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HP Inc. (HPQ) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

News Highlights:

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
https://www.globenewswire.com/NewsRoom/AttachmentNg/a0b39f3b-f315-4737-a3fe-e555d6f0652c
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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.

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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 #2 (Buy) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Computer and Technology stock. HPQ has a Momentum Style Score of A, and shares are up 10.7% over the past four weeks.

Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.22 to $3.20 per share. HPQ also boasts an average earnings surprise of +9.4%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, HPQ should be on investors' short list.

Have you evaluated the performance of HP's (HPQ - Free Report) international operations for the quarter ending July 2026? Given the extensive global presence of this personal computer and printer maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.

In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.

Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.

While analyzing HPQ's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.

The company's total revenue for the quarter stood at $15.68 billion, increasing 12.5% year over year. Now, let's delve into HPQ's international revenue breakdown to gain insights into the significance of its operations beyond home turf.

Unveiling Trends in HPQ's International RevenuesEurope, Middle East and Africa accounted for 33.1% of the company's total revenue during the quarter, translating to $5.18 billion. Revenues from this region represented a surprise of +4.56%, with Wall Street analysts collectively expecting $4.96 billion. When compared to the preceding quarter and the same quarter in the previous year, Europe, Middle East and Africa contributed $4.97 billion (34.5%) and $4.5 billion (32.3%) to the total revenue, respectively.

Of the total revenue, $4.01 billion came from Asia-Pacific and Japan during the last fiscal quarter, accounting for 25.6%. This represented a surprise of +12.37% as analysts had expected the region to contribute $3.57 billion to the total revenue. In comparison, the region contributed $3.58 billion, or 24.9%, and $3.32 billion, or 23.9%, to total revenue in the previous and year-ago quarters, respectively.

Anticipated Revenues in Overseas MarketsFor the current fiscal quarter, it is anticipated by Wall Street analysts that HP will post revenues of $14.8 billion, which reflects an increase of 1.1% the same quarter in the previous year. The revenue contributions are expected to be 34.2% from Europe, Middle East and Africa ($5.06 billion), and 24.6% from Asia-Pacific and Japan ($3.64 billion).

Analysts expect the company to report a total annual revenue of $58.78 billion for the full year, marking an increase of 6.3% compared to last year. The expected revenue contributions from Europe, Middle East and Africa and Asia-Pacific and Japan are projected to be 34.4% ($20.21 billion), and 24.5% ($14.43 billion) of the total revenue, in that order.

Final ThoughtsThe dependency of HP on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.

In an environment where global interconnections and geopolitical skirmishes are intensifying, Wall Street analysts keep a keen eye on these trends, particularly for firms with overseas operations, to adjust their earnings predictions. Moreover, a range of other aspects, including how a company fares in its home country, significantly affects these projections.

Here at Zacks, we put a great deal of emphasis on a company's changing earnings outlook, as empirical research has shown that's a powerful force driving a stock's near-term price performance. Quite naturally, the correlation is positive here -- an upward revision in earnings estimates drives the stock price higher.

Boasting a remarkable track record that's been externally verified, the Zacks Rank, our unique stock rating system, leverages changes in earnings projections to function as a reliable gauge for predicting short-term stock price movements.

HP, bearing a Zacks Rank #2 (Buy), is expected to outperform the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

A Look at HP's Recent Stock Price PerformanceOver the preceding four weeks, the stock's value has appreciated by 11.9%, against an upturn of 3.9% in the Zacks S&P 500 composite. In parallel, the Zacks Computer and Technology sector, which counts HP among its entities, has appreciated by 7.5%. Over the past three months, the company's shares have seen an increase of 19.3% versus the S&P 500's 2.2% increase. The sector overall has witnessed a decline of 2.9% over the same period.

HP Inc (NYSE:HPQ) reported third-quarter revenue and profit that beat analyst estimates and raised its full-year forecast, but shares fell 10.5% as investors weighed the results against expectations.

The personal computer and printer maker posted revenue of $15.7 billion for the quarter, up 12.5% from a year earlier and above the $14.38 billion analysts had estimated.

Adjusted earnings came in at $0.83 per share, topping the $0.69 estimate and up 11% year-over-year. Free cash flow reached $1.6 billion, far exceeding the $597 million forecast.

HP raised its full-year adjusted earnings guidance to a range of $3.19 to $3.29 per share, above the $3.04 analysts had projected. The company also lifted its free cash flow outlook to $3 billion to $3.2 billion, compared with estimates of $2.89 billion. GAAP earnings per share are now expected to range from $2.52 to $2.62.

For the fourth quarter, HP guided adjusted earnings per share of $0.69 to $0.79, above the $0.67 estimate, with GAAP earnings per share expected between $0.74 and $0.84.

By segment, Personal Systems revenue rose 18% year-over-year to $11.8 billion, while Printing revenue fell 2% to $3.9 billion.

GAAP operating margin was 5.7%, up 0.6 percentage points from a year earlier, while non-GAAP operating margin declined 0.6 percentage points to 6.5%. Net cash provided by operating activities totaled $1.7 billion.

The company returned $0.6 billion to shareholders during the quarter, including $300 million in share repurchases and a dividend of $0.30 per share.

"In the third quarter we increased both total sales and share in premium products and continued to attract new customers with innovations in WXP, Print, workstations and AI PCs. Our ongoing strategy to address environmental constraints led to meaningful improvements in memory supply and higher fulfillment rates," said Bruce Broussard, Interim CEO, HP Inc (NYSE:HPQ).

"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."

HP (HPQ - Free Report) reported $15.68 billion in revenue for the quarter ended July 2026, representing a year-over-year increase of 12.5%. EPS of $0.83 for the same period compares to $0.75 a year ago.

The reported revenue represents a surprise of +5.59% over the Zacks Consensus Estimate of $14.85 billion. With the consensus EPS estimate being $0.75, the EPS surprise was +10.67%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how HP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Days in accounts payable: 151.00 Days versus 141.00 Days estimated by two analysts on average.Days of sales outstanding in accounts receivable: 41.00 Days versus the two-analyst average estimate of 34.00 Days.Days of supply in inventory: 73.00 Days versus 69.50 Days estimated by two analysts on average.Net revenue- Personal Systems- Commercial PS: $8.58 billion compared to the $7.67 billion average estimate based on two analysts. The reported number represents a change of +21.9% year over year.Net revenue- Personal Systems- Consumer PS: $3.19 billion versus the two-analyst average estimate of $3.24 billion. The reported number represents a year-over-year change of +10.1%.Net revenue- Personal Systems: $11.77 billion compared to the $10.91 billion average estimate based on two analysts. The reported number represents a change of +18.5% year over year.Net revenue- Printing- Supplies: $2.54 billion versus $2.58 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.Net revenue- Printing- Commercial Printing: $1.1 billion versus the two-analyst average estimate of $1.07 billion. The reported number represents a year-over-year change of -1.1%.Net revenue- Printing- Consumer Printing: $275 million versus $248.83 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.2% change.Net revenue- Printing: $3.91 billion versus the two-analyst average estimate of $3.9 billion. The reported number represents a year-over-year change of -1.9%.Earnings from operations- Personal Systems: $537 million compared to the $539.53 million average estimate based on two analysts.Earnings from operations- Corporate Investments: $-28 million versus the two-analyst average estimate of $-66.23 million.View all Key Company Metrics for HP here>>>

Shares of HP have returned +4.4% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

HP Inc. (HPQ) Q3 2026 Earnings Call Transcript

Stock futures are mixed, with Nasdaq futures up triple digits after Nvidia earnings

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.

Key Takeaways HP posted Q3 revenues of $15.68B, up 12.5%, led by record Personal Systems revenue growth.AI PCs reached 46% of shipments, with HP targeting 50% by fiscal 2026-end and 60-70% in fiscal 2027.HP raised FY26 non-GAAP EPS guidance to $3.19-$3.29 and free cash flow to $3-$3.20B. HP Inc. (HPQ - Free Report) 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.

HPQ’s Zacks Rank & Stocks to ConsiderHPQ currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector include Dell Technologies (DELL - Free Report) , Docusign (DOCU - Free Report) and Hewlett Packard Enterprise (HPE - Free Report) . While Dell Technologies sports a Zacks Rank #1 (Strong Buy), Docusign and Hewlett Packard Enterprise carry a Zacks Rank of 2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

DELL shares have skyrocketed 268.4% in the year-to-date period. Dell Technologies is set to report second-quarter fiscal 2027 results on Sept. 1.

Shares of DOCU have plunged 13.3% year to date. Docusign is set to report the second-quarter fiscal 2027 results on Sept. 3.

Shares of HPE have rallied 129.9% year to date. Hewlett Packard Enterprise is slated to report third-quarter fiscal 2026 results on Sept. 2.

HP Inc. (NYSE:HPQ) posted upbeat results for the third quarter and raised its FY2026 earnings forecast on Wednesday.

HP reported quarterly earnings of 83 cents per share, which beat the analyst estimate of 69 cents. Quarterly revenue came in at $15.68 billion, which beat the Street estimate of $14.43 billion and was up from $13.93 billion in the same period last year.

"In the third quarter we increased both total sales and share in premium products and continued to attract new customers with innovations in WXP, Print, workstations and AI PCs. Our ongoing strategy to address environmental constraints led to meaningful improvements in memory supply and higher fulfillment rates," said Bruce Broussard, Interim CEO of HP.

HP raised its fiscal 2026 adjusted EPS guidance to a new range of $3.19 to $3.29, versus the $3.04 analyst estimate.

HP shares fell 3.8% to trade at $29.33 on Thursday.

These analysts made changes to their price targets on HP following earnings announcement.

Morgan Stanley analyst Erik Woodring maintained the stock with an Underweight rating and raised the price target from $17 to $19. UBS analyst David Vogt maintained the stock with a Neutral and raised the price target from $26 to $28. TD Cowen analyst Krish Sankar maintained the stock with a Hold and boosted the price target from $26 to $30. Trending

Considering buying HPQ stock? Here’s what analysts think:

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HP (HPQ +3.00%), a personal computers and printing hardware provider, closed at $29.62, down 2.93%. Investors focused on weak PC shipment trends and margin pressure from higher memory and commodity costs, while watching component costs and PC demand. Trading volume reached 38.4M shares, coming in about 118% above its three-month average of 17.6M shares.

How the markets moved todayS&P 500 (^GSPC -0.25%) closed at 7,730, up 0.71%, and the Nasdaq Composite (^IXIC -0.52%) closed at 26,541, up 1.57%. Among personal computers, printers, and related technology hardware names, Dell Technologies (DELL -3.39%) closed at $471.80, up 1.72%, while Apple (AAPL +1.63%) closed at $314.58, up 0.36%, highlighting a firmer tone for sector rivals despite HP's decline.

What this means for investorsHP reported sales and adjusted EPS growth of 13% and 11% in Q3, easily surpassing Wall Street estimates, but the stock dipped 3% today regardless. Even accounting for a tariff benefit, HP still beat expectations for the quarter. However, despite raising guidance to generate roughly $3.1 billion in free cash flow this year, HPQ stock slid as PC shipments declined 16% and margins contracted. Most of HP's sales growth came from price increases implemented to offset soaring input costs.

That said, I'd argue Q3's growth shows a decent bit of pricing power, even if shipments dropped, but it's not a long-term solution. Furthermore, HP's AI PC unit posted double-digit sales growth and now accounts for 46% of its PC business. Management believes this figure will exceed 70% by 2028, providing the company with a few years of promising replacement-cycle opportunities.

Trading at 10 times forward earnings and guiding to earning $3.1 billion in FCF versus an enterprise value of $33 billion, HPQ stock remains quite cheap, but operates in a brutally competitive industry.

Investors were reassessing HP's (NYSE: HPQ) recently published fiscal third-quarter earnings report, and, given that the stock rose on Friday, it seems they've become more bullish on the company's prospects. This was helped by another in a series of post-earnings analyst price target hikes.

The veteran tech hardware company's shares closed that trading session 3% higher, in contrast to the S&P 500 index's 0.2% decline.

Not willing to go long Well before market open that day, Barclays pundit Tim Long lifted his HP fair value assessment to $23 per share, notably up from his preceding $19. He's still a bear on the tech stock, however, as he maintained his underweight (i.e., sell) recommendation.

Image source: Getty Images.

According to reports, Long unsurprisingly made his adjustment because of that earnings report. HP did much better than many analysts had projected, with the major caveat that its fundamentals received a big shot in the arm from federal tariff rebates.

In his update, the analyst said that HP's sales of personal systems -- a longtime strength -- were impressive. However, he waxed negative about the company's performance in the printer category, and said its margins were under pressure.

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Same as it ever was? In all likelihood, that tariff situation won't recur, so HP will have to slog it out as a seller of traditional PC hardware and printers. We're long past the growth years of such products, and while the company has done a good job improving the fundamentals regardless, I don't envision any sudden jumps in its business. HP isn't a compelling stock, in my view.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends HP. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.

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.

Wall Street analysts expect HP (HPQ - Free Report) to post quarterly earnings of $0.66 per share in its upcoming report, which indicates a year-over-year decline of 12%. Revenues are expected to be $14.6 billion, up 4.8% from the year-ago quarter.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Bearing this in mind, let's now explore the average estimates of specific HP metrics that are commonly monitored and projected by Wall Street analysts.

The consensus among analysts is that 'Net revenue- Personal Systems- Commercial PS' will reach $7.64 billion. The estimate points to a change of +8.6% from the year-ago quarter.

Analysts expect 'Net revenue- Personal Systems- Consumer PS' to come in at $3.04 billion. The estimate indicates a change of +5% from the prior-year quarter.

The combined assessment of analysts suggests that 'Net revenue- Personal Systems' will likely reach $10.68 billion. The estimate points to a change of +7.6% from the year-ago quarter.

Based on the collective assessment of analysts, 'Net revenue- Printing- Supplies' should arrive at $2.59 billion. The estimate suggests a change of -0.6% year over year.

The consensus estimate for 'Net revenue- Printing- Commercial Printing' stands at $1.11 billion. The estimate points to a change of +0.1% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Net revenue- Printing- Consumer Printing' of $268.46 million. The estimate indicates a change of -0.2% from the prior-year quarter.

According to the collective judgment of analysts, 'Net revenue- Printing' should come in at $3.97 billion. The estimate indicates a year-over-year change of -0.4%.

Analysts predict that the 'Days in accounts payable' will reach 141 days. Compared to the current estimate, the company reported 138 days in the same quarter of the previous year.

It is projected by analysts that the 'Days of sales outstanding in accounts receivable' will reach 34 days. The estimate compares to the year-ago value of 33 days.

Analysts' assessment points toward 'Days of supply in inventory' reaching 70 days. Compared to the current estimate, the company reported 68 days in the same quarter of the previous year.

Analysts forecast 'Cash conversion cycle' to reach 38 days. Compared to the present estimate, the company reported 37 days in the same quarter last year.

The average prediction of analysts places 'Earnings from operations- Personal Systems' at $489.05 million. The estimate is in contrast to the year-ago figure of $541.00 million.

View all Key Company Metrics for HP here>>>

Shares of HP have experienced a change of +20.2% in the past month compared to the +2.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), HPQ is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

News Highlights:

HyperX’s first open-back gaming headset, Cloud Alpha Air combines a wide, lifelike soundstage with innovative Bass Tube technology that preserves the impactful low-end audio players crave.Built around an ultra-light 47-gram carbon-infused shell, the Pulsefire Haste 3 Pro pairs premium materials with the new HyperX Performance Sensor to deliver exceptional speed, precision, and reliability. LOS ANGELES, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Today at Level Awakening 2026, HyperX unveiled its newest lineup of gaming gear built for players who refuse to compromise. Headlined by the new HyperX Cloud Alpha Air gaming headset and HyperX Pulsefire Haste 3 Pro wireless gaming mouse, the latest portfolio reflects HyperX’s continued commitment to helping gamers unlock their edge through superior immersion, precision, communication, and performance.

Inspired by the belief that great gear should elevate every aspect of gameplay, HyperX is expanding its ecosystem with products designed to help players get more out of every gaming moment. Whether climbing ranked ladders, chasing highlight clips, streaming to an audience, or competing on the biggest stage, HyperX is focused on creating gear that upgrades the player, not just the setup.

“Gamers don’t just buy gear, they build identities around how they play,” said Josephine Tan, Senior Vice President and Division President, Gaming Solutions at HP Inc. “At HyperX, we believe great gaming is more than performance. It’s about immersion, self-expression, connection, and fun. With Cloud Alpha Air, Pulsefire Haste 3 Pro, and the latest additions to our ecosystem, we’re creating products that help gamers get more out of every moment and enhance the player, not just the hardware.”

HyperX Cloud Alpha Air: The Open-Back That Keeps the Bass

For years, gamers interested in open-back headsets faced a painful choice: expansive, natural sound or the deep bass that brings games to life. With the new HyperX Cloud Alpha Air, HyperX set out to eliminate that tradeoff entirely. As HyperX’s first open-back gaming headset, Cloud Alpha Air combines a wide, lifelike soundstage with innovative Bass Tube technology that preserves the impactful low-end audio players crave.

The result is a headset designed to help gamers hear the details that matter most: from distant footsteps and directional audio cues to subtle environmental effects that can mean the difference between victory and defeat. Built for power players, competitive gamers, and creators alike, Cloud Alpha Air delivers enhanced positional awareness, immersive sound, all-day comfort, and extensive audio customization through HyperX NGENUITY software.(1)

Whether you’re clutching a final-round victory in a tactical shooter, tracking movement across the map in a battle royale, or getting lost in a sprawling RPG world, Cloud Alpha Air delivers a more immersive listening experience with greater positional awareness and a wider, more natural soundstage.

HyperX Pulsefire Haste 3 Pro: Pro Performance. Superlight Carbon.

When every millisecond matters, gear needs to disappear and performance needs to take over. That’s the idea behind the new HyperX Pulsefire Haste 3 Pro, HyperX’s lightest wireless gaming mouse.

Built around an ultra-light 47-gram carbon-infused shell, the Pulsefire Haste 3 Pro pairs premium materials with the new HyperX Performance Sensor to deliver exceptional speed, precision, and reliability. With up to 42,000 DPI sensitivity, speeds up to 800 IPS, and support for up to 70G acceleration, the mouse is engineered to keep up with the fastest flick shots, tracking movements, and split-second reactions from the most competitive players.

Combined with battery life that reaches up to 150 hours at 1K polling and up to 35 hours at 8K polling, Pulsefire Haste 3 Pro is designed for marathon sessions, tournament competition, and players who intend to stay in the grind long after everyone else logs off.(2)

For the gamers pushing for the next rank, chasing the next win streak, or trying to land that perfect flick, Haste 3 Pro was built to feel like a natural extension of the player.

The HyperX Ecosystem Levels Up

The grind doesn’t stop with Cloud Alpha Air and Pulsefire Haste 3 Pro. HyperX is dropping a full squad of new gear built for clutch comms, cracked aim, all-night sessions, and players looking to elevate every aspect of their game.

HyperX SoloCast 2 Pro: Pro-Level Sound. Compact Design.

Whether checking-in with the team, leading a raid, or streaming to an audience, communication matters. SoloCast 2 Pro features upgraded dual-condenser capsules, built-in vibration dampening, a built-in pop filter, microphone monitoring, and advanced NGENUITY controls(4) to deliver clear, pro-level voice capture without the complexity of traditional studio setups.

HyperX Pulsefire Haste 3 Wireless: Competitive Edge. Wireless Freedom.

Built for players who want competitive-grade performance without the leash, Pulsefire Haste 3 Wireless combines the HyperX Performance Sensor, low-latency wireless connectivity, extended battery life, and deep NGENUITY customization. Whether you’re climbing ranked ladders, dropping into battle royales, or grinding late into the night, Haste 3 Wireless is ready to go the distance.

HyperX Pulsefire Haste 3 Wired: Ultra-Lightweight. Competition Ready.

For players who trust a wired connection when the stakes are highest, Pulsefire Haste 3 Wired delivers HyperX’s lightest wired mouse yet. Lightweight, responsive, and competition-ready, it’s built for flick shots, fast tracking, laser-focused precision, and game-winning plays.

OMEN 35L: Lose yourself in the Game, not the Noise

Your advantage starts here with our first HyperX OMEN 35L Gaming Desktop with AMD. Built with up to an AMD Ryzen™ 9 9950X3D, NVIDIA® GeForce RTX™ 5080 or AMD Radeon RX 9070 XT graphics, and OMEN AI for one-click maximum FPS(5). Then when it’s time to upgrade, our industry standard HyperX Components are here to enhance, boost, and power up your performance without distractions.

New HyperX Gaming Monitors: See Every Play. Stay in the Flow.The new HyperX gaming monitors extend the Level Awakening lineup from the desk to the display, giving players another way to complete a battle-ready setup. Built for gamers who want their gear to feel connected, immersive, and personal, the monitors help turn every frame, every fight, and every stream into part of the full HyperX experience.

New Colors: Keep it Personal. Make it You.

Find exciting new color combinations for HyperX Cloud III Wired, HyperX Cloud III S, and HyperX Cloud Flight 2 headsets along with a new “Frost” color for the HyperX SoloCast 2 mic. Build your rig to match your style.

Pricing and Availability(6)  

Click here after 3pm Pacific time August 20 for product pages at HyperX.com

The HyperX Cloud Alpha Air is expected to be available on HyperX.com in September 2026 for $149.99The HyperX Pulsefire Haste 3 Pro is expected to be available on HyperX.com September 2026 for 129.99The HyperX Pulsefire Haste 3 Wireless is expected to be available on HyperX.com September 2026 for 89.99The HyperX Pulsefire Haste 3 Wired is expected to be available on HyperX.com September 2026 for 39.99The HyperX SoloCast 2 Pro is expected to be available on HyperX.com in September 2026 for 89.99The HyperX OMEN 35L is expected to be available on HyperX.com in autumn 2026, pricing at availabilityThe HyperX gaming monitors are expected to be available on HyperX.com in September with prices from $209.99 About HyperX

HyperX is the gaming team at HP dedicated to delivering gear for gamers, creators, and esports competitors around the world. Known for its award-winning headsets, microphones, keyboards, mice, and accessories, HyperX creates products designed to help players perform their best, stay connected, and game without limits.

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 devices, services, and experiences spanning personal computing, gaming, hybrid work, and more.

1HyperX NGENUITY legacy software is available for Windows 10+. Newer versions of NGENUITY software are available for Windows 11+ and available for download on HyperX.com.  
2Tested under continuous usage with lighting disabled, 2.4GHz mode. 150-hour battery life with 1kHz polling rate. Battery life varies based on usage and computing conditions.
3Bluetooth® is a trademark owned by its proprietor and used by HP Inc. under license. 
4Latest version of NGENUITY Software required for personalization and customization. Connection via USB cable required for NGENUITY. NGENUITY is compatible with Windows® 11, 10.
5 Based on all PC AI gaming learning applications. OMEN AI adjust Operating System, Hardware, and Game settings for supported games. System requirements: OMEN Gaming Hub installed on PC, Windows 10 version 19041.0 or higher. Results may vary based on unique hardware setup on PC.
6Pricing and availability subject to change without notice.

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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HP (HPQ) is leveraging premium product mix, pricing discipline, and AI-driven cost savings to drive profitable growth despite declining unit shipments. Q2 FY2026 revenue rose 9% to $14.4B and non-GAAP EPS increased 21% to $0.86, driven by higher average selling prices and commercial upgrades. HPQ's valuation remains discounted at ~10x earnings, with potential 32% upside to $40/share if normalized earnings and moderate growth are sustained.

In the latest close session, HP (HPQ - Free Report) was down 1.04% at $28.52. The stock trailed the S&P 500, which registered a daily loss of 0.17%. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq decreased by 0.83%.

Shares of the personal computer and printer maker have appreciated by 25.52% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.01%, and the S&P 500's gain of 3.52%.

The upcoming earnings release of HP will be of great interest to investors. The company's upcoming EPS is projected at $0.66, signifying a 12.00% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.6 billion, up 4.82% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $2.98 per share and a revenue of $58.26 billion, demonstrating changes of -4.49% and +5.37%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for HP. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

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 past month, the Zacks Consensus EPS estimate remained stagnant. Right now, HP possesses a Zacks Rank of #3 (Hold).

Looking at valuation, HP is presently trading at a Forward P/E ratio of 9.68. This denotes a discount relative to the industry average Forward P/E of 24.85.

We can additionally observe that HPQ currently boasts a PEG ratio of 4.86. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Micro Computers industry stood at 2.62 at the close of the market yesterday.

The Computer - Micro Computers industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 30, placing it within the top 13% of over 250 industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

HP (HPQ - Free Report) closed at $26.86 in the latest trading session, marking a -5.46% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.66%. At the same time, the Dow added 1.19%, and the tech-heavy Nasdaq gained 2.78%.

The personal computer and printer maker's shares have seen an increase of 29.02% over the last month, surpassing the Computer and Technology sector's loss of 7.65% and the S&P 500's loss of 1.49%.

The investment community will be closely monitoring the performance of HP in its forthcoming earnings report. The company is expected to report EPS of $0.66, down 12% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.6 billion, up 4.82% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.98 per share and revenue of $58.26 billion, indicating changes of -4.49% and +5.37%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for HP. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. HP currently has a Zacks Rank of #3 (Hold).

From a valuation perspective, HP is currently exchanging hands at a Forward P/E ratio of 9.54. This indicates a discount in contrast to its industry's Forward P/E of 19.66.

It's also important to note that HPQ currently trades at a PEG ratio of 4.79. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Computer - Micro Computers stocks are, on average, holding a PEG ratio of 2.92 based on yesterday's closing prices.

The Computer - Micro Computers industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 20, this industry ranks in the top 9% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Posted by Defense World Staff on Jul 27th, 2026

Arrowstreet Capital Limited Partnership reduced its stake in shares of HP Inc. (NYSE:HPQ – Free Report) by 65.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,236,274 shares of the computer maker’s stock after selling 6,191,705 shares during the period. Arrowstreet Capital Limited Partnership owned 0.35% of HP worth $62,169,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HPQ. Vanguard Group Inc. lifted its holdings in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. State Street Corp raised its position in HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after acquiring an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC lifted its stake in HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after acquiring an additional 274,033 shares during the last quarter. Invesco Ltd. lifted its stake in HP by 31.7% in the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after acquiring an additional 3,671,511 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in HP by 50.2% in the fourth quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock worth $302,610,000 after acquiring an additional 4,542,339 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets HPQ has been the topic of several analyst reports. UBS Group increased their price target on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upped their price objective on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, June 2nd. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Wells Fargo & Company raised their target price on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Morgan Stanley boosted their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $23.33.

Read Our Latest Analysis on HPQ

Insider Activity at HP In other news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the sale, the insider directly owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by company insiders.

HP Trading Up 0.3% NYSE HPQ opened at $25.82 on Monday. The company has a fifty day simple moving average of $24.14 and a 200 day simple moving average of $21.20. The company has a market cap of $23.61 billion, a P/E ratio of 9.53, a P/E/G ratio of 4.34 and a beta of 1.19. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.65.

HP (NYSE:HPQ – Get Free Report) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (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 analyst estimates of $13.99 billion. During the same period last year, the business posted $0.71 EPS. HP’s revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities research analysts forecast that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

About HP (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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HP (HPQ - Free Report) closed the most recent trading day at $24.81, moving +2.44% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.89%. Meanwhile, the Dow experienced a rise of 0.74%, and the technology-dominated Nasdaq saw an increase of 1.29%.

The personal computer and printer maker's stock has climbed by 2.89% in the past month, exceeding the Computer and Technology sector's loss of 6.6% and the S&P 500's loss of 0.63%.

The investment community will be paying close attention to the earnings performance of HP in its upcoming release. It is anticipated that the company will report an EPS of $0.66, marking a 12% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $14.6 billion, reflecting a 4.82% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.98 per share and a revenue of $58.26 billion, representing changes of -4.49% and +5.37%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for HP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, HP boasts a Zacks Rank of #3 (Hold).

In the context of valuation, HP is at present trading with a Forward P/E ratio of 8.13. This valuation marks a discount compared to its industry average Forward P/E of 20.31.

It is also worth noting that HPQ currently has a PEG ratio of 4.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Micro Computers was holding an average PEG ratio of 2.84 at yesterday's closing price.

The Computer - Micro Computers industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 18, this industry ranks in the top 8% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our individual 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.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

In the latest close session, HP (HPQ - Free Report) was down 3.57% at $23.75. This change lagged the S&P 500's 0.38% gain on the day. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw an increase of 0.62%.

Coming into today, shares of the personal computer and printer maker had gained 1.4% in the past month. In that same time, the Computer and Technology sector lost 0.53%, while the S&P 500 gained 1.61%.

The investment community will be paying close attention to the earnings performance of HP in its upcoming release. It is anticipated that the company will report an EPS of $0.66, marking a 12% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $14.62 billion, showing a 4.91% escalation compared to the year-ago quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.98 per share and revenue of $58.27 billion, indicating changes of -4.49% and +5.39%, respectively, compared to the previous year.

Investors might also notice recent changes to analyst estimates for HP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. HP is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, HP is holding a Forward P/E ratio of 8.27. This denotes a discount relative to the industry average Forward P/E of 24.37.

It's also important to note that HPQ currently trades at a PEG ratio of 4.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Computer - Micro Computers industry stood at 2.74 at the close of the market yesterday.

The Computer - Micro Computers industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 19, putting it in the top 8% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.

Strengthened commercial leadership team, including a senior business development executive with operational experience in the French Special Forces, together with a strategic partnership with Offset Links.Expands HPQ’s and Novacium’s capabilities to identify and pursue potential opportunities beyond France across selected industrial and defence markets. MONTREAL, July 13, 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 next-generation industrial processes, announces that it and Novacium SAS (“Novacium”) are expanding their commercial and business development capabilities.

This initiative supports Novacium’s transition from technology development toward increased market engagement and commercial development activities across selected industrial and defence markets. It also supports HPQ’s business development strategy for Novacium’s technologies in Canada, the United States and Mexico under HPQ’s exclusive North American commercialization rights.

The expanded business development platform includes the appointment of senior professionals and a strategic advisory relationship intended to support market outreach, identify prospective opportunities and advance discussions with potential industrial and defence-sector stakeholders.

“The addition of commercial leaders with decades of international business development experience, together with operational expertise from the French Special Forces, significantly expands Novacium's business development capabilities by adding experienced professionals in international business development and defence markets,” said Bernard Tourillon, President and CEO of HPQ Silicon Inc. “As Novacium expands its business development organization, HPQ expects to benefit from these expanded capabilities through its strategic investment and exclusive North American commercialization rights. We believe this initiative represents another important step in supporting the identification and evaluation of future commercial opportunities for Novacium's technologies.”

Offset Links: A Strategic Partnership to Support International Growth

HPQ and Novacium have partnered with Offset Links, a consultancy specialising in business development for the industrial and defence sectors.

Under the agreement, Offset Links will provide strategic advisory and business development support to HPQ and Novacium, including identifying potential commercial opportunities, facilitating introductions to prospective industrial and institutional stakeholders, and supporting discussions relating to international business development initiatives.

Initial areas of focus are expected to include Australia and the MENA region markets. No commercial agreements, procurement contracts or customer commitments have been entered into as part of this arrangement.

Jean Deschamps — Founder, Chairman and Chief Executive Officer

Jean Deschamps brings decades of international experience across industry, infrastructure, and defence, including several decades in the Middle East.

Senior leadership roles at SIDEM, THALES, and GIAT Industries.Major Gulf infrastructure and industrial projects, including one of Abu Dhabi's earliest seawater desalination facilities.More than 19 years advising the British Ministry of Defence (MOD) on industrial offset programmes in Saudi Arabia. At HPQ and Novacium, he will support strategic partnerships, international business development and engagement with prospective industrial and institutional stakeholders.

Matthieu Deschamps — Commercial and Strategy Director

Matthieu Deschamps joins as Commercial and Strategy Director with more than 20 years of experience in industry, international business development, and strategic growth.

Led international market expansion programmes and negotiated commercial agreements with major industrial clients.Supported numerous partnership, investment and corporate development initiatives.Skilled in complex negotiations, commercial structuring, strategic account management, and scaling high-growth technology ventures. At HPQ and Novacium, he will lead commercial development initiatives, support strategic partnership discussions and business development activities across selected industrial and defence sectors.

Jean-Louis Florentin — Defence Business Development

Novacium and HPQ have appointed Jean-Louis Florentin to lead defence-sector business development, following a 15-year operational career in the French Special Forces.

Worked closely with defence contractors and military stakeholders to develop and deploy solutions for demanding operational environments.Collaborated with organisations including Nexter, the French Army Technical Section (STAT), and the Integrated Structure for the Operational Maintenance of Land Equipment (SIMMT), bridging technical teams, procurement, and end-users. His understanding of defence procurement processes and operational requirements will support HPQ's and Novacium's efforts to develop advanced energy solutions for applications including drones, embedded electronics and next-generation autonomous systems.

“Over the past several years, Novacium has developed a portfolio of energy technologies and is expanding its business development capabilities,” said Dr. Jed Kraiem. “The addition of Jean Deschamps, Matthieu Deschamps and Jean-Louis Florentin expands our business development capabilities by combining expertise in international business development, strategic partnerships and defence markets. Together, they will support engagement with prospective industrial, institutional and defence stakeholders while helping identify and evaluate potential commercial opportunities for our technologies.”

Salient points about the Offset Links agreement

HPQ and Offset Links have entered into a non-exclusive, arm's-length framework business development agreement with an initial one-year term, renewable unless terminated by either party. Under the agreement, Offset Links will provide strategic advisory and business development services, including identifying prospective opportunities, facilitating introductions to potential partners, and supporting the development of commercial, industrial and technology partnerships. Compensation, if any, will be determined separately for each approved business development assignment.

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.

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], and METAGENE™ technology 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]