Companies /Technology

HP Inc

NYSE: HPQ Computer Hardware
$28.93
▼ $1.59 (−5.21%) today
Markets open · 12:40pm ET

Q3 2026 Earnings

Reported Aug 26, 2026, 4:17pm ET · SEC source
$0.83
Beat +25.91%
EPS · est. $0.66 Adjusted

Includes $0.11 favorable impact from tariff refunds

$15.7B
Beat +8.95%
Revenue · est. $14.4B
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%+10%Aug 26Aug 27report 4:17pm ETearnings+0.5%+5.0%
−5%0+5%+10%Aug 26Aug 27earnings+0.5%+5.0%
HPQ +5.0%S&P 500 +0.5%
−5%0+5%+10%Aug 26Aug 27report 4:17pm ETearnings+0.9%+5.0%
−5%0+5%+10%Aug 26Aug 27earnings+0.9%+5.0%
HPQ +5.0%NASDAQ +0.9%
0+4%+8%Aug 25Aug 27report 4:17pm ETearnings+0.4%+5.6%
0+4%+8%Aug 25Aug 27earnings+0.4%+5.6%
HPQ +5.6%S&P 500 +0.4%
0+4%+8%Aug 25Aug 27report 4:17pm ETearnings+0.6%+5.6%
0+4%+8%Aug 25Aug 27earnings+0.6%+5.6%
HPQ +5.6%NASDAQ +0.6%
−5.49%
Day of report

Did HPQ Beat Earnings? Q3 2026 Results

HP Inc. delivered a standout fiscal third quarter, with adjusted non-GAAP EPS of $0.83 beating the $0.66 consensus estimate by 25.91%, marking the fourth consecutive quarter the company has topped Wall Street's earnings expectations. Revenue of $15.68 billion rose 12.5% year over year, clearing the $14.39 billion consensus by 8.95%, as Personal Systems, the company's largest segment, surged 18% to $11.77 billion on a powerful mix shift toward higher-value commercial and premium products. Unit shipments fell 16%, but that decline was by design, reflecting a deliberate push into AI-enabled and premium PCs rather than volume-driven growth. The $0.83 EPS figure included an $0.11 favorable tariff refund impact, and analysts heading into the print had been watching full-year guidance closely amid ongoing cost and tariff uncertainty. On that front, HP raised its FY26 non-GAAP EPS outlook to $3.19 to $3.29 and lifted free cash flow guidance to $3.00 to $3.20 billion, signaling management's confidence heading into the final quarter under interim CEO Bruce Broussard.

Key Takeaways
  • Personal Systems revenue up 18% YoY driven by 22% Commercial PS growth
  • Increased sales and share in premium products
  • Tariff refunds contributed $0.11 favorable impact to EPS
  • Meaningful improvements in memory supply and higher fulfillment rates
  • Printing operating margin expanded to 18.1% from 17.0% YoY

“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.”

HP CEO, on the earnings call

Forward Guidance & Outlook

HP raised its full-year FY26 guidance. Non-GAAP diluted net EPS is now expected at $3.19 to $3.29, up from prior guidance, including a $0.19 favorable impact from estimated tariff refunds. GAAP diluted net EPS is expected at $2.52 to $2.62. Free cash flow guidance was also raised to $3.0 to $3.2 billion. For Q4 FY26, HP expects non-GAAP diluted net EPS of $0.69 to $0.79 and GAAP diluted net EPS of $0.74 to $0.84, both including an $0.08 favorable impact from estimated tariff refunds.

HPQ YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$5.0B$10.0B$15.0B$13.9B$15.7BRevenue$2.9B$2.9BGross Profit$716.0M$892.0MOperating Income$763.0M$661.0MNet Income
$0$5.0B$10.0B$15.0BRevenueGross ProfitOperating IncomeNet Income

HPQ Revenue by Segment

Personal Systems$11.8B+18.0%
Commercial PS$8.6B+22.0%
Printing$3.9B−2.0%
Consumer PS$3.2B+10.0%
Supplies$2.5B−3.0%
Commercial Printing$1.1B−1.0%
Consumer Printing$275.0M−2.0%
Corporate Investments

Figures from SEC filings and company reports. Not investment advice.