $148.6B |
| DELLDELL | $209.77 | +0.39% | +20.6% | 14.2x | 0.95 | $135.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.