HP Inc
HPQ - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$25.95B
Close$
Earnings Call Q3 2026
August 26, 2026 - AI Summary
Strong Q3 results; momentum led by Personal Systems (PS)
- HP delivered record Q3 revenue of ~$15.7B, +13% YoY (and 9th consecutive quarter of top-line growth).
- EPS $0.83 (+11% YoY) and above guidance even excluding ~$0.11 tariff-refund benefit.
- Growth acceleration came from key growth areas +46% YoY, faster than core.
- PS drove performance: PS revenue $11.8B, +18% YoY (notably volume down as expected, offset by mix, repricing, and services).
Print was pressured but partially protected by “big tank” and industrial + subscription
- Print revenue down ~2% YoY in a competitive market.
- HP continued pricing/placement discipline and “big tank” printer market share rose +4 points this quarter; tank units +42% (unit growth in that profitable category).
- Industrial Print delivered 12th straight quarter of revenue growth.
- Print operating margin ~18.1%, but included tariff-refund tailwind; excluding tariff, margin roughly in line with guidance (low end of long-term range).
Q4 outlook: revenue expected to grow YoY despite high-teens PC unit decline; margins pressured then stabilize
- Industry expects PC units down high teens YoY in the second half/calendar H2, so HP expects Q4 revenue to be down sequentially but still up YoY through mix (premium/commercial/AI/workstations) + pricing + attach.
- Q4 EPS guide: $0.69–$0.79, includes ~$0.08 tariff-refund benefit.
- Q4 margin expected “low point” in PS (costs rising, inventory cost effects continuing), with improvement thereafter.
- Full-year updated guide: FY EPS $3.19–$3.29 (up from $2.90–$3.10); includes ~$0.19 tariff-refund benefit.
- Free cash flow (FCF) upgraded: ~$3.0B–$3.2B for FY.
Exclusive for Stockcircle Pro members
Sign up
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $25.95 Billion |
|---|---|
| Enterprise Value | $33.88 Billion |
| Annual dividend | $1.20 |
| Dividend yield | 4.17% |
| Earnings per Share | $2.67 |
| Beta | 1.19 |
| Outstanding Shares | 919,000,000 |
Return
| Return on Equity | -2664.13% |
|---|---|
| Return on Assets | 5.36% |
| Return on Invested Capital | 27.42% |
Valuation & Multiples
| P/E Ratio | 10.86 |
|---|---|
| PEG | -81.24 |
| Price to Sales | 0.47 |
| Price to Book Ratio | -29.95 |
| Enterprise Value to Revenue | 0.57 |
| Enterprise Value to EBIT | 10.53 |
| Enterprise Value to Net Income | 13 |
| Total Debt to Enterprise | 0.36 |
| Debt to Equity | -131.52 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 26, 2026
EPS Estimate
$0.66
Consensus analyst estimateRevenue Estimate
$14.44 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 24, 2026
EPS Estimate
$0.75
Consensus analyst estimateRevenue Estimate
$15.43 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.54, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.5390▼ 35.71% |
|---|---|
| Total Calls | 126,900▼ 99.09% |
| Total Puts | 68,400▼ 99.45% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 5.38%▼ 86.68% |
|---|---|
| Total Invested | $1.54B▼ 91.69% |
| Investors Holding | 458▼ 680.00% |
About HP Inc
53,000 employees
CEO: Margaret Whitman
HP Inc. creates technology that makes life better for everyone, everywhere. Through our product and service portfolio of personal systems, printers and 3D printing solutions, we engineer experiences that amaze.