HP Inc. (HPQ) official guidance
HP Inc. (HPQ) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteHPQHP INCFY2027
1 metric1 newguidance update · 2026-09-21 10:09:00 UTC
2026-09-21 10:09:00 UTCdecline roughly mid-single-digitsnew
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.
HPQ · 8-K
2026-09-21 10:08:34 UTCOpen source
HPQHP INCFY2026 · ends 2026-10-31
1 metric1 newearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTC50%new
We are particularly pleased with the continued strength of our AI PC portfolio, which continued to grow and is still expected to be 50% of our shipment mix by the end of this fiscal year.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
HPQHP INCFY2027 · ends 2027-10-31
1 metric1 maintainedearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTC60% – 70%maintained
It contributed 46% of our mix, in line with our 40%-50% forecast for FY 2026, and we are expecting it to get up to 60%-70% in FY 2027 and more than 70% in FY 2028.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-05-28 04:01:45 UTC60% – 70%new
We continue to expect AI PCs to be a greater part of our shipments going forward, reaching 60%-70% next fiscal year, and then above 70% by FY 2028.
HPQ · transcript · Q2 FY2026
2026-05-28 04:00:00 UTCOpen source
HPQHP INCFY2028 · ends 2028-10-31
1 metricearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTCat least 70%
It contributed 46% of our mix, in line with our 40%-50% forecast for FY 2026, and we are expecting it to get up to 60%-70% in FY 2027 and more than 70% in FY 2028.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-05-28 04:01:45 UTCat least 70%new
We continue to expect AI PCs to be a greater part of our shipments going forward, reaching 60%-70% next fiscal year, and then above 70% by FY 2028.
HPQ · transcript · Q2 FY2026
2026-05-28 04:00:00 UTCOpen source
HPQHP INCQ4 FY2026 · ends 2026-10-31
1 metric1 newearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTCsimilar to Q3 levelsnew
Beyond the segments, we expect Q4 OI&E and corporate to be similar to Q3 levels.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
HPQHP INCFY2026 · ends 2026-10-31
1 metric1 maintainedearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTC$3.19 – $3.29maintained
We now expect diluted net earnings per share to be in the range of $3.19-$3.29, up from our previous range of $2.90-$3.10 and including a $0.19 favorable impact from estimated tariff refunds.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:18:02 UTC$3.19 – $3.29raised +8.0%
For fiscal 2026, HP is raising its estimate of GAAP diluted net EPS to be in the range of $2.52 to $2.62 and raising its estimate of non-GAAP diluted net EPS to be in the range of $3.19 to $3.29, with both including a $0.19 favorable impact from estimated tariff refunds.
HPQ · EX-99.1 · Q3 FY2026
2026-08-26 20:17:31 UTCOpen source
2026-05-28 04:01:45 UTC$2.9 – $3.1maintained
As such, we now expect diluted net earnings per share to be in the range of $2.90-$3.10.
HPQ · transcript · Q2 FY2026
2026-05-28 04:00:00 UTCOpen source
2026-05-27 20:17:58 UTC$2.9 – $3.1lowered -1.6%
For fiscal 2026, HP is updating its estimate of GAAP diluted net EPS to be in the range of $2.15 to $2.45 and updating its estimate of non-GAAP diluted net EPS to be in the range of $2.90 to $3.10.
HPQ · EX-99.1 · Q2 FY2026
2026-05-27 20:17:25 UTCOpen source
2026-02-25 05:01:50 UTC$2.9 – $3.2maintained
Factoring this all in, we are maintaining our annual non-GAAP diluted earnings per share guidance range of $2.90-$3.20.
HPQ · transcript · Q1 FY2026
2026-02-25 05:00:00 UTCOpen source
2026-02-24 21:19:18 UTC$2.9 – $3.2maintained
For fiscal 2026, HP maintains its annual guidance with estimated GAAP diluted net EPS to be in the range of $2.47 to $2.77 and non-GAAP diluted net EPS to be in the range of $2.90 to $3.20.
HPQ · EX-99.1 · Q1 FY2026
2026-02-24 21:18:40 UTCOpen source
2025-11-26 05:01:20 UTC$2.9 – $3.2maintained
With all of this, and including an estimated $0.30 impact from projected memory cost increases net of mitigations, we expect FY 2026 non-GAAP diluted net earnings per share to be in the range of $2.90-$3.20, and FY 2026 GAAP diluted net earnings per share to be in the range of $2.47-$2.77.
HPQ · transcript · Q4 FY2025
2025-11-26 05:00:00 UTCOpen source
2025-11-25 21:18:27 UTC$2.9 – $3.2new
For fiscal 2026, HP estimates GAAP diluted net EPS to be in the range of $2.47 to $2.77 and non-GAAP diluted net EPS to be in the range of $2.90 to $3.20.
HPQ · EX-99.1 · Q4 FY2025
2025-11-25 21:17:31 UTCOpen source
HPQHP INCQ4 FY2026 · ends 2026-10-31
1 metric1 maintainedearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTC$0.69 – $0.79maintained
For Q4 specifically, we expect diluted net earnings per share to be in the range of $0.69-$0.79, including an $0.08 favorable impact from estimated tariff refunds.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:18:02 UTC$0.69 – $0.79new
For the fiscal 2026 fourth quarter, HP estimates GAAP diluted net EPS to be in the range of $0.74 to $0.84 and non-GAAP diluted net EPS to be in the range of $0.69 to $0.79, with both including an $0.08 favorable impact from estimated tariff refunds.
HPQ · EX-99.1 · Q3 FY2026
2026-08-26 20:17:31 UTCOpen source
HPQHP INCFY2026 · ends 2026-10-31
1 metric1 maintainedearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTC$3B – $3.2Bmaintained
Given our improved earnings performance and strong free cash flow in Q3, we are also increasing our outlook for free cash flow to be in the range of $3 billion-$3.2 billion for the fiscal year.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:18:02 UTC$3B – $3.2Braised +6.9%
For fiscal 2026, HP is also raising its estimate of free cash flow to be in the range of $3.0 to $3.2 billion.
HPQ · EX-99.1 · Q3 FY2026
2026-08-26 20:17:31 UTCOpen source
2026-05-28 04:01:45 UTC$2.8B – $3Bmaintained
Lastly, given our expectations for improved earnings performance, we expect our annual free cash flow to be solidly in the range of $2.8 billion-$3 billion.
HPQ · transcript · Q2 FY2026
2026-05-28 04:00:00 UTCOpen source
2026-05-27 20:17:58 UTC$2.8B – $3Bmaintained
For fiscal 2026, HP anticipates generating free cash flow in the range of $2.8 to $3.0 billion.
HPQ · EX-99.1 · Q2 FY2026
2026-05-27 20:17:25 UTCOpen source
2026-02-25 05:01:50 UTC$2.8B – $3Bmaintained
We are also maintaining our annual free cash flow guidance range of $2.8 billion-$3 billion.
HPQ · transcript · Q1 FY2026
2026-02-25 05:00:00 UTCOpen source
2026-02-24 21:19:18 UTC$2.8B – $3Bmaintained
For fiscal 2026, HP anticipates generating free cash flow in the range of $2.8 to $3.0 billion.
HPQ · EX-99.1 · Q1 FY2026
2026-02-24 21:18:40 UTCOpen source
2025-11-26 05:01:20 UTC$2.8B – $3Bmaintained
On FY 2026 free cash flow, we expect to deliver between $2.8 billion-$3 billion.
HPQ · transcript · Q4 FY2025
2025-11-26 05:00:00 UTCOpen source
2025-11-25 21:18:27 UTC$2.8B – $3Bnew
For fiscal 2026, HP anticipates generating free cash flow in the range of $2.8 to $3.0 billion.
HPQ · EX-99.1 · Q4 FY2025
2025-11-25 21:17:31 UTCOpen source
HPQHP INCFY2026
2 metrics1 lowered1 maintainedearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTCdecline high teens year-over-yearmaintained-19% – -17%
By segment, in Personal Systems, we remain aligned with industry experts, projecting the PC unit TAM to decline high teens year-over-year for the second half of the calendar year.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-05-28 04:01:45 UTCdecline at a rate in the high teensnew-19% – -17%
By segment, in Personal Systems, we remain aligned with industry experts, projecting the PC unit TAM to decline at a rate in the high teens for the second half of the calendar year.
HPQ · transcript · Q2 FY2026
2026-05-28 04:00:00 UTCOpen source
2026-08-27 04:01:43 UTCmid-single-digit decline in the hardware marketlowered -150.0%-6% – -4%
In Print, our outlook is aligned with industry expectations for a mid-single-digit decline in the hardware market in the second half of the calendar year.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-05-28 04:01:45 UTCa low single-digit declinemaintained-3% – -1%
In Print, we are aligned with industry experts anticipating a low single-digit decline in the hardware market in the second half of the calendar year.
HPQ · transcript · Q2 FY2026
2026-05-28 04:00:00 UTCOpen source
2026-02-25 05:01:50 UTCdecline low single digitnew-3% – -1%
In print, we continue to expect the hardware market to decline low single digit in calendar 2026.
HPQ · transcript · Q1 FY2026
2026-02-25 05:00:00 UTCOpen source
HPQHP INCFY2027 · ends 2027-10-31
1 metric1 newearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTCback into our long-term rangenew
Of course, we remain focused on mitigating the impact of this dynamic commodities environment and expect to bring our PSOP rate back into our long-term range as quickly as possible in FY 2027.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
HPQHP INCQ4 FY2026 · ends 2026-10-31
1 metric1 newearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTCbelow Q3 levelsnew
As we signaled last quarter, we expect our Q4 margin to be below Q3 levels and then to sequentially improve as we look ahead into FY 2027.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
HPQHP INCFY2027 · ends 2027-10-31
1 metric1 newearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTC16% – 19%new
I would say on the print margins in FY 2027, I will start by just confirming that we remain comfortable with our long-term operating profit range of 16%-19% for print, and that still holds for our fiscal 2027.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
HPQHP INCQ4 FY2026 · ends 2026-10-31
4 metrics4 newearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTCin the lower half of our long-term rangenew
For Q4, we expect Print revenue to be in line with historical seasonality and excluding the impact of any tariff refunds in the quarter, we expect operating margins in the lower half of our long-term range, reflecting our focus on incremental hardware unit placement and near-term input cost pressures, which we are actively working to mitigate.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-08-27 04:01:43 UTCsimilar to Q3 levelsnew
Beyond the segments, we expect Q4 OI&E and corporate to be similar to Q3 levels.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-08-27 04:01:43 UTCyear-over-year revenue growthnew
That said, we do expect year-over-year revenue growth in the quarter, driven by pricing actions, share gains in premium categories, attach of higher-margin offerings, and increased penetration of AI PCs as more AI workloads move to edge devices.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-08-27 04:01:43 UTCin line with historical seasonalitynew
For Q4, we expect Print revenue to be in line with historical seasonality and excluding the impact of any tariff refunds in the quarter, we expect operating margins in the lower half of our long-term range, reflecting our focus on incremental hardware unit placement and near-term input cost pressures, which we are actively working to mitigate.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
HPQHP INCFY2026 · ends 2026-10-31
2 metrics1 raised1 maintainedearnings call · 2026-08-27 04:01:43 UTC
2026-08-27 04:01:43 UTCdeclining low single digit in constant currencymaintained-3% – -1% vs FY2025
This year in particular, in FY 2026, we see it declining low single digit in constant currency, but our long-term view of supplies hasn't changed.
HPQ · transcript · Q3 FY2026
2026-08-27 04:00:00 UTCOpen source
2026-05-28 04:01:45 UTCdown low single-digit for the year in constant currencymaintained-3% – -1% vs FY2025
While we continue to project supplies revenue will be down low single-digit for the year in constant currency, we expect to drive both pricing and share gains.
HPQ · transcript · Q2 FY2026
2026-05-28 04:00:00 UTCOpen source
2026-02-25 05:01:50 UTCdown low single-digitmaintained-3% – -1% vs FY2025
While we continue to anticipate supplies revenue to be down low single-digit for the year in constant currency, we expect to drive both pricing and share gains.
HPQ · transcript · Q1 FY2026
2026-02-25 05:00:00 UTCOpen source
2025-11-26 05:01:20 UTCdown low single digits in constant currencynew-3% – -1% vs FY2025
We also anticipate supplies revenue to be down low single digits in constant currency within our long-term guidance range, with favorable pricing and continued share gains.
HPQ · transcript · Q4 FY2025
2025-11-26 05:00:00 UTCOpen source
2026-08-26 20:18:02 UTC$2.52 – $2.62raised +11.7%-4.9% – -1.1% vs FY2025
For fiscal 2026, HP is raising its estimate of GAAP diluted net EPS to be in the range of $2.52 to $2.62 and raising its estimate of non-GAAP diluted net EPS to be in the range of $3.19 to $3.29, with both including a $0.19 favorable impact from estimated tariff refunds.
HPQ · EX-99.1 · Q3 FY2026
2026-08-26 20:17:31 UTCOpen source
2026-05-27 20:17:58 UTC$2.15 – $2.45lowered -12.2%-18.9% – -7.5% vs FY2025
For fiscal 2026, HP is updating its estimate of GAAP diluted net EPS to be in the range of $2.15 to $2.45 and updating its estimate of non-GAAP diluted net EPS to be in the range of $2.90 to $3.10.
HPQ · EX-99.1 · Q2 FY2026
2026-05-27 20:17:25 UTCOpen source
2026-02-24 21:19:18 UTC$2.47 – $2.77maintained-6.8% – 4.5% vs FY2025
For fiscal 2026, HP maintains its annual guidance with estimated GAAP diluted net EPS to be in the range of $2.47 to $2.77 and non-GAAP diluted net EPS to be in the range of $2.90 to $3.20.
HPQ · EX-99.1 · Q1 FY2026
2026-02-24 21:18:40 UTCOpen source
2025-11-26 05:01:20 UTC$2.47 – $2.77maintained
With all of this, and including an estimated $0.30 impact from projected memory cost increases net of mitigations, we expect FY 2026 non-GAAP diluted net earnings per share to be in the range of $2.90-$3.20, and FY 2026 GAAP diluted net earnings per share to be in the range of $2.47-$2.77.
HPQ · transcript · Q4 FY2025
2025-11-26 05:00:00 UTCOpen source
2025-11-25 21:18:27 UTC$2.47 – $2.77new
For fiscal 2026, HP estimates GAAP diluted net EPS to be in the range of $2.47 to $2.77 and non-GAAP diluted net EPS to be in the range of $2.90 to $3.20.
HPQ · EX-99.1 · Q4 FY2025
2025-11-25 21:17:31 UTCOpen source
HPQHP INCQ4 FY2026 · ends 2026-10-31
1 metric1 newearnings release · 2026-08-26 20:18:02 UTC
2026-08-26 20:18:02 UTC$0.74 – $0.84new-11.9% – 0% vs Q4 FY2025
For the fiscal 2026 fourth quarter, HP estimates GAAP diluted net EPS to be in the range of $0.74 to $0.84 and non-GAAP diluted net EPS to be in the range of $0.69 to $0.79, with both including an $0.08 favorable impact from estimated tariff refunds.
HPQ · EX-99.1 · Q3 FY2026
2026-08-26 20:17:31 UTCOpen source