HP stock lifts fiscal 2026 EPS guidance after record Q3

Published on 10/04/2026 at 22:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HP stock closed at USD 32.12 on October 2, 2026, after Q3 revenue reached USD 15.7 billion. Personal Systems grew 18 percent despite margin pressure.

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HP Inc. (ISIN US40434L1052) reported record fiscal third-quarter revenue of USD 15.7 billion, up 13 percent year over year, and raised its fiscal 2026 adjusted EPS outlook to USD 3.19-3.29. The figures were presented in the Q3 FY2026 earnings call dated August 26, 2026, by Yahoo Finance.

Personal Systems grows 18 percent

HP's Personal Systems division generated record fiscal Q3 revenue of USD 11.8 billion, an increase of 18 percent from the year-earlier period. The segment's operating margin was 4.6 percent, reflecting higher commodity costs and variable compensation, while pricing actions and a richer product mix supported sales.

Zacks reported that adjusted earnings reached USD 0.83 per share in fiscal Q3, beating the consensus estimate of USD 0.75 by USD 0.08. Printing revenue moved in the opposite direction, falling 2.2 percent year over year to USD 3.91 billion.

Guidance rises as costs pressure margins

HP lifted its fiscal 2026 adjusted EPS range from USD 2.90-3.10 to USD 3.19-3.29, including an estimated USD 0.19 benefit from tariff refunds. Free cash flow guidance also increased to USD 3.0-3.2 billion, while fiscal fourth-quarter adjusted EPS guidance stands at USD 0.69-0.79.

The operating picture is therefore mixed in a measurable way: revenue growth accelerated through Personal Systems, but the segment margin remained below HP's long-term framework as memory and storage costs rose. Management said fiscal fourth-quarter Personal Systems margins should be lower than in Q3 before improving into fiscal 2027, according to the Yahoo Finance transcript.

Stock stays above analyst target

HP stock closed at USD 32.12 on the NYSE on October 2, 2026, down 0.09 percent from the prior close of USD 32.15. The price sits within the 52-week range of USD 17.56 to USD 36.23, placing it 11.35 percent below the yearly high.

The analyst consensus is Hold across 18 analysts, with an average price target of USD 29.66. That target is 7.66 percent below the October 2 closing price, according to StockAnalysis. The gap leaves the raised earnings outlook competing with a market view that still discounts margin and cost risks.

HP stock closes at USD 32.12

HP stock closed at USD 32.12 on the NYSE on October 2, 2026. Its market capitalization was USD 29.4 billion and trading volume reached 10,286,954 shares.