Společnost HP ve třetím čtvrtletí fiskálního roku 2026 zvýšila tržby o 12,5 % na 15,7 mld. USD, avšak provozní marže mimo GAAP klesla o 60 bazických bodů na 6,5 % v důsledku vyšších nákladů na paměti a úložná zařízení.
Key Takeaways HPs non-GAAP operating margin fell 60 basis points to 6.5% in fiscal Q3 2026.HPs non-GAAP operating margin fell 60 basis points to 6.5% in fiscal Q3 2026.Personal Systems margins may bottom in Q4 fiscal 2026 before improving into fiscal 2027.
HP Inc. (HPQ - Free Report) is experiencing margin pressure as rising memory and storage costs increase component expenses across its Personal Systems business. However, disciplined pricing, cost-reduction initiatives and a shift toward higher-value products could help the company protect profitability despite a challenging operating environment.
In the third quarter of fiscal 2026, HP reported revenues of $15.7 billion, up 12.5% year over year. However, its non-GAAP operating margin declined 60 basis points to 6.5%, while gross margin fell to 18.8% amid higher commodity costs and an increased contribution from Personal Systems. The segment generated $11.8 billion in revenues, up 18%, but its operating margin declined 80 basis points to 4.6%. Although pricing actions and cost reductions partially offset rising expenses, the pressure on profitability remains evident.
HP is pursuing a four-pillar mitigation strategy encompassing supply security, demand shaping, targeted cost reductions and disciplined pricing. The company has qualified new suppliers, adjusted product configurations and implemented repricing initiatives. Product redesign, platform optimization and revisions to long-term pricing contracts are expected to provide additional benefits as these measures take effect. HP also reported improved memory supply availability and higher order fulfillment rates, supporting its ability to meet customer demand.
Portfolio optimization represents another important margin lever. HP is prioritizing premium PCs, AI-enabled computers, workstations and higher-margin services and peripherals. These categories can improve revenue mix and help offset lower unit shipments. Management also expects edge AI workloads and related offerings to create opportunities for profitable growth. Nevertheless, near-term pressures persist. HP expects memory and storage costs to rise further, with Personal Systems margins likely reaching a low point in the fourth quarter of fiscal 2026 before improving into fiscal 2027.
How Competitors Fare Against HPQThe AI PC business in which HPQ claims to lead the market is facing considerable competition from Dell Technologies (DELL - Free Report) and Lenovo (LNVGY - Free Report) .
Dell has numerous workstations that offer AI capabilities. These workstations are DELL XPS 13, Inspiron 14 Plus, Inspiron 14, Latitude 7455 and Latitude 5455. Lenovo’s lineup of AI computers includes Lenovo ThinkPad X1 Carbon 10th Gen and later, Lenovo Yoga 9i and Lenovo ThinkBook Plus Gen 3.
HPQ’s Price Performance, Valuation and EstimatesHPQ shares have appreciated 34.7% year to date, outperforming the Zacks Computer - Micro Computers industry and the Zacks Computer and Technology sector’s return of 31.3% and 15.8%, respectively.
HPQ YTD Performance Chart
Image Source: Zacks Investment Research
Despite the appreciation in the share price, HPQ trades at a discount. From a valuation standpoint, HPQ trades at a forward price-to-sales ratio of 0.45, below the industry’s 8.5. The discounted valuation is further substantiated by the Zacks Value Score of A.
The Zacks Consensus Estimate for HPQ’s fiscal 2026 revenues suggests year-over-year growth of 3.5%. Estimates have remained unchanged in the past 30 days.
Image Source: Zacks Investment Research
HPQ sports Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
HP (HPQ) má hodnocení Zacks #1 a hodnocení hodnoty A; konsenzuální odhad zisku na akcii pro fiskální rok 2026 se za posledních 60 dní zvýšil o 0,25 USD na 3,23 USD.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.82% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
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Stock to Watch: HP (HPQ - Free Report) Headquartered in Palo Alto, CA, HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities, Hewlett Packard Enterprise Company and HP Inc. The undivided entity was founded in 1939.
HPQ is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9.55; value investors should take notice.
For fiscal 2026, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.25 to $3.23 per share. HPQ boasts an average earnings surprise of +9.4%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, HPQ should be on investors' short list.
HP poprvé veřejně předvedlo systém Windows na pracovní stanici ZGX Fury s čipem NVIDIA GB300; AI notebooky OmniBook s RTX Spark uvede na trh 16. října za cenu od 2 999,99 USD.
First public demonstration of Windows on NVIDIA GB300 Grace Blackwell Ultra Desktop Superchip on HP ZGX Fury, bringing a new class of AI workstation to the Windows ecosystem and enabling organizations to develop, test, and deploy advanced AI workloads on the platform where most of their users, applications, and workflows already reside. Pricing and availability announced for HP's RTX Spark-powered OmniBook portfolio, making advanced AI creation, development, and intelligent agent experiences accessible to creators, developers, gamers, and innovators in premium devices built for the next generation of personal computing.Perplexity-powered experiences to arrive on HP consumer PCs, helping users access more personalized, context-aware AI assistance while taking advantage of the speed, responsiveness, and privacy benefits of local AI computing. SAN FRANCISCO, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Today, HP Inc. (NYSE: HPQ) expanded its portfolio of local AI solutions, spanning RTX Spark-powered consumer Windows PCs through workstation-class AI systems powered by NVIDIA GB300. The announcements include pricing and availability for HP's RTX Spark Windows portfolio, the introduction of Perplexity experiences on select consumer platforms, and the first public demonstration of Windows running on the HP ZGX Fury powered by the NVIDIA GB300 Grace Blackwell Ultra Desktop Superchip.
“The next phase of AI is about putting the right compute in the right place,” said Deepak Patil, Senior Vice President, Research & Development, Personal Systems at HP Inc. “NVIDIA RTX Spark and DGX Station GB300 technologies enable experiences that scale from personal productivity and creation to enterprise AI development. HP is uniquely positioned to deliver that continuum, helping customers access powerful capabilities through solutions that range from AI PCs to advanced, secure local edge compute.”
As AI adoption accelerates, customers need more than a standalone AI device. They need a portfolio of solutions that supports AI across work, creativity, development, and deployment. NVIDIA RTX Spark and GB300 technologies help address those needs, while HP delivers AI experiences that scale from premium consumer devices to advanced workstation platforms, giving users and organizations the flexibility to choose the right solution for how they create, work, and innovate.
Bringing NVIDIA GB300 to Windows on HP ZGX Fury
At Microsoft's event earlier today, Microsoft’s Satya Nadella and NVIDIA’s Jensen Huang showcased the first public demonstration of Windows running on the HP ZGX Fury powered by the NVIDIA GB300 Grace Blackwell Ultra Desktop Superchip, highlighting a new class of AI workstation designed for developers, data scientists, researchers, and enterprise teams building and deploying advanced AI applications. The demonstration builds on HP's GB300 vision first previewed earlier this year at Computex and underscores HP's commitment to bringing powerful AI development capabilities to the Windows ecosystem.
The HP ZGX Fury is designed to help organizations develop, test, and deploy increasingly sophisticated AI applications on-premises, closer to their users, data, and workflows. Its powerful capabilities enable enterprise teams to run demanding inference workloads, support more concurrent users and AI calls, and experiment with larger or more complex models – all while maintaining greater control over their AI infrastructure.
RTX Spark Windows PCs Available Beginning Oct. 16
Announced at IFA in September, the new OmniBook portfolio powered by NVIDIA RTX Spark and Windows delivers the performance needed for AI creation, development, and entertainment, bringing local AI, intelligent agents, and advanced RTX capabilities to a new generation of users.
NVIDIA RTX Spark unites NVIDIA AI, RTX graphics, and unified memory in one slim, powerful Windows PC. Designed to run larger AI models locally — without cloud dependency — and move between creative work, development, and immersive gaming without missing a beat. Connect apps, tools, and workflows into one seamless experience. Private by default. RTX Spark™ brings NVIDIA’s full-stack AI platform, ready for the AI workloads of today and whatever comes next. Delivered on the familiar, trusted Windows platform.
HP also introduced Perplexity Computer on its consumer PCs, designed to help users access information, complete tasks, and create more efficiently The offering will include one month free of Perplexity Pro. This builds off of the Perplexity integration into HP’s workstations announced in September and represents another step in HP's broader strategy to deliver differentiated AI experiences through a growing ecosystem of software and platform partners.
By combining AI-enhanced hardware, powerful local compute, and intelligent software experiences, HP is helping bring the benefits of AI closer to users while giving them greater performance, responsiveness, and control over how and where AI workloads run.
Pricing and Availabilityi
For more information on the HP ZGX Fury powered by NVIDIA GB300 running Windows contact your local sales representative.The HP OmniBook Ultra 16 is expected to be available at HP.com on October 16, 2026 for a starting price of $3,199.99. The device will also be available at Best Buy locations and BestBuy.com.The HP OmniBook X 14 is expected to be available at HP.com on October 16, 2026 for a starting price of $2,999.99. The device is also expected to be available at Costco.com, Micro Center, Walmart, and other US retailers.Perplexity Pro will be offered as a one-month free trial on eligible HP consumer devices beginning in November 2026, with availability expanding to both new and existing devices. About HP
HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services, and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit http://www.hp.com.
i Pricing and availability subject to change without notice.
HP uvedla nový OmniBook 5 s OLED displejem a funkcemi AI, který má přijít v říjnu za 699,99 USD. Zároveň představila i ProBook 4 pro malé firmy a mobilní profesionály.
HP OmniBook 5 combines vibrant OLED visuals, rich audio, and AI-enhanced capabilities to help consumers create, connect and be entertained wherever they goHP ProBook 4 equips growing businesses with AI-ready performance and portability to stay productive wherever work happens PALO ALTO, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- Today, HP Inc. (NYSE: HPQ) announced the new HP OmniBook 5, a premium consumer Windows laptop designed for people who want more from their everyday device: more screen, more battery life, more connectivity and more freedom to create, connect and be entertained without compromise.
“Today's consumers expect technology that fits naturally into their lives – beautifully designed, easy to use, and powerful enough to support everything from collaboration and content creation to entertainment and everyday productivity,” said Samuel Chang, Senior Vice President and Division President, Consumer Personal Systems at HP Inc. “The new HP OmniBook 5 delivers exactly that, bringing together premium design and immersive experiences with a colorful OLED display in an incredibly portable package for work, study, and entertainment.”
Premium Experiences, Made Accessible
Consumers increasingly expect a PC that helps them stay productive, connected, and entertained without adding complexity to their lives. Whether streaming content, attending class, creating, collaborating, or staying connected with friends and family, they want premium experiences that fit their lifestyles, their budgets, and help prepare for what comes next. The HP OmniBook 5 was designed to deliver exactly that: bringing together thoughtful design, immersive entertainment, and everyday practicality in one accessible device.
Designed for students, young professionals and modern multitaskers, the device delivers the experiences people value most, from immersive entertainment to seamless connectivity, in a device built to fit naturally into everyday life:
Empowers productivity and creativity with AI-ready performance: Powered by up to an Intel® Core™ 7 processori with integrated NPU capabilitiesii, the HP OmniBook 5 helps users stay productive, communicate effectively and take advantage of the latest AI-ready experiences across work, school and personal projects.Adapts to life on the move with up to 42 hours of VPB (Local Video Playback) battery lifeiii and effortless mobility: Combining an ultra-thin 11.77 mm profile, lightweight 1.16 kg design, flexible 180° hinge, dual full-function USB-C®iv ports and HP's compact 65W USB Mini GaN chargerv, the HP OmniBook 5 is built to move effortlessly from campus to café, commute to couch and everywhere in between.Delivers rich entertainment experiences: Featuring up to a 2.5K OLEDvi touch display, 100% DCI-P3 color coverage, up to 620 nits brightnessvii, HP Eye Ease technology and up to a 90% screen-to-body ratio, the HP OmniBook 5 delivers vivid visuals and immersive entertainment wherever users go.Enhances seamless collaboration and connection: An FHD IR camera with Windows Hello facial recognition, dual microphones, Poly Studio-tuned audioviii and DTS:X Ultra help users show up clearly and confidently for classes, calls and everyday conversations.Expresses individuality through thoughtful design: Available in Smoke Silver, Starlit Blue, Peony Pink and Soft Honeydew, the HP OmniBook 5 combines a premium aluminum chassis, tone-on-tone keyboard and refined design details that help consumers choose a device that reflects their personal style. Premium Design, Built for Growing Businesses
HP is also bringing premium design and AI-ready performance to growing businesses with the HP ProBook 4. Purpose-built for SMBs and mobile professionals, the device delivers the design, mobility and performance growing businesses need without compromising on durability or value.
As HP’s thinnest business notebook,ix the HP ProBook 4 pairs a sleek 12mm thinx aluminum design with real portability, starting at just 2.6 lbs.,xi so it travels light without feeling delicate. The device comes in three finishes – Eclipse Gray, Atmospheric Blue, and Mist Silver – with a 14-inch 2.8K OLED displayxii bringing work to life with rich 100% DCI-P3 color and fluid 120Hz motion.
Powered by up to an Intel® Core™ 7 processori with up to 17 TOPS NPU AI accelerationxiii, up to 32 GB of memory and up to 1TB of storage, the HP ProBook 4keeps everyday productivity and AI-enhanced work moving. A 70Whr battery with HP Fast Charge,xiv along with MIL-STD durability,xv helps professionals work confidently.
Pricing and Availabilityxvi
The HP OmniBook 5 14 AI PC is expected to be available on HP.com and Best Buy in October for a starting price of $699.99.The HP ProBook 4 G2iS 14 AI PC is expected to be available on HP.com in November. Pricing will be announced closer to availability. About HP
HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services, and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit http://www.hp.com.
i Multi-core is designed to improve performance of certain software products. Not all customers or software applications will necessarily benefit from use of this technology. Performance and clock frequency will vary depending on application workload and your hardware and software configurations. Intel's numbering is not a measurement of higher performance. Models with Intel® Core™ 7 processors planned to be available mid-October 2026.
ii Features and software that require a NPU may require may require software purchase, subscription or enablement by a software or platform provider, and third-party software may have specific configuration or compatibility requirements. Potential NPU inferencing performance varies by use, configuration, and other factors.
iii Battery life tested by HP using continuous FHD video playback, 1080p (1920x1080) resolution, 200 nits brightness, system audio level as image default, player audio level at 100%, played full-screen from local storage, headphone attached or through speaker (if no audio jack port), wireless on but not connected. Actual battery life will vary depending on configuration and maximum capacity will naturally decrease with time and usage.
iv Actual throughput may vary. USB Type-C® and USB-C® are trademarks of USB Implementers Forum. DisplayPort™ and the DisplayPort™ logo are trademarks owned by the Video Electronics Standards Association (VESA®) in the United States and other countries.
v Performance and compatibility may vary by device. Subject to change without notice. Compared to previous generation HP power adapters.
vi Features may require software or other third-party applications to provide the described functionality. Internet service required and not included.
vii All performance specifications represent the typical specifications provided by HP's component manufacturers; actual performance may vary either higher or lower. 2K OLED version with up to 300 nits brightness available at launch. 2.5K OLED version with up to 620 nits brightness planned to be available March 2027.
viii Features may require software or other third-party applications to provide the described functionality. Internet service required and not included.
ix Based on HP’s internal analysis of HP business notebook PCs with preinstalled encryption, authentication, malware protection and BIOS-level protection, passing MIL-STD testing, USB-C docking including power delivery, clamshell form factor, Intel U series or AMD Ryzen Pro processors, HDMI, and at least 2 USB 3.1 Gen 1 ports, optional WWAN in HP’s current commercial portfolio as of September 26. Claim based on the lowest maximum published z-height of the device. Actual dimensions may vary by configuration and manufacturing tolerances.
x Based on HP internal analysis of product specifications, including thickness comparisons among HP commercial notebook PCs available as of 08/03/2026. Dimensions are typical. Actual dimensions may vary by +/- 0.5 mm, and height may vary by configuration. Maximum height does not include rubber feet.
xi Actual weight will vary by configuration.
xii All performance specifications represent the typical specifications provided by HP's component manufacturers; actual performance may vary either higher or lower.
xiii Features and software that require an NPU may require software purchase, subscription or enablement by a software or platform provider, and third-party software may have specific configuration or compatibility requirements. Potential NPU inferencing performance varies by use, configuration, and other factors.
xiv Recharges your battery up to 50% within 45 minutes when the system is off or in standby mode. Power adapter minimum of 65 watts required for battery capacities 56Whr or less. Power adapter minimum of 100 watts required for battery capacities greater than 56Whr and less than 83Whr. Power adapter minimum of 120 watts required for battery capacities greater than 83Whr and less than 100Whr. After charging has reached 50% capacity, charging will return to normal. Charging time may vary +/-10% due to System tolerance.
xv MIL STD 810 testing is not intended to demonstrate fitness for U.S. Department of Defense contract requirements or for military use. Test results are not a guarantee of future performance under these test conditions. Any accidental damage requires an optional HP Accidental Damage Protection Care Pack.
xvi Pricing and availability subject to change without notice.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6cc6624d-02b2-4cd7-8f82-b10d366e3c7c
https://www.globenewswire.com/NewsRoom/AttachmentNg/a91d96ae-e54c-49e6-8fd7-e63d5f2cf13b
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a0c5ddc-2a6f-44da-abb7-6a9a712cf234
HP vzrostl o 1,79 % na 31,28 USD, i když S&P 500 v daný den klesl o 0,25 %. Investoři sledují výsledky, kde se čeká EPS 0,75 USD a výnosy 15,47 miliardy USD.
HP (HPQ - Free Report) closed at $31.28 in the latest trading session, marking a +1.79% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
Coming into today, shares of the personal computer and printer maker had lost 1.88% in the past month. In that same time, the Computer and Technology sector gained 4%, while the S&P 500 lost 0.42%.
The upcoming earnings release of HP will be of great interest to investors. It is anticipated that the company will report an EPS of $0.75, marking a 19.35% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $15.47 billion, indicating a 5.69% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.23 per share and a revenue of $60.01 billion, signifying shifts of +3.53% and +8.52%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for HP. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. HP is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, HP is presently being traded at a Forward P/E ratio of 9.51. This valuation marks a discount compared to its industry average Forward P/E of 20.68.
We can additionally observe that HPQ currently boasts a PEG ratio of 1.6. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Computer - Micro Computers stocks are, on average, holding a PEG ratio of 1.6 based on yesterday's closing prices.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Dividendu HPQ financuje hlavně volný peněžní tok: ve fiskálním roce 2025 činily dividendy 1,088 miliardy USD oproti 2,9 miliardy USD volného peněžního toku. Management navýšil výhled pro fiskální rok 2026 na 3,0 až 3,2 miliardy USD.
HP's 3.82% yield keeps growing even as its PC business stumbles and its printing engine slowly shrinks. The real source funding that quarterly check is not what most income investors assume.
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HP (NYSE:HPQ | HPQ Price Prediction) pays $0.30 per share quarterly, an annualized $1.20 yielding 3.82%. The stock gained 45.84% year to date to $31.30, then fell 9.01% in one week after Barron’s reported that HP warned of an extended PC market slump. What actually funds the dividend?
Free Cash Flow Covers the Check With Room to Spare Each quarterly payment costs HP roughly $274 million to $277 million. Fiscal 2025 dividends totaled $1.088 billion against free cash flow of $2.9 billion. Management raised fiscal 2026 guidance to $3.0 billion to $3.2 billion. In the July quarter, HP produced $1.570 billion in free cash flow, paid $274 million in dividends and spent $300 million on buybacks.
CFO Karen Parkhill laid out the policy on the May earnings call:
“We remain committed to returning approximately 100% of our free cash flow to shareholders over time as long as our gross leverage remains under two times and there aren’t better return opportunities.”
The flexible tool is buybacks. Repurchases fell from $2.1 billion in fiscal 2024 to $850 million in fiscal 2025. The dividend sits first in line.
Printing Earns the Margin While PCs Bring the Revenue Personal Systems revenue rose 18% to $11.767 billion in Q3, but operating margin contracted to 4.6% from 5.4% and unit shipments fell 16%. AI PCs drove growth. Printing revenue slipped 2% to $3.912 billion yet margin expanded to 18.1%. Supplies fell 3%.
Interim CEO Bruce Broussard leaned into the AI story:
“The strong foundation we are building as a trusted edge platform positions us well to lead as AI evolves and allows us to help customers improve their AI economics, security, latency and governance.”
The high-margin printing engine is shrinking slowly while the growth engine earns thin margins. Management expects “Q4 to be a low point” for PC margins.
Suppliers and Tariff Refunds Are Flattering the Numbers Accounts payable rose to $21.383 billion from $18.051 billion at fiscal year-end, padding near-term cash flow. Q3 non-GAAP EPS of $0.83 included $0.11 from tariff refunds; full-year guidance of $3.19 to $3.29 embeds $0.19 of refund benefit. Neither boost is permanent.
HP carries $10.339 billion of debt against $4.169 billion of cash, and shareholders’ equity is negative $92 million, the residue of years of buybacks.
How HP Stacks Up Against Dell and Xerox Dell Technologies (NYSE:DELL) competes in commercial PCs and returns cash. Xerox (NASDAQ:XRX) represents the other side of print, with a much more strained dividend and payout profile. HP sits between them: print profits support the payout, PC scale drives revenue.
Verdict: The Yield Pays for the Risk Wall Street is cool, with 2 Buy, 10 Hold, 3 Sell and 2 Strong Sell ratings and a $29.66 target below current price. Shares trade at 12x trailing and 10x forward earnings. The dividend rose from $0.2756 to $0.2894 to $0.30 over three years.
Durable cash generation funds this payout. Printing supplies margin; buybacks offset shortfalls before the dividend does. The yield pays income investors for end-market risk. Watch free cash flow against the $3.0 billion guidance floor and supplies revenue trends (the same warning signs we cataloged in a free guide to dividend traps if you want to know when a generous yield is about to be cut).
Contact [email protected] for any questions or corrections.
Akcie HP za zhruba měsíc po poslední výsledkové zprávě vzrostly o 5,1 %. Firma zároveň zvýšila výhled upraveného zisku na akcii pro fiskální rok 2026 na 3,19–3,29 USD.
It has been about a month since the last earnings report for HP (HPQ - Free Report) . Shares have added about 5.1% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is HP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.
HPQ's Q3 Earnings Surpass Expectations, Revenues Rise Y/YHP reported third-quarter fiscal 2026 adjusted earnings of 83 cents per share, which increased 10.7% year over year and beat the Zacks Consensus Estimate by 10.7%.
HPQ reported revenues of $15.68 billion, which increased 12.5% and surpassed the consensus mark by 5.6%. Growth was led by Personal Systems as pricing and a richer premium mix offset lower unit volumes.
HPQ’s total PC units fell 16% year over year, while AI PCs accounted for 46% of shipment mix, highlighting the shift toward higher-value configurations.
HPQ's Personal Systems Revenues Hit a Q3 RecordPersonal Systems revenues were $11.77 billion, up 18.5% year over year and 16.7% in constant currency. Commercial PS revenues rose 22%, while Consumer PS revenues increased 10%, reflecting continued strength across both customer groups.
Commercial PC units declined 14%, and consumer units fell 19%. Even so, HP gained 2.6 points of share in premium categories and 1.8 points in workstations sequentially. Attached businesses, including peripherals, collaboration solutions and services, contributed about one-third of Personal Systems gross profit.
HPQ Printing Revenues Slip on Lower VolumesPrinting revenues were $3.91 billion, down 2.2% year over year and 3.6% in constant currency. Supplies revenues declined 3%, Commercial Printing fell 1%, and Consumer Printing decreased 2% as hardware and supplies volumes remained under pressure.
The company continued to shift toward higher-value print categories. Tank printer units jumped 42%, while Industrial Printing posted its 12th consecutive quarter of revenue growth. 3D Printing revenues also grew at a double-digit rate for the sixth straight quarter.
HPQ Margins Face Rising Commodity CostsHPQ's gross margin was 18.8%, pressured by higher commodity costs and a greater mix of Personal Systems revenues. Non-GAAP operating margin contracted 60 basis points year over year to 6.5%, even as pricing, growth in key areas and tariff refunds provided partial offsets.
Personal Systems operating margin fell 80 basis points to 4.6%, while Printing margin improved 110 basis points to 18.1%. The quarter's adjusted earnings included an 11-cent benefit from tariff refunds. Management said the benefit from lower-cost inventory is largely behind the company as higher-cost inventory moves through results.
HPQ’s Cash Flow Supports Capital ReturnsHPQ generated $1.74 billion of operating cash flow and $1.57 billion of free cash flow in the quarter. The company ended July with $4.17 billion in cash, cash equivalents and restricted cash, while the cash conversion cycle stood at negative 37 days.
During the quarter, HPQ repurchased $300 million of stock and paid $274 million in dividends. It also paid down slightly more than $500 million of debt maturities, ending the quarter with $9.20 billion of gross debt.
HPQ Expands Its Edge AI OpportunityHPQ expects AI PCs to account for 50% of shipment mix by the end of fiscal 2026, rising to 60-70% in fiscal 2027 and more than 70% in fiscal 2028. The company is also working with more than 150 software partners to expand workloads that can run locally on PCs.
Beyond PCs, HPQ signed a three-year, $100 million strategic agreement with RRD to accelerate AI and industrial automation in print production. Management also highlighted continued expansion of WXP, which brings PC, printer and collaboration-device management into a single platform.
HPQ Raises Fiscal 2026 Earnings and Cash Flow OutlookHPQ raised its fiscal 2026 non-GAAP earnings outlook to $3.19-$3.29 per share from $2.90-$3.10. The new range includes a 19-cent favorable impact from estimated tariff refunds. Free cash flow guidance was also increased to $3-$3.20 billion.
For the fourth quarter of fiscal 2026, HPQ expects non-GAAP earnings of 69-79 cents per share, including an 8-cent tariff-refund benefit. Personal Systems revenues are expected to be below seasonal levels but still grow year over year, while Printing revenues are projected to follow historical seasonality.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 12.36% due to these changes.
VGM ScoresCurrently, HP has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise HP has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Akcie HP klesly o 4 % poté, co společnost nevydala výhled pro fiskální rok 2027 a varovala, že globální objem trhu s PC může v kalendářním roce 2027 oproti roku 2026 klesnout zhruba o střední jednociferné procento.
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.
The company said its preliminary planning assumption, based on current third-party industry forecasts, is that industry-wide personal computer unit volumes will decline by roughly mid-single-digit percentage terms in calendar 2027 compared with 2026.
HP cautioned that the assumption depends on market performance during the second half of calendar 2026 and remains subject to change.
HP's preliminary outlook points to a contraction in worldwide PC unit volumes next year, although the company did not provide a specific forecast for its own shipments or revenue.
"Consistent with current third-party industry forecasts, HP’s preliminary planning assumption is that industry-wide personal computer unit volumes decline roughly mid-single-digits in percentage terms in calendar year 2027 as compared to calendar year 2026," HP said in the filing.
The company added that the assumption is dependent on market performance during the second half of 2026, which remains fluid.
HP's latest disclosure follows comments made during its fiscal third-quarter earnings call on Aug. 26.
At the time, the company said it was premature to provide specific expectations for fiscal 2027, including PC unit volumes.
HP said Monday's disclosure should not be interpreted as financial guidance for fiscal 2027.
The company remains in its planning period and said changes in market conditions during the remainder of calendar 2026 could affect its assessment of the PC market.
The disclosure comes after HP reported fiscal third-quarter results that topped estimates.
The company also raised its outlook for adjusted earnings per share and free cash flow.
In the quarter, HP's Personal Systems revenue increased 18% year over year to $11.8 billion, despite total unit volumes declining 16%. The segment reported a 4.6% operating margin.
The company's adjusted earnings per share of $0.83 included an $0.11 benefit from tariff refunds.
CFO Karen Parkhill said HP's earlier benefit from lower-cost inventory was "largely behind us," with higher-cost inventory moving through the profit and loss statement.
Morgan Stanley has maintained an Underweight rating on HP, citing concerns about the company's unit and margin challenges.
The firm said HP's PC margin divergence from peers was making its recent re-rating increasingly difficult to justify and identified HPQ as its top enterprise Underweight.
Morgan Stanley raised its price target to $19 from $17 following HP's fiscal third-quarter results.
Analyst Erik Woodring previously argued that PC unit declines of more than 10% in fiscal 2027, together with continued pressure in HP's printing business, could outweigh benefits from AI PCs.
HP has been raising prices, shifting toward premium products and pursuing product redesign and other cost actions to offset cost pressures.
Parkhill said the company expects input costs to continue rising, although at a slower pace, and aims to return Personal Systems operating margins to its long-term range "as quickly as possible" in fiscal 2027.
HP očekává, že AI PC budou do konce fiskálního roku tvořit 50 % dodávek. Firma také zvýšila výhled volného cash flow na 3,0–3,2 miliardy USD a non-GAAP EPS na 3,19–3,29 USD.
Key Takeaways HP gains the edge on stronger price appreciation, capital returns and cash-flow stability.Lenovo's AI server backlog tops $21B as it expands in AI infrastructure, hybrid cloud and services.HP expects AI PCs to reach 50% of shipments by fiscal year-end, supporting premium mix and recurring revenue. The microcomputer space is being driven by AI-enabled PCs, enterprise device refresh cycles, and the growing adoption of hybrid work. Rising demand for high-performance computing, cloud-connected workflows and enhanced cybersecurity is accelerating hardware upgrades. Advancements in processors, on-device AI capabilities and energy-efficient architectures are supporting premiumization, while the approaching end of support for older operating systems is expected to further stimulate commercial PC replacement demand.
Against this backdrop, let’s assess which company offers stronger long-term growth prospects — Lenovo Group (LNVGY - Free Report) or HP Inc. (HPQ - Free Report) .
Lenovo Group is a global technology leader with a diversified presence across PCs, enterprise infrastructure and intelligent solutions. HP is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
The Case for LNVGYLenovo remains one of the largest PC makers globally, but it's steadily transforming into a broader technology company, which should support stronger long-term growth. By pushing into higher-margin segments—AI infrastructure, hybrid cloud, enterprise services, and AI-enabled devices—Lenovo is lowering its dependence on the cyclical PC business and building new revenue streams.
The Intelligent Devices Group continues to generate strong cash flow, driven by commercial PC upgrade cycles, premium-product demand and rising AI PC adoption. At the same time, the Infrastructure Solutions Group is emerging as a key growth engine, benefiting from surging demand for AI servers, data-center hardware and high-performance computing. An AI server order backlog topping $21 billion gives solid forward revenue visibility.
Lenovo is also scaling its enterprise AI offerings. Its NVIDIA-developed Hybrid AI Advantage platform enables scalable, real-time AI inference across cloud and on-premise deployments, while the Infinidat acquisition deepens its foothold in high-end enterprise storage and opens further paths to revenue and margin gains.
Geographic diversification across Asia, Europe, and the Americas reduces reliance on any one region, and Lenovo's long-standing ties with enterprises, governments, and channel partners reinforce its market position. Continued investment in both Personal AI and Enterprise AI reflects its ambition to become a full-stack AI player, backed by disciplined cost control, solid cash generation, a conservative balance sheet and steady dividends.
Risks remain. Global PC shipments fell 2% last quarter (though Lenovo held a 25.6% share). Rising memory costs tied to AI-driven demand could squeeze margins. U.S.-China trade tensions pose ongoing cost and market-access risks.
The Case for HPQHP's growing AI PC mix, gains in premium computing and broader reach into workstations, workforce solutions, and industrial printing are helping shift its revenue and profit mix in a favorable direction.
Personal Systems has become HP's key growth engine. The fiscal third quarter marked the tenth consecutive quarter of revenue growth, driven by solid performance across both commercial and consumer segments. Demand should stay firm on the back of enterprise device replacement cycles, the ongoing Windows 11 transition, and rising adoption of AI-capable PCs.
Management estimates AI PC portfolio shipment to be 50% of total shipment mix by the end of this fiscal year. These AI PCs tend to lift product mix, since buyers are often willing to pay a premium for local AI processing, stronger security, and better power efficiency. HP is also pushing beyond pure hardware into software, device management, and its Workforce Experience Platform—moves that could strengthen customer relationships and build more recurring revenues.
Printing continues to drive HP's earnings. Supplies, managed print services, and contract-based offerings deliver steady recurring income that cushions the cyclicality of hardware. Still, the ongoing shift to digital workflows, softer home-printing demand, and third-party supplies competition create structural headwinds. Growth in industrial graphics, packaging, and subscription printing will need to offset declines in legacy categories.
Overall, HP's strengths—solid positioning in PCs and printing, reliable cash generation, expanding AI-device exposure, and steady capital returns—rest on a durable base of a large commercial customer base, global distribution reach, and a profitable print franchise. Its raised fiscal full-year 2026 outlook (free cash flow of $3.0–$3.2 billion, non-GAAP EPS of $3.19–$3.29) supports continued dividends, buybacks and reinvestment.
Successful AI PC uptake, commercial refresh demand, services growth, and cost discipline could drive EPS gains even in mature markets.
Estimates for LNVGY and HPQ The Zacks Consensus Estimate for LNVGY’s fiscal 2027 and 2028 revenues implies a 32% and 20% year-over-year increase, respectively. EPS estimates for fiscal 2027 and 2028 imply a 66% and 58.4% year-over-year increase, respectively. EPS estimates for 2026 and 2027 have moved up 26.3% and 55.6%, respectively, in the past 30 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for HPQ’s fiscal 2026 and 2027 revenues implies an 8.5% and a 0.7% year-over-year increase, respectively. EPS estimates for fiscal 2026 and 2027 indicate a 3.5% increase and a 5% year-over-year decrease, respectively. EPS estimates for 2026 and 2027 have moved up 8.4% and 4.8%, respectively, in the past 30 days.
Image Source: Zacks Investment Research
Price Performance of LNVGY and HPQLNVGY shares have gained 26% in the past three months, while HPQ shares have gained 40% in the same time.
Image Source: Zacks Investment Research
Are LNVGY and HPQ Shares Expensive?LNVGY is trading at a forward 12-month price-to-sales multiple of 0.43, higher than its median of 0.23 over the past three years. HPQ’s forward 12-month price-to-earnings multiple sits at 0.51, slightly higher than its median of 0.48 over the past three years.
Image Source: Zacks Investment Research
ConclusionLenovo Group presents an attractive investment opportunity, supported by its leading position in the global PC market, growing AI-related demand and improving profitability. Management targets $100 billion in revenues within two years, driven by operational efficiency and sustained innovation across Personal AI and Enterprise AI.
AI-led product innovation, premium mix, print diversification, cost actions and cash returns support HP’s long-term earnings and competitive positioning.
HPQ carries a Zacks Rank #2 (Buy), while LNVGY carries a Zacks Rank #3 (Hold). Price appreciation, prioritization of capital returns and cash flow stability give HP an edge over Lenovo. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
HP představila ZBook Ultra G3a, mobilní workstation pro lokální AI s podporou modelů až 300 miliard parametrů a 192 GB sjednocené paměti. Na trh má přijít v říjnu 2026.
The new HP ZBook Ultra G3a, a thin-and-light 16-inch mobile workstation, supports advanced workloads, including up to 300B-parameter LLMs locally, with up to 192GB unified memory and 160GB dedicated to the VRAM, enabling users to simultaneously run multi-agent and professional AI workflows.Perplexity Computer comes preloaded, including supported integration for Autodesk Revit, helping professionals apply AI to defined tasks without starting from an empty prompt box. PALO ALTO, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- HP Inc. today announced the HP ZBook Ultra G3a, a new mobile workstation designed from the ground up to serve as a personal AI factory for professionals. Powered by AMD and enhanced by Perplexity, the HP ZBook Ultra G3a 16” combines workstation-class performance, local AI capabilities, and intelligent workflow experiences for demanding professional environments.
As organizations move from AI experimentation to production, professionals still face fragmented tools, disconnected applications, and complex setup requirements. HP is addressing that gap by bringing together AMD-powered local performance, Perplexity Computer to complete end-to-end work, and Autodesk®ii application support in one mobile workstation built for professional use.
"Professionals need AI experiences that are powerful, reliable, and integrated into the way they work," said Jim Nottingham, Senior Vice President and Division President, Advanced Compute and Solutions, HP Inc. "With the HP ZBook Ultra G3a 16”, HP is bringing a local AI factory and workflow-ready tools together to help customers apply agentic AI to their most demanding work."
Local AI performance, engineered with AMD
HP and AMD co-engineered the HP ZBook Ultra G3a 16” to support large local AI models, AI agents, and professional applications in a thin-and-light mobile form factor. Powered by up to AMD Ryzen AI Max+ PRO 495 and up to 192 GB of unified memory, this single-chip system helps professionals design, build, analyze, and run AI locally without moving work to a larger system or relying on the cloud for every task.
“Together, HP and AMD are ushering in the era of Personal AI, where extraordinary AI power moves from the data center into the hands of professionals. For years, the most powerful AI has lived in the cloud,” said Jack Huynh, Senior Vice President and General Manager of the Computing and Graphics Group at AMD. “Now, with up to 192GB of unified memory and the ability to run models up to 300 billion parameters locally, that power is right beside you, working alongside you and your most demanding applications. The new ZBook shows what’s possible when AI becomes truly personal, giving people the freedom to explore bigger ideas, solve harder problems, and bring their most ambitious ideas to life.”
This on-device approach can help organizations reduce cloud dependency and manage inference costs, while giving professionals more control over performance, latency, privacy, and where work runs.
Agentic AI, ready for professional workflows
The HP ZBook Ultra is engineered to run large local models, AI agents, and demanding professional applications at the same time. Ready-to-use workflow tools help customers apply AI to defined tasks without requiring teams to assemble hardware, models, connectors, prompts, and instructions on their own.
“Professionals shouldn’t have to build their own AI stack to put their workstation to work,” said Ryan Foutty, Vice President of Business at Perplexity. “With HP, we’re bringing them Portable Computer, a mode of Personal Computer that runs AI models, agents, and tools on the device. Work starts locally, and when a step needs frontier intelligence, users can choose to bring in a cloud model without starting over. Businesses get the benefits of local AI without giving up access to the cloud or control over when they use it.”
HP and Perplexity are enabling professionals to use AI more effectively with the applications they already rely on. Powered by Perplexity Portable Computer for Windows’s MCP Connector to Autodesk Revit®, customers can use local, on-device AI alongside their project data, keeping proprietary data on-device and minimizing cloud token costs. This helps professionals spend less time selecting tools, finding instructions, and writing prompts, and more time designing, creating, and solving problems. Additionally, Perplexity and HP have co-developed task-based Skills exclusively available to HP customers, designed to help users offload repetitive tasks and spend more time doing the work they enjoy.
Mobile workstation performance for advanced workloads
Built for all-day productivity on the go, the HP ZBook Ultra G3a 16" gives architects, engineers, designers, and technical teams workstation-class performance in a highly mobile design starting at 4.2 lbs. and 17.9 mm thin. A new thermal design delivers up to 81.8% higher TDPiii, enabling up to 100W of performance for advanced workloads away from the desk.
Run complex AI models, agents, and advanced workloads simultaneously, including up to 300B-parameter LLMs locally, powered by AMD Radeon™ integrated graphics with up to 192GB unified memory, 160GB dedicated VRAM, and 55 TOPS NPU.Support demanding design and visualization workflows, including Autodesk Revit 2027, Autodesk 3ds Max, and Chaos Enscape visualization.Stay productive beyond Wi-Fi with secure 5G through HP Go connectivity.Extend device life and simplify serviceability with an easily IT-replaceable keyboard and design features built for long-term use. A more controlled path for IT
IT leaders are being asked to support AI adoption while managing cost, security, and governance. The HP ZBook Ultra G3a 16” is a new anchor in HP's broader agentic AI portfolio, alongside HP ZGX Nano, HP ZGX Fury, HP Boost, and HP Remote System Controller, giving IT teams a more controlled path to scale local AI.
In addition, HP’s new Local AI Value Calculator, available on HP.com will bring HP Z workstations customers a clear understanding of how moving AI workloads from the cloud to local devices can lower costs, provide valuable insight into performance, and help deliver faster return on investment for everyday AI use.
By supporting local inference, large memory capacity, elastic scaling, and longer device life, HP gives organizations greater flexibility as AI models, frameworks, and workflows evolve.
Pricing and availability
The HP ZBook Ultra G3a 16” is expected to be available in October 2026. Pricing will be provided closer to availability.
About HP
HP Inc. (NYSE:HPQ) is a global technology leader redefining the Future of Work. Operating in more than 180 countries, HP delivers innovative and AI-powered devices, software, services and subscriptions that drive business growth and professional fulfillment. For more information, please visit: HP.com.
i Based on HP's internal analysis of competitive laptop PCs with AMD, Intel, Apple, and Qualcomm processors and configurable discrete or internal graphics as of August 2026. Most capable local agentic laptop PC based on the highest available graphics memory (VRAM) capacity among compared systems. Higher VRAM capacity may support larger local AI models and execution of multiple local AI agents, depending on configuration, model size, software, and workload.
ii Autodesk, Revit, and 3ds Max are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders.
iii Up to 81% (actual 81.8%) higher TDP compared to the ZBook Ultra G1a with a max TDP of 55W and ZBook Ultra G3a with a max TDP of 100W
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4db9b4ed-6a22-48b0-b0b9-05fd085163f7
A Personal AI Factory for Professionals The HP ZBook Ultra G3a 16” combines workstation-class performance, local AI capabilities, and intell...
HP zvýšila celoroční výhled díky rekordním tržbám v segmentu Personal Systems, prémiovým AI PC a cenovým opatřením, a to i bez započtení přínosu vrácení cel. Ve 3. čtvrtletí pomohlo také vrácení cel na základě IEEPA, které přispělo zhruba 0,11 USD na akcii a asi 80 bazických bodů k hrubé i provozní marži.
MarketBeat Week in Review – 03/30 - 04/03HP NYSE: HPQ Chief Financial Officer Karen Parkhill said the company’s third-quarter performance was supported by record revenue in its Personal Systems segment, premium product mix and pricing actions, while Print results met expectations. Speaking at the Goldman Sachs Communacopia + Technology Conference, Parkhill said the company raised its annual guidance even excluding the benefit of tariff refunds.
Parkhill said HP continued to execute its four-pillar plan for managing higher commodity costs, which includes securing supply, shaping demand, reducing costs and implementing pricing actions. The company also benefited from refunds of IEEPA tariffs during the third quarter and expects additional refunds in the fourth quarter.
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Premium PCs and Hybrid AI Demand HP Inc. Stock Is Historically Cheap, but Can AI Change the Story?HP is focusing its Personal Systems strategy on premium commercial PCs, AI PCs, workstations, peripherals and service offerings, including its Workforce Experience Platform, or WXP. Parkhill said the strategy is intended to expand market share, drive revenue growth and improve the company’s sales mix and margins.
The company is seeing growth across regions and regained market leadership in the Americas and North America during the latest quarter, Parkhill said.
HP Is Positioning Itself for the AI Gold Rush's Second ActWhile early demand for AI PCs was driven in part by customers seeking to future-proof their technology fleets, Parkhill said enterprise customers are increasingly seeking solutions that allow artificial intelligence workloads to run locally as well as in the cloud.
“Tokenomics is one compelling reason” for the shift, Parkhill said, citing rising token costs. Customers also want faster, more secure and more privacy-focused AI capabilities, she said. HP refers to the approach as hybrid AI, combining cloud-based and locally run AI.
Parkhill said WXP provides telemetry and operational data that can help chief information officers manage PCs, workstations, printers and collaboration devices. The platform can identify potential issues before they affect employees and help customers configure devices with the appropriate amount of memory, an increasingly important consideration amid rising component costs.
Margins, Pricing and Supply Parkhill said increases in Personal Systems average selling prices have been driven by both pricing and product mix. Lower-end PC demand has declined, while demand has shifted toward premium AI PCs, workstations and related peripherals, she said.
HP expects Personal Systems margins to be lower in the fiscal fourth quarter than in the third quarter, before improving sequentially and returning to its long-term 5% to 7% range at some point in fiscal 2027. Parkhill said some margin-improvement actions require time, including repricing long-term enterprise customer agreements and redesigning products to use less memory.
About 70% of HP’s business was commercial in the latest quarter, Parkhill said, offering a rough indication of the portion of the portfolio that may include enterprise customer relationships with longer-term agreements.
The CFO said HP has secured the supply needed to meet customer demand during the current fiscal year and is working on supply for the following year. The company has relied on long-standing supplier relationships and has qualified new suppliers at what Parkhill described as record speed, including some suppliers in China. Those Chinese suppliers currently represent a smaller part of HP’s overall supply base and serve China and certain other countries.
HP expects memory costs to continue rising next fiscal year, though at a less steep pace than during the current year. Parkhill said lower-end PC demand appears to have been delayed rather than permanently lost and could return as prices and costs stabilize.
Print Growth Areas and Tariff Refunds In Print, HP is investing in Big Tank printers, industrial printing, 3D printing and subscription offerings such as HP All-In Plan. Parkhill said approximately 17 million printers were sold worldwide in the latest quarter, with Big Tank models accounting for about one-third of that volume.
HP’s overall worldwide print market share is in the low- to mid-30% range, compared with low- to mid-20% share in Big Tank, Parkhill said. The company gained four points of Big Tank share during the quarter.
Parkhill said AI features in HP’s printing products are intended to improve customer experience and can be monetized, though they do not necessarily expand the overall print market. Examples include the company’s Precise Print feature, which is being expanded from the U.S. to 130 countries, automated redaction of sensitive information and document-scan summaries using Copilot.
Industrial Printing delivered its 12th consecutive quarter of growth, according to Parkhill. She cited a shift from analog to digital printing for labels and packaging, as well as HP Neo software that supports AI-enabled workflow management for industrial print customers.
HP expects Print operating margins in the fiscal fourth quarter to be at the low end of its 16% to 19% target range, reflecting unit placements and input-cost pressures. Memory and storage costs affect Print less than PCs, Parkhill said, while resin and plastics costs have also increased.
In the third quarter, IEEPA tariff refunds contributed about $0.11 to earnings and approximately 80 basis points to both gross and operating margin, Parkhill said. HP expects roughly $0.08 of additional benefit in the fourth quarter, with most of the third-quarter benefit and all expected fourth-quarter benefit going to Print. The company may receive some additional refunds through the first quarter, she said.
Parkhill also said HP’s CEO search is progressing and remains within a typical six- to 12-month timeline. She said HP plans to provide its fiscal 2027 outlook during its fourth-quarter earnings call regardless of whether a permanent CEO has been appointed by then.
About HP (NYSE:HPQ)HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.
Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.
HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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HP představila nové OmniBook Ultra 16 a OmniBook X 14 spolu s detaily o chystaném HP OmniDesk, všechny poháněné NVIDIA RTX Spark a Windows. Firma je zaměřuje na AI tvůrce, vývojáře, hráče a další pokročilé uživatele.
Empowers AI builders, creators, gamers, and developers with HP’s newest OmniBook PCs powered by NVIDIA RTX SparkAccelerates intelligent workflows with personal agents, local AI experiences and advanced content creation capabilitiesEnables ambitious AI development and creative projects with the HP OmniBook Ultra 16, designed for users building what’s nextExtends next-generation AI experiences to a highly portable form factor with the HP OmniBook X 14, built for creators on the moveExpands HP’s portfolio of RTX Spark-powered AI PCs for creators, gamers, developers, and advanced AI users BERLIN, Sept. 04, 2026 (GLOBE NEWSWIRE) -- Today, HP Inc. (NYSE: HPQ) announced its new HP OmniBook Ultra 16 and HP OmniBook X 14 along with new details around the upcoming HP OmniDesk, all powered by NVIDIA RTX Spark and Windows. Together, the devices expand HP’s portfolio of next-generation AI PCs designed for creators, developers, entrepreneurs, gamers, and advanced AI users. First previewed at Computex in June, the world’s thinnest RTX Spark laptopsi bring personal agents, local AI, advanced content creation and RTX technologies into premium designs, redefining how people create, develop, play, and work on their PCs.
“As AI transforms the way people create, develop, game, and work, HP is focused on delivering devices that help bring intelligent experiences directly into everyday workflows,” said Samuel Chang, Senior Vice President and Division President, Consumer Personal Systems at HP Inc. “The HP OmniBook Ultra 16, HP OmniBook X 14, and HP OmniDesk powered by RTX Spark represent a new generation of Windows PCs designed for developers, creators, gamers, and innovators who want local intelligent assistants and AI-powered applications, including open-source tools working alongside them.”
NVIDIA RTX Spark reinvents personal computing, combining personal agents, advanced content creation and high-performance gaming in a new platform engineered from the ground up for the next wave of Windows PC experiences. Designed for creators, AI developers, and gamers, RTX Spark brings NVIDIA’s full-stack AI platform and full suite of RTX technologies to slim laptops with all-day battery life and compact desktops.
AI PCs Built for Builders, Creators, and Advanced Users
AI is rapidly evolving from simple prompts to intelligent agents and assistants capable of helping people create, automate and solve problems in entirely new ways. The newest OmniBooks and OmniDesk powered by RTX Spark and Windows are designed for this next generation of personal computing, bringing together agents, local AI, advanced content creation capabilities, and RTX technologies in premium devices built around the needs of modern creators, developers, gamers, and innovators. Whether building intelligent applications, creating content, exploring emerging AI workflows or balancing productivity with entertainment, these devices are designed to help users accomplish more with AI working alongside them on-device or cloud.
Build What’s Next with the HP OmniBook Ultra 16
Designed for AI builders, developers, creators, gamers, and entrepreneurs tackling complex projects, the HP OmniBook Ultra 16 delivers the performance, scale and immersive experiences needed to bring ambitious ideas to life. Engineered for users developing AI-powered applications, experimenting with emerging agentic workflows, creating content, and tackling demanding creative projects, the laptop allows users to:
Build bigger, faster: Intelligent assistants, local AI capabilities, and agentic workflows help users automate repetitive work, accelerate creativity, and focus on solving larger challenges. For developers and creators working at scale, configurations with up to 128 GB of unified memory and up to 1 petaflop FP4 AI performance are designed to enable larger models, including open source and open weight, powering more complex workflows and faster iteration.Sustain demanding AI workloads: HP’s first consumer tower hinge and trunk architecture maximizes airflow and heat dissipation in an exceptionally thin premium design. Combined with larger heat pipes and dual ultra-thin fans, the system is designed to support sustained AI development, creative production, and emerging agentic workloads.See every detail and hear every difference: A 16-inch 3K OLED display with VESA DisplayHDR™ True Black 1000 certification is paired with quad speakers powered by smart amplifiers to deliver vibrant visuals, deep contrast and immersive audio experiences for content creation, entertainment, and everyday productivity.Power through ambitious projects: Designed for creators and developers working across demanding AI and creative workflows, the OmniBook Ultra 16 combines a 99 Wh battery for up to 17 hours of battery lifeii with fast charging support, enabling users to spend more time creating and less time tethered to an outlet, with the ability to recharge up to 50% in approximately 30 minutes.iii Create Anywhere with the HP OmniBook X 14
For creators, developers, and AI enthusiasts who want powerful AI experiences in a device built for mobility, the HP OmniBook X 14 extends RTX Spark experiences into HP’s thin-and-light OmniBook X portfolio. Designed for users who move fluidly between work, creativity, and entertainment, the device brings personal agents, local AI and creator-focused experiences into a highly portable premium design.
Access AI wherever inspiration strikes: The OmniBook X 14 brings personal agents, local AI, creator workflows, and RTX graphics into a compact form factor designed to support productivity, content creation, and emerging AI experiences wherever users work and create.Designed for everyday creators: Built for users who want one device for both professional work and personal passions, the OmniBook X 14 supports modern workflows that blend productivity, content creation, AI-assisted experiences, and entertainment into a single premium PC experience.Travel light without sacrificing capability: A thin-and-light design combined with HP’s advanced rear thermal architecture, heat-pipe design, and optimized airflow helps enable demanding AI-powered experiences while maintaining portability.Immerse yourself in every project: A premium OLED display with VESA DisplayHDR™ True Black 1000 certification delivers vibrant visuals, deep contrast, and rich detail for content creation, collaboration, gaming, and entertainment.Stay productive from anywhere: Built for creators and AI enthusiasts on the move, the OmniBook X 14 delivers up to 15 hours of battery lifeii and supports fast charging with a 140W USB-C® GaN adapter, allowing users to recharge up to 50% in approximately 30 minutes.iii Bring Advanced AI Computing to the Desktop with HP OmniDesk
The HP OmniDesk powered by RTX Spark further expands HP’s exploration of compact, high-performance AI computing designed to bring advanced capabilities closer to where people create, develop, and work. With always-on performance, the desktop is designed to keep long-running AI agents and tasks moving, even when users step away. Additional details on experiences, features, and availability will be shared closer to availability.
Pricing and Availabilityiv
The HP OmniBook Ultra 16 is expected to be available at HP.com and Best Buy this fall. Pricing will be provided closer to availability.The HP OmniBook X 14 is expected to be available at HP.com and other retailers this fall. Pricing will be provided closer to availability.The HP OmniDesk pricing will be provided closer to availability. About HP
HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services, and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit http://www.hp.com.
i Based on publicly available information and HP’s internal analysis of 14-inch and 16-inch display consumer notebooks from major manufacturers with Windows on Arm and a thermal design power of greater than 45W as of June 2026. Slimness is determined by the notebook’s rear height of 15.73 millimeters on HP OmniBook Ultra 16 inch Laptop Next Gen AI PC and 13.53mm on HP OmniBook X 14 inch Laptop Next Gen AI PC. Rear height measurement is near the back edge where the chassis bottom cover taper ends, excluding transition area to rubber feet and hinge cap.
ii Battery life tested by HP using continuous FHD video playback, 1080p (1920x1080) resolution, 200 nits brightness, system audio level as image default, player audio level at 100%, played full-screen from local storage, headphone attached or through speaker (if no audio jack port), wireless on but not connected. Actual battery life will vary depending on configuration and maximum capacity will naturally decrease with time and usage.
iii Recharges your battery up to 50% within 30 minutes when the system is off using “shut down” command, using the HP adapter provided with the notebook or recommended power adapter disclosed in specifications.
iv Pricing and availability subject to change without notice.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1a361f11-9579-42e3-87fd-57c5caea29fc
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HP (HPQ - Free Report) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.67%. A quarter ago, it was expected that this personal computer and printer maker would post earnings of $0.72 per share when it actually produced earnings of $0.86, delivering a surprise of +19.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
HP, which belongs to the Zacks Computer - Micro Computers industry, posted revenues of $15.68 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 5.59%. This compares to year-ago revenues of $13.93 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
HP shares have added about 32.5% since the beginning of the year versus the S&P 500's gain of 12.2%.
What's Next for HP?While HP has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for HP was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.67 on $14.92 billion in revenues for the coming quarter and $3.03 on $58.19 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Micro Computers is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Dell Technologies (DELL - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on September 1.
This computer and technology services provider is expected to post quarterly earnings of $4.88 per share in its upcoming report, which represents a year-over-year change of +110.3%. The consensus EPS estimate for the quarter has been revised 5.5% higher over the last 30 days to the current level.
Dell Technologies' revenues are expected to be $44.79 billion, up 50.4% from the year-ago quarter.
HP zvýšila výhled non-GAAP EPS pro fiskální rok 2026 na 3,19–3,29 USD a volný peněžní tok na 3–3,2 mld. USD. AI PC tvořily 46 % dodávek v Q3 a do konce roku mají dosáhnout 50 %.
Key Takeaways HP raises its FY26 non-GAAP EPS guidance to $3.19-$3.29 and free cash flow to $3-$3.2B.HPQ expects Personal Systems margins to bottom in Q4'26, then improve in FY27 with mitigation actions.HP says AI PCs were 46% of Q3 shipments and are expected to reach 50% by fiscal year-end. HP Inc. (HPQ - Free Report) used its third-quarter fiscal 2026 earnings call to emphasize pricing discipline, premium PC mix and AI demand as it navigates rising memory and storage costs. Management also raised its fiscal 2026 earnings and free cash flow outlook.
The key forward message was that Personal Systems margins are expected to bottom in the fiscal fourth quarter, with mitigation actions and a richer product mix supporting improvement in fiscal 2027.
HPQ Raises FY26 OutlookCFO Karen Parkhill said that HP increased its fiscal 2026 non-GAAP earnings per share (EPS) guidance to $3.19-$3.29 from $2.90-$3.10. The outlook includes a $0.19 favorable impact of estimated tariff refunds.
For the fiscal fourth quarter, HP expects non-GAAP EPS of $0.69-$0.79, including a $0.08 tariff-refund benefit. The company also raised its full-year free cash flow guidance to $3-$3.2 billion.
The fiscal third-quarter non-GAAP EPS of $0.83 beat the Zacks Consensus Estimate of $0.75. Meanwhile, revenues of $15.68 billion topped the consensus estimate of $14.85 billion and rose 12.5% year over year.
HP Uses Pricing to Offset PC Cost PressureCFO Parkhill said that Personal Systems revenues grew 18% year over year to $11.8 billion, even as total unit volume declined 16%. Higher pricing, favorable mix and services expansion outweighed the volume decline.
Personal Systems operating margin was 4.6%, below HP's long-term range as higher commodity costs and variable compensation pressured profitability. CFO Parkhill said that lower-cost inventory benefits are largely aiding HP as higher-cost inventory moves through earnings.
Management expects the Personal Systems margin to fall again in the fiscal fourth quarter before improving in fiscal 2027. Pricing, supplier qualification, product redesign, platform optimization and demand shaping form the mitigation plan.
HPQ Expands the AI PC & Edge OpportunityInterim CEO Bruce Broussard said that AI PCs remain central to HP's strategy as more computing shifts toward the edge. AI PCs accounted for 46% of Personal Systems shipments in the fiscal third quarter.
Personal Systems president Ketan Patel said that HP expects AI PCs to reach 50% of the shipment mix by the year-end, then rise to 60-70% in fiscal 2027 and above 70% in fiscal 2028.
In Q&A, Patel said that customers are using local AI to reduce token costs, protect sensitive data, improve latency and support workloads in productivity, engineering, customer service and predictive maintenance.
HP Keeps Print Focused on Profitable PlacementParkhill said that Printing revenues fell 2% year over year to $3.9 billion, with supplies down 3%. HP continued to avoid low-return hardware placements in a competitive market.
The Print operating margin was 18.1%, helped by tariff refunds and pricing actions. Excluding tariff refunds, Parkhill added that margin was at the low end of HP's long-term range.
HP also continued expanding in profit-upfront tank printers, wherein units rose 42%. Management plans to support Print through tank share gains, subscriptions, AI-enabled office products and industrial graphics.
HPQ Q&A Centers on Margin Recovery PathAn Evercore ISI analyst pressed management on the fiscal fourth-quarter Personal Systems outlook and margin recovery. Parkhill reaffirmed the fiscal fourth quarter as the expected low point and said that supply is sufficient to meet customer demand.
A Morgan Stanley analyst questioned how margins could improve while component inflation continues. Parkhill pointed to slower expected cost increases, delayed benefits from contract revisions and redesign work, and a growing mix of premium products and attached offerings.
A Bernstein analyst also asked about pricing catch-up. Patel said that pricing changes can reach customers immediately in some channels but take several months in others.
HP Sharpens Priorities During CEO TransitionBroussard said that HP is working to become more connected, AI-enabled and data-driven while expanding integrated solutions and recurring revenue opportunities. He also emphasized clearer capital and resource allocation.
Management's posture centered on protecting profitability while continuing to invest in AI devices, edge computing and higher-value categories. HP plans to provide its fiscal 2027 outlook on the next earnings call.
What Zacks Signals Say About HPQHP currently carries a Zacks Rank #3 (Hold), with Value and Growth Scores of A, a Momentum Score of C and a VGM Score of A. Under the Zacks framework, A grades are favorable, while the C Momentum Score is comparatively less supportive. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Style Scores complement the Zacks Rank, with the strongest combinations involving Zacks Rank #1 or #2 (Buy) stocks and A or B Style Scores. HPQ's Zacks Rank #3 is more neutral, and the Rank can change as analyst estimates are revised following the latest results.
Akcie HP klesly o 5 % po výsledcích za 3. fiskální čtvrtletí, které sice překonaly odhady, ale ukázaly tlak vyšších cen pamětí na marže PC. Firma varuje, že tyto tlaky potrvají i ve 4. čtvrtletí.
HP Inc. shares HPQ fell 5% in trading after the PC and printer maker reported fiscal third-quarter results that beat Wall Street estimates but raised concerns about margins, PC demand and the sustainability of its earnings outlook.
The company reported revenue of $15.7 billion for the quarter ended July 31, up 12.5% year over year and above analysts' expectations.
Adjusted earnings per share came in at $0.83, also ahead of estimates. However, both results benefited from tariff refunds, while PC unit shipments declined sharply.
HP's third-quarter revenue increased about 13%, with Personal Systems revenue rising 18% to $11.8 billion.
Commercial PC sales increased 22%, helping offset weaker unit volumes.
PC shipments fell 16% year over year as the company raised prices and focused on premium products, including AI PCs.
The resulting increase in average selling prices helped lift revenue despite weaker unit demand.
Printing revenue declined 2% to $3.9 billion, broadly in line with estimates.
Adjusted earnings of $0.83 per share included an $0.11 benefit from tariff refunds. Analysts had expected adjusted EPS of $0.69, according to LSEG data.
HP has been dealing with rising memory chip costs as AI data center construction absorbs semiconductor capacity.
The company has responded by increasing PC prices and redesigning some products, but higher costs continued to weigh on profitability.
Personal Systems operating margin fell to 4.6% from 5.2% in the previous quarter as memory and other commodity costs increased faster than pricing could offset them.
HP expects those pressures to continue into the fourth quarter, with a recovery not expected until fiscal 2027.
CFO Karen Parkhill said the company expects below-seasonal revenue performance in the fourth quarter because of commodity-driven price increases.
At the same time, she said HP expects revenue to grow year over year, supported by pricing actions, gains in premium categories, higher-margin offerings and increased adoption of AI PCs.
For the fourth quarter, HP forecast adjusted EPS of $0.69 to $0.79, compared with analysts' average estimate of $0.67.
However, the forecast includes an estimated $0.08-per-share benefit from tariff refunds. Excluding that benefit, the midpoint of the company's guidance would fall below market expectations.
HP also raised its full-year adjusted EPS forecast to $3.19-$3.29 from $2.90-$3.10. The annual forecast includes an estimated $0.19 benefit from tariff refunds.
BofA maintains underperform ratingBofA Securities raised its price target on HP to $21 from $18 while maintaining an Underperform rating.
The brokerage identified pricing execution, premium and AI PC adoption, market-share gains and resilient reported printing profitability as positives.
However, it expects rising memory costs and higher PC prices to create demand elasticity.
BofA also pointed to continued pressure on core margins excluding tariff benefits and uncertainty related to HP's leadership transition.
The results highlight the challenge facing HP as it attempts to offset rising component costs through higher prices while maintaining demand.
Investors are also looking for greater visibility into the company's margin trajectory and fiscal 2027 outlook.
HPQ ve 3. fiskálním čtvrtletí očekává růst tržeb o 4,8 % na 14,60 miliardy USD, ale EPS má meziročně klesnout o 12 % na 66 centů. Tlak mohou zvýšit vyšší ceny pamětí a náklady na dopravu.
Key Takeaways HP's Q3 revenues are expected to rise 4.8% to $14.60 billion, while EPS is projected to decline 12%.AI PCs, premium systems and Windows 11 refresh demand are expected to support HP's Personal Systems business.Rising memory, resin and transportation costs could weigh on HP's Q3 profitability and Print margins. HP Inc. (HPQ - Free Report) is slated to release third-quarter fiscal 2026 results on Aug. 26.
The Zacks Consensus Estimate for revenues is pegged at $14.60 billion, suggesting an improvement of 4.8% from the prior-year quarter.
HP expects non-GAAP earnings per share between 61 cents and 71 cents for the fiscal second quarter. The Zacks Consensus Estimate for earnings has remained unchanged at 66 cents over the past 30 days, suggesting a year-over-year decline of 12%.
In the trailing four quarters, HPQ’s earnings matched the Zacks Consensus Estimate in one of the trailing four quarters and surpassed thrice, with an average surprise of 6.7%.
Let’s see how things are shaping up for this announcement.
Factors Likely to Influence HPQ’s Q3 ResultsHP’s fiscal third-quarter performance is likely to have been supported by continued momentum in the Personal Systems business, particularly from AI PCs, premium PCs and higher-margin attached services. In the second quarter, Personal Systems revenues increased 13% year over year, with AI PCs, advanced compute solutions and workforce solutions delivering double-digit revenue growth. Strength in the AI PC category, driven by Windows 11 refresh cycles and increased adoption of AI PC, is likely to have boosted top-line growth.
The ongoing Windows 11 refresh cycle and demand for AI at the edge are also expected to have supported HPQ’s prospects in the fiscal third quarter. Management noted that around 30% of the installed PC base was still on Windows 10 at the end of the fiscal second quarter, leaving room for additional refresh activity. HP also expects structural demand for AI PCs and premium PCs to remain strong as customers increasingly move AI workloads toward the edge for benefits such as lower latency, privacy and lower costs.
Growing customer adoption of gaming experiences is expected to have aided the fiscal third-quarter performance. The company’s wide portfolio of gaming gear, which includes OMEN MAX 16 Gaming Laptop, OMEN 32x Smart Gaming Monitor, HyperX Pulsefire Saga Pro Wireless Gaming Mouse, HyperX Pulsefire Saga Gaming Mouse and OMEN AI, is likely to have boosted HPQ’s gaming sales, contributing to the top line in the to-be-reported quarter.
However, rising memory prices are likely to have weighed on HP’s profitability in the fiscal third quarter. Memory and storage solution providers are redirecting their resources toward high-margin memory used in AI servers and data centers. This shift has tightened supply for standard DRAM and NAND for laptops and desktops, which has pushed memory prices sharply higher. Since memory accounts for a meaningful portion of a PC’s total build cost, rising prices are eroding PC vendors’ margins.
HP expects inflationary pressures beyond memory and storage, including higher oil prices and related transportation costs. In Print, rising resin and transportation costs are expected to have pressured margins in the fiscal third quarter, while incremental hardware placements and normal seasonality are also likely to have weighed on profitability. Management expects Print operating margins to be near the lower end of its long-term range in the third quarter of fiscal 2026.
Earnings Whispers for HPQOur proven model does not conclusively predict an earnings beat for HP this season. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
HPQ has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some stocks you may want to consider in the broader Zacks Computer and Technology sector, as our model shows that these have the right combination of elements to post an earnings beat:
Dell Technologies (DELL - Free Report) has an Earnings ESP of +6.42% and sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies is slated to report second-quarter fiscal 2027 results on Sept. 1. The Zacks Consensus Estimate for DELL’s second-quarter earnings is pegged at $4.88 per share, down by a penny over the past 30 days, indicating a rise of 110.3% from the year-ago quarter’s reported figure.
Hewlett Packard (HPE - Free Report) has an Earnings ESP of +9.96% and carries a Zacks Rank #2 at present.
Hewlett Packard is set to report third-quarter fiscal 2026 results on Sept. 2. The Zacks Consensus Estimate for HPE’s third-quarter earnings is pegged at 94 cents per share, up by a penny over the past 30 days, indicating a rise of 113.6% from the year-ago quarter’s reported figure.
Intuit (INTU - Free Report) has an Earnings ESP of +0.08% and carries a Zacks Rank #3 at present.
Intuit is set to report fourth-quarter fiscal 2026 results on Aug. 25. The Zacks Consensus Estimate for INTU’s fourth-quarter earnings is pegged at $3.59 per share, unchanged over the past 30 days, indicating a rise of 30.6% from the year-ago quarter’s reported figure.
HP potvrdila termín zveřejnění hospodářských výsledků za fiskální Q3 2026 na 26. srpna po uzavření trhu. Společnost zároveň zvýšila výhled a těží z rostoucího podílu AI PC.
Cheap Multiple, Real Dividend, and a Confirmed Catalyst Next Week HP (NYSE:HPQ | HPQ Price Prediction) screens as a compelling setup for retirement-oriented portfolios heading into next Wednesday’s earnings report, and the setup is not subtle. The company confirmed its fiscal Q3 2026 release for Aug. 26 after the market close. Cheap multiple, rising dividend, accelerating AI PC mix. All three lean the same way.
Valuation That Ignores the Guidance Raise HPQ trades at a forward P/E near 10, a price-to-sales ratio of 0.49, and an EV/EBITDA near 8. Management’s raised FY2026 non-GAAP EPS range of $2.90 to $3.10 against a $30 share price still leaves runway, even after a 35.62% year-to-date advance.
Income That Compounds a Retirement Sleeve HPQ pays a $0.30 quarterly dividend, an annualized $1.20, yielding 3.93%. Management committed to returning roughly 100% of free cash flow to shareholders so long as gross leverage stays under two times, backed by FY2026 free cash flow guidance of $2.8 to $3.0 billion. That is a durable, well-covered payout profile.
AI PC Catalyst Is Already Landing AI PC penetration climbed from more than 35% to 44% of HP’s shipment mix in Q2, with management guiding to 60% to 70% next fiscal year. Roughly 30% of the Windows installed base is still on Windows 10, a live refresh tailwind. Q2 revenue rose 9.0% year over year with Personal Systems operating profit up 30%, the eighth consecutive quarter of top-line growth.
Better Buy Than Hewlett Packard Enterprise The obvious alternative for HP-branded exposure is Hewlett Packard Enterprise (NYSE:HPE). HPQ wins the head-to-head on the metrics retirement investors care about: HPQ’s 3.93% yield and forward P/E near 10 deliver more current income and a wider valuation discount than HPE, which trades at a richer multiple after absorbing the Juniper acquisition. HPQ also converts cash faster: $800 million of free cash flow in Q2 alone versus a -$100 million print a year earlier.
Risk Case, Dismissed Printing weakness and rising memory costs are the bear case. Consumer Printing fell 10% year over year, yet total Printing revenue held flat and Personal Systems (roughly 71% of the mix) grew 13%. Management raised guidance after flagging commodity headwinds. That is the tell. Keep an eye on HPQ into the August 26 report.
Contact [email protected] for any questions or corrections.
Shares of HP Inc. (NYSE:HPQ – Get Free Report) have earned an average rating of “Reduce” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.50.
Several brokerages recently issued reports on HPQ. Wells Fargo & Company lifted their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Bank of America upped their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Barclays lifted their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group upped their price objective on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th.
View Our Latest Stock Report on HP
HP Price Performance NYSE:HPQ opened at $29.42 on Friday. HP has a 1-year low of $17.56 and a 1-year high of $32.19. The company has a 50-day moving average of $25.69 and a 200 day moving average of $22.35. The firm has a market cap of $26.91 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 5.05 and a beta of 1.17. HP (NYSE:HPQ – Get Free Report) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts anticipate that HP will post 2.98 EPS for the current fiscal year.
HP Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. HP’s payout ratio is currently 44.28%.
Insider Activity at HP In other HP news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.
Institutional Inflows and Outflows Several large investors have recently modified their holdings of HPQ. IHT Wealth Management LLC lifted its position in shares of HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares in the last quarter. Vident Advisory LLC boosted its position in HP by 0.6% in the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after buying an additional 444 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of HP by 10.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock valued at $110,000 after buying an additional 467 shares during the period. Vise Technologies Inc. raised its position in shares of HP by 2.4% during the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after acquiring an additional 477 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its position in shares of HP by 0.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after acquiring an additional 491 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.
HP Company Profile (Get Free Report)
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.
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BlackRock Inc. acquired a new position in HP Inc. (NYSE:HPQ – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,463,839 shares of the computer maker’s stock, valued at approximately $2,357,757,000. BlackRock Inc. owned approximately 11.75% of HP as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pallas Capital Advisors LLC purchased a new stake in shares of HP in the second quarter worth about $380,000. Deutsche Bank AG acquired a new position in HP during the 2nd quarter worth approximately $140,172,000. Commerzbank Aktiengesellschaft FI purchased a new position in HP in the 2nd quarter worth approximately $80,590,000. Trust Co. of Vermont purchased a new position in HP in the 2nd quarter worth approximately $224,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in HP in the second quarter valued at approximately $49,271,000. Institutional investors and hedge funds own 77.53% of the company’s stock.
HP Trading Up 0.1% Shares of HPQ opened at $29.99 on Thursday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.19. The firm has a market cap of $27.43 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 5.05 and a beta of 1.17. The stock has a 50 day moving average of $25.59 and a 200-day moving average of $22.28.
HP (NYSE:HPQ – Get Free Report) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, sell-side analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year. HP Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders 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 dividend payout ratio (DPR) is presently 44.28%.
Analysts Set New Price Targets HPQ has been the subject of several recent analyst reports. Bank of America raised their target price on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Morgan Stanley increased their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. The Goldman Sachs Group upped their target price on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Finally, Wells Fargo & Company increased their target price on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $23.50.
Get Our Latest Stock Analysis on HPQ
Insider Transactions at HP In other news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction 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 transaction, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock valued at $1,478,622 in the last quarter. Company insiders own 0.18% of the company’s stock.
HP Company Profile (Free Report)
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.
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Bank of America čeká, že HP ponechá celoroční výhled beze změny, ale marže v Personal Systems dál stlačí rostoucí náklady na paměťové čipy. Tržby tohoto segmentu mají ve 3. fiskálním čtvrtletí vzrůst meziročně o 8 %.
HP Inc (NYSE:HPQ) is expected to hold its full-year guidance steady when it reports fiscal third-quarter results on August 26, even as mounting memory chip costs squeeze margins in its Personal Systems business, according to Bank of America.
The bank's analysts see Personal Systems revenue coming in slightly ahead of HP's own guidance, driven by pricing actions and residual demand pull-in, but expect operating margin pressure in the segment to keep building through the back half of the fiscal year.
Bank of America flagged the durability of Personal Systems demand, the supply of memory chips, and the pace of actions to offset memory cost headwinds as the main points of investor debate heading into the print.
For the fiscal fourth quarter, HP has guided Personal Systems margins to their "trough" due to pricing dynamics and a seasonally higher mix of consumer sales, with margins expected to normalize in the first half of fiscal 2027 as pricing actions take hold and easier revenue and margin comparisons kick in.
Bank of America expects HP to guide fourth-quarter revenue down low-single-digit percent due to pull-ins, with Personal Systems margins slightly below 4%, Print margins near the midpoint of the long-term range at roughly 17.5%, and earnings per share of $0.65 to $0.75. The bank said it does not expect a material update on HP's ongoing CEO search.
Bank of America reiterated its Underperform rating on HP, citing slower PC unit growth, margin pressure from memory costs, and uncertainty stemming from the company's leadership transition. Its price objective remains $18, based on 6 times its calendar 2027 EPS estimate of $3.06.
Bank of America expects Personal Systems revenue to rise 8% year-over-year in the fiscal third quarter, better than HP's guidance, before falling low-to-mid-single-digit percent in the fourth quarter on demand pull-in and consumer exposure. It modeled margins at 4.3% and 3.9% for the two quarters, the trough on consumer mix and lagging pricing. Print margins should stay near the low end of HP's 16%-19% range this quarter, improving to 17.5% in the fourth, leaving full-year margins at 17.6%.
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Společnost HPQ Silicon získala pro své lithium-iontové články ENDURA+ Gen4 21700 bezpečnostní certifikaci UL 1642. Kapacita certifikované platformy činí 6 500 mAh, tedy o 8,3 % více než u Gen3.
HPQ ENDURA+ Gen4 21700 lithium-ion cells have successfully achieved UL 1642 safety certification from an accredited independent testing laboratory.UL 1642 certification validates compliance with one of the industry's most widely recognized U.S. safety standards for commercial lithium-ion cells.Gen4 platform certified at 6,500 mAh, representing an 8.3% increase in capacity over HPQ's previously certified Gen3 platform.Certification supports customer qualification programs, battery pack integration, commercial evaluations, and industrial partnership discussions. MONTREAL, July 20, 2026 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in advanced materials innovation and the development of next-generation processes, is pleased to announce that its HPQ ENDURA+ Gen4 21700 lithium-ion cell platform has successfully achieved UL 1642 safety certification, marking another important commercialization milestone for the Company's silicon-anode battery technology.
The certification, awarded by an accredited independent laboratories, confirm that HPQ's latest-generation cell platform complies with internationally recognized UL 1642, one of the industry's most widely recognized safety standards applicable to commercial lithium-ion cells. UL 1642 certification supports customer qualification, battery pack integration, and commercial evaluation activities by prospective industrial partners.
Cylindrical GEN4 HPQ Endura+ Cells
The achievement builds on HPQ's previously certified Gen3 cell platform and demonstrates the Company's ability to successfully certify successive generations of its battery technology while continuing to improve performance. Compared with the certified Gen3 21700 cell, which delivers 6,000 mAh, the Gen4 cell platform is certified at 6,500 mAh, representing an 8.3% increase in capacity, while successfully meeting the requirements of UL 1642 safety certification. This progression highlights HPQ's ability to advance battery performance without compromising the safety and reliability required for commercial deployment.
As global demand accelerates for higher-energy lithium-ion batteries across mobility, energy storage, telecommunications, defense, robotics, and industrial applications, manufacturers are increasingly seeking battery technologies that combine improved performance with compatibility across existing manufacturing infrastructure. Independent certification provides customers, integrators, and OEMs with additional confidence as they evaluate next-generation cell platforms for commercial applications.
"Independent certification is one of the most important steps in transforming an advanced battery technology into a commercially viable product," said Bernard Tourillon, Chairman, President and CEO of HPQ Silicon Inc. "Successfully certifying our next-generation HPQ ENDURA+ platform demonstrates that we can continue increasing battery performance while meeting one of the industry’s most widely recognized safety standards for commercial lithium-ion cells. This milestone further strengthens our commercialization strategy by providing customers and industrial partners with greater confidence as they evaluate our technology for future applications."
The successful certification of successive HPQ ENDURA+ cell generations also reflects the continued advancement of the Company's collaboration with Novacium, whose silicon-based anode technology is designed to increase energy density while remaining compatible with conventional lithium-ion cell manufacturing processes. This compatibility represents an important commercial advantage by supporting adoption without requiring manufacturers to redesign existing production infrastructure.
With certification complete, HPQ will continue supporting customer evaluation programs, qualification activities, battery pack integration, and commercial discussions with prospective industrial partners across targeted high-value markets. These efforts represent the next phase in the Company's strategy to commercialize the HPQ ENDURA+ platform and expand opportunities for its next-generation silicon-anode battery technology.
The Company continues to advance additional certification activities supporting broader commercial deployment.
To complement this announcement, HPQ has published a technical Insight article titled " Why UL 1642 Certification Is an Important Commercial Milestone for Next-Generation Lithium-Ion Batteries.”
The article provides a detailed review of the engineering principles, testing protocols, and commercial significance of these internationally recognized certification standards, along with an analysis of what HPQ's latest certification milestone means for the commercialization of its HPQ ENDURA+ silicon-anode cell platform.
Read the article here.
About HPQ Silicon
HPQ Silicon Inc. is a Quebec-based TSX Venture Exchange industrial issuer (TSX-V: HPQ) focused on innovation in advanced materials and critical process development. In partnership with its research and development partner Novacium—of which HPQ is a shareholder—the Company is advancing next-generation silicon-based anode materials and commercializing HPQ ENDURA+ lithium-ion battery platforms incorporating Gen3 and Gen4 technologies, commercializing its ENDURA+ lithium-ion cells, and developing breakthrough clean-hydrogen and waste-to-energy technologies, for which HPQ holds exclusive North American rights.
HPQ is also pursuing proprietary technologies to become a low-cost, zero-CO₂ producer of fumed silica with technical support from PyroGenesis Inc. Together, these initiatives position HPQ to capture growth opportunities in the energy storage, clean hydrogen, and advanced materials markets essential to achieving global net-zero goals.
For more information, please visit HPQ Silicon web site.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements. These statements rely on assumptions about technology performance, market demand, permits, financing, supply chains, and economic conditions but remain subject to significant risks, including delays, regulatory challenges, competition, pricing, financing availability, and macroeconomic uncertainties. Actual outcomes may differ materially from expectations. Detailed risk factors are outlined in HPQ’s Annual Information Form available on SEDAR+. Forward-looking information is provided solely to outline management’s future expectations and objectives.
A more detailed cautionary note regarding forward-looking information related to the HPQ Endura+ batteries project is available for download [here],
Further information regarding the Company is available in the SEDAR+ database (www.sedarplus.ca), and on the Company’s website at: http://www.hpqsilicon.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Source: HPQ Silicon Inc.
For further information contact:
Bernard J. Tourillon, BAA – MBA Chairman, President, and CEO
Tel +1 (514) 846-3271 / Email: [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f0b3d934-1003-4176-b2ca-1bf22d072c1a
HP Inc. oznámila strategické partnerství s OpenAI a začne v podniku nasazovat platformu Frontier napříč svým byznysem. HP patří mezi první globální podniky, které ji přijaly.
HP Inc. will deploy powerful AI-driven solutions with OpenAI Frontier to help drive HP transformation and growth initiatives The Frontier platform will be used across HP’s business, to enhance customer-facing experiences and internal operations The Frontier strategic partnership supports HP’s efforts to deliver an advanced telemetry platform with WXP, a recognized Gartner magic quadrant leader, enabling a connected device layer for the AI era PALO ALTO, Calif., June 28, 2026 (GLOBE NEWSWIRE) -- Today, HP Inc. (NYSE: HPQ) announced the launch of a strategic partnership with OpenAI, integrating its Frontier platform into HP’s global efforts to shape the Future of Work through enhanced customer-facing experiences and accelerated transformation across its operations.
“With OpenAI there is an opportunity to fundamentally rethink how AI can deliver better outcomes. With the use of Frontier platform, HP is planning to build a more consistent experience across store, partner, chat, and voice experiences, giving customers and partners faster ways to get answers, complete routine workflows, and move toward resolution. It reflects the ambition of our AI strategy to deliver real-world outcomes at scale,” said Prakash Arunkundrum, chief strategy and transformation officer, HP Inc.
HP has become one of the first global enterprises to adopt the Frontier platform to fuel its transformation. While specific use cases will be refined and added as the strategic partnership rolls out, HP’s aim is to deploy AI-driven solutions across areas that include:
Customer- and partner-facing solutions and experiencesCustomer telemetry insights, enabled through HP’s market leading WXP solution, and reportingEmployee productivity Software development “HP is showing what enterprise transformation looks like when AI becomes an operating layer - connected to the systems and workflows where work already happens,” said Denise Dresser, chief revenue officer at OpenAI. “HP has been an exceptional early partner, turning early value from OpenAI APIs and tools like ChatGPT and Codex into repeatable systems. We're thrilled to go deeper with them as they move beyond Frontier pilots to deliver measurable business impact at scale.”
The launch of the Frontier strategic partnership follows an exploratory period started in February 2026, in which HP worked with OpenAI to conduct a comprehensive evaluation of Frontier and its capabilities. HP assessed technical capabilities, use cases, and strategic alignment with company priorities through pilots of agentic capabilities, platform components, security, and enterprise integration.
Based on this evaluation, HP has determined OpenAI offers best-in-class models with a compelling vision for agent-based capabilities. With the Frontier strategic partnership underway, the two companies now plan to co-develop future use cases and ensure they meet HP’s rigorous enterprise standards, particularly around data integration, governance, and security. For HP, AI is becoming a new layer for how work gets done across the company. With OpenAI Frontier, that layer is being built with the context, governance, and execution capacity needed to move from early wins to enterprise-wide transformation.
Shaping the Future of Work for the AI Era
AI will change how people work. As AI tools get more powerful, HP believes that humans and AI agents will work together to unlock a new era of innovation and productivity. To prepare for this future, HP is innovating a suite of agentic AI Devices that seamlessly integrate into existing workflows, increasing employee efficiency. For AI Workloads that require always-on inference, HP is building devices with dedicated hardware optimized to run agentic AI workloads 24x7, creating the technology layer customers need to achieve their AI vision.
HP’s customers are building their workspaces to include PCs, workstations, printers, and collaboration solutions that work together to deliver powerful AI experiences, all secured and managed by the Workforce Experience Platform (WXP). WXP, a Leader in the 2026 Gartner® Magic Quadrant™ for Digital Employee Experience Management Tools, offers a ‘single pane of glass’ that can manage entire fleets of devices and provide the peace of mind CIOs and IT managers need as they define this AI future for their organizations.
HP is the surface where work gets done. As we move into an AI-driven era of technological advancement, HP brings AI to the edge, where work happens — not just where data is processed. That is the future of work.
About HP
HP Inc. (NYSE: HPQ) is a global technology leader redefining the Future of Work. Operating in more than 180 countries, HP delivers innovative and AI-powered devices, software, services, and subscriptions that drive business growth and professional fulfillment. For more information, please visit: HP.com.
Forward-Looking Statements
This press release contains forward-looking statements based on current expectations and assumptions that involve risks, uncertainties, and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to, statements regarding the partnership between HP and OpenAI, the expected benefits of the partnership, the impact of the partnership on HP’s business, future opportunities, and any other statements regarding HP’s future expectations, beliefs, plans, objectives, or future events or performance. Forward-looking statements can also generally be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will,” “would,” “could,” “can,” “may,” and similar terms. Our forward-looking statements involve significant risks and uncertainties (may of which are beyond HP’s control) including the factors described in the Annual Report on Form 10-K for the fiscal year ended October 31, 2025, and HP’s other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are made as of the date of this document and HP assumes no obligation and does not intend to update these forward-looking statements.
HPQ podepsala s LN Innov' a Novacium nezávazný dopis o záměru (LOI) za účelem posouzení kanadské platformy pro baterie a elektrický pohon pro drony, robotiku a obranu v Severní Americe. HPQ v Novacium drží 36,8% podíl a exkluzivní severoamerická komerční práva.
HPQ signed an LOI with LN Innov' and Novacium SAS to evaluate a Canadian-based platform integrating advanced batteries, electric motors and propulsion systems for North American drone and defense markets. HPQ has direct exposure to the proposed platform through their 36.8% equity interest in Novacium SAS and exclusive North American commercialization rights. More than 20 customers have tested LN Innov electric propulsion systems, and more than a dozen have subsequently placed commercial orders. LN Innov is presently scaling up its manufacturing capacity to reach up to 20,000 drone motors per month in France by the end of Q3 2026. Novacium's advanced battery technologies are currently being evaluated by French drone manufacturers introduced through LN Innov for potential integration into future drone platforms. , /PRNewswire/ - HPQ Silicon Inc. ("HPQ" or the "Company") (TSXV: HPQ) (OTCQB: HPQFF) (FRA: O08), a technology company specializing in advanced materials innovation and next-generation industrial processes, today announced that it signed a Letter of Intent ("LOI") with LN Innov' ("LN Innov"), a French developer and manufacturer of high-performance electric propulsion systems, and Novacium SAS ("Novacium") on June 16 2026, during the 2026 edition of the Eurosatory exhibition in Paris, France.
HPQ holds a 36.8% equity interest in Novacium and exclusive North American commercialization rights to its technologies.
"As drones become increasingly critical across commercial, industrial and defense applications, governments and industry are recognizing that batteries and electric propulsion systems have become strategic technologies," said Bernard Tourillon, President and CEO of HPQ Silicon. "Today, much of that supply chain remains concentrated in Asia, creating vulnerabilities that many jurisdictions are actively working to reduce. Through our partnership with Novacium and this new collaboration with LN Innov, we have an opportunity to evaluate the adaptation of an industrial model currently being deployed in Europe for North American markets, combining advanced battery technologies with proven electric propulsion expertise. For HPQ, this represents another step in our broader strategy of identifying innovative technologies with demonstrated market potential and positioning the Company to assess potential commercialization opportunities across North America."
Scope of the LOI
The LOI establishes a framework for HPQ, Novacium and LN Innov to evaluate, over the next 190 days, the feasibility of establishing a Canadian-based platform integrating Novacium's battery technologies, to be sold under the HPQ ENDURA+ brand and LN Innov's electric propulsion systems for drone, robotics and defense markets across North America.
The parties have already completed preliminary technical reviews that supported the decision to enter into this LOI. The evaluation contemplated under the LOI will focus primarily on industrialization, manufacturing, supply-chain requirements, certification pathways, target applications, business structure and potential commercialization strategies for North American markets.
The LOI is non-binding, does not grant exclusivity and does not include financial commitments, payment obligations or minimum purchase requirements. Any future collaboration would remain subject to further evaluation and the negotiation of definitive agreements.
Any future collaboration would remain subject to further evaluation and the negotiation of definitive agreements.
There can be no assurance that the evaluation activities contemplated by the LOI will result in the execution of a definitive agreement or any commercial arrangement between the parties.
LN Innov' Sovereign High-Performance Electric Propulsion Platform
Electric motors are at the heart of every autonomous platform, directly influencing performance, efficiency and thrust-to-weight ratio. LN Innov' develops and manufactures high-performance propulsion systems for a broad range of applications, including FPV drones, interception systems, surveillance platforms and payload-delivery drones.
More than 20 customers operating in the drone, robotics and defense sectors have tested LN Innov's electric motors under operating conditions, and more than a dozen customers have subsequently placed commercial orders.
These activities support LN Innov's ongoing efforts to expand its production capacity in France, with the objective of scaling its manufacturing capability to up to 20,000 drone motors per month by the end of Q3 2026. The parties intend to evaluate whether elements of this industrial model could be adapted for North American markets.
"We are still at the beginning of this adventure, but the market signals are encouraging," said Nathalie Mazeau, President of LN Innov'. "Having more than 20 customers test our motors and seeing more than a dozen subsequently place orders provides valuable feedback regarding the performance of our technology. This Letter of Intent creates an opportunity to explore how our industrial and technological expertise, combined with Novacium's advanced battery technologies and HPQ's North American presence, could contribute to the development of an electric propulsion ecosystem in North America."
As drone adoption continues to expand across commercial, industrial and defense applications, operators seek battery solutions that balance energy density, reliability, safety and manufacturability.
Novacium is developing silicon-enhanced battery technologies intended for drone and autonomous-system applications. As part of its ongoing development activities, Novacium has produced battery configurations designed to meet operating requirements commonly used in current drone platforms, including systems delivering approximately 15 Ah capacity, 21.3 V nominal voltage and energy densities near 205 Wh/kg.
Novacium's advanced silicon-enhanced battery technologies are being developed to meet these requirements while providing a pathway toward future higher-energy-density solutions.
Novacium's battery technologies are currently being evaluated by industrial and defense-sector participants to assess their suitability for integration into future drone and autonomous-system platforms.
The proposed collaboration with LN Innov provides an opportunity to evaluate the integration of Novacium's advanced battery technologies, marketed under the HPQ ENDURA+ brand, into complete electric propulsion systems for drone, robotics and autonomous-system applications in North America.
"One of the most important developments in our battery program is that manufacturers are evaluating our technologies against defined operational requirements," said Jed Kraiem, COO of Novacium. "The collaboration with LN Innov creates an opportunity to assess how advanced battery technologies and high-performance electric propulsion systems can be combined into integrated solutions for drone, robotics and autonomous-system applications."
About HPQ Silicon
HPQ Silicon Inc. is a Quebec-based TSX Venture Exchange industrial issuer (TSX-V: HPQ) focused on innovation in advanced materials and critical process development. In partnership with its research and development partner Novacium—of which HPQ is a shareholder—the Company is advancing next-generation silicon-based anode materials (Gen3 and Gen4) for batteries, commercializing its ENDURA+ lithium-ion cells, and developing breakthrough clean-hydrogen and waste-to-energy technologies, for which HPQ holds exclusive North American rights.
HPQ is also pursuing proprietary technologies to become a low-cost, zero-CO₂ producer of fumed silica with technical support from PyroGenesis Inc. Together, these initiatives position HPQ to capture growth opportunities in the energy storage, clean hydrogen, and advanced materials markets essential to achieving global net-zero goals.
For more information, please visit HPQ Silicon web site.
About NOVACIUM SAS
Novacium is an innovative technology start-up created in 2022, in France. It is an engineering and R&D company dedicated to materials for energy, with a specialization in silicon and hydrogen. Novacium is developing 2 technologies. The first concerns a new silicon-based anode material that significantly increases the capacity of Li-ion batteries. Novacium's second activity is the generation of hydrogen. Novacium is developing an autonomous hydrogen generation system for civil and military applications fueled by a patented alloy based on silicon and aluminum.
About LN Innov'
LN Innov' is a French technology company specialized in high-performance electric propulsion systems for drones and unmanned platforms. The company develops next-generation motors and integrated propulsion solutions delivering industry-leading power-to-weight ratios, efficiency and reliability. Through its Groupe Moto-Propulseur strategy, LN Innov' is building a complete ecosystem integrating batteries, power electronics, motors and propulsion
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements. These statements rely on assumptions about technology performance, market demand, permits, financing, supply chains, and economic conditions but remain subject to significant risks, including delays, regulatory challenges, competition, pricing, financing availability, and macroeconomic uncertainties. Actual outcomes may differ materially from expectations. Detailed risk factors are outlined in HPQ's Annual Information Form available on SEDAR+. Forward-looking information is provided solely to outline management's future expectations and objectives.
A more detailed cautionary note regarding forward-looking information related to the HPQ Endura+ batteries project is available for download [here].
Further information regarding the Company is available in the SEDAR+ database (www.sedarplus.ca), and on the Company's website at: http://www.hpqsilicon.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
