HP IncHPQ
▼ NegativeCapitalrelevance
Shares fell 9% despite beating estimates, as investors took profits after recent gains.
Impact on stocks 1
Information Technology
HP IncHP Inc reported third-quarter results that beat analyst expectations, but shares fell over 9% in after-hours trading Wednesday as investors took profits following an 18.5% gain in the past month. The company posted adjusted earnings per share of $0.83, beating the consensus of $0.66, and revenue of $15.7 billion, up 12.5% year-over-year and above the $14.34 billion estimate, with results including a favorable $0.11 impact from tariff refunds. HP raised its full fiscal year 2026 adjusted EPS guidance to a range of $3.19 to $3.29, with a midpoint of $3.24 that exceeds the consensus of $3.04, and for the fiscal fourth quarter it expects adjusted EPS of $0.69 to $0.79, including an $0.08 favorable impact from estimated tariff refunds. The company also raised its free cash flow outlook for fiscal 2026 to $3.0 billion to $3.2 billion. In the Personal Systems segment, revenue rose 18% to $11.8 billion, though total units declined 16%, while the Printing segment saw revenue of $3.9 billion, down 2% year-over-year. HP generated $1.6 billion in free cash flow during the quarter and returned $574 million to shareholders through $300 million in share repurchases and $274 million in dividends, ending the quarter with $4.2 billion in gross cash.
HP IncShares fell 9% despite beating estimates, as investors took profits after recent gains.