HP
Builds PCs, workstations, printers, supplies, and services for homes and workplaces.
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Profile
Sells commercial and consumer PCs, workstations, peripherals, printers, supplies, and device services through direct and partner channels worldwide. Personal Systems supplies most revenue, while recurring print supplies and services support a higher-margin Printing segment.
Builds Personal Systems around commercial and consumer notebooks, desktops, workstations, displays, retail point-of-sale devices, peripherals, security software, and lifecycle services. Printing covers home and office printers, ink and toner, managed and subscription services, and graphics, industrial, and 3D systems.
Sells worldwide through direct channels, retailers, distributors, and resellers, with most revenue generated outside the United States. The portfolio combines high-volume PCs with recurring print supplies and services; commercial PCs form its largest product grouping, while Printing generates more segment profit despite contributing less revenue.
Execution depends on PC refresh demand, repeat supplies purchases, third-party component suppliers, and a multi-tier distribution network.
Company facts
Key statistics
Year to date +37.9% · Average volume (30d) 15.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 28, 2026 | Barclays | Reiterate | Underweight | $19 | $23 |
| Aug 27, 2026 | Bernstein | Reiterate | Market Perform | $34 | $32 |
| Aug 27, 2026 | UBS | Reiterate | Neutral | $20 | $28 |
| Aug 24, 2026 | Evercore ISI | Target | $22 | $32 | |
| Jun 2, 2026 | Goldman Sachs | Reiterate | Sell | $21 | $19 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 26, 2026Q3 FY26 | $0.66 | $0.83 | +25.0% | $14.44B | $15.68B | +8.6% | −2.92% |
| May 27, 2026Q2 FY26 | $0.71 | $0.86 | +21.0% | $13.99B | $14.41B | +3.0% | −1.88% |
| Feb 24, 2026Q1 FY26 | $0.77 | $0.81 | +5.9% | $13.94B | $14.44B | +3.6% | +0.05% |
| Nov 25, 2025Q4 FY25 | $0.92 | $0.93 | +1.0% | $14.50B | $14.64B | +1.0% | −1.40% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.22B | $13.93B | $14.64B | $14.44B | $14.41B | $15.68B | |
| Gross profit | $2.74B | $2.85B | $2.90B | $2.84B | $3.02B | $2.95B | |
| Operating income | $654.0M | $716.0M | $1.08B | $759.0M | $612.0M | $892.0M | |
| Net income | $406.0M | $763.0M | $795.0M | $545.0M | $450.0M | $661.0M | |
| Diluted EPS | $0.42 | $0.80 | $0.84 | $0.58 | $0.49 | $0.71 | |
| Gross margin | 20.7% | 20.5% | 19.8% | 19.6% | 20.9% | 18.8% | |
| Operating margin | 4.9% | 5.1% | 7.4% | 5.3% | 4.2% | 5.7% |
Fiscal years (4-quarter sums)FY21 $63.49B · FY22 $62.97B · FY23 $53.72B · FY24 $53.56B · FY25 $55.30B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jul 31, 2026Cash & short-term investments $4.17B · Total debt $9.16B · Total assets $45.70B · Shareholders' equity $3.87B
Dividends
Raised for 52 straight years — most recently to $0.30 from $0.2894 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jul 1 | $0.30 | |
| Mar 11, 2026 | Mar 11 | Apr 1 | $0.30 | |
| Dec 11, 2025 | Dec 11 | Jan 2 | $0.30 | raised from $0.2894 |
| Sep 10, 2025 | Sep 10 | Oct 1 | $0.2894 | |
| Jun 11, 2025 | Jun 11 | Jul 2 | $0.2894 | |
| Mar 12, 2025 | Mar 12 | Apr 2 | $0.2894 | |
| Dec 11, 2024 | Dec 11 | Jan 2 | $0.2894 | raised from $0.2756 |
| Sep 11, 2024 | Sep 11 | Oct 2 | $0.2756 |
Ownership
Shares outstanding 914.52M · Float 911.23M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 107.46M | 11.75% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 59.65M | 6.52% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 58.03M | 6.35% | 13F | Aug 13, 2026 |
| State Street Corp | 52.84M | 5.78% | 13F | Aug 7, 2026 |
| Dodge & Cox | 42.63M | 4.66% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | David P. McQuarrie | officer: Chief Commercial Officer | −21,048 | $29.98 |
| Aug 4, 2026 | David P. McQuarrie | officer: Chief Commercial Officer | −10,524 | $27.98 |
| Aug 3, 2026 | David P. McQuarrie | officer: Chief Commercial Officer | −10,524 | $27.88 |
| Jul 28, 2026 | David P. McQuarrie | officer: Chief Commercial Officer | −10,524 | $27.98 |
| Jun 12, 2026 | David P. McQuarrie | officer: Chief Commercial Officer | −10,524 | $24.68 |
Peers
- Dell Technologies
Broad PC, workstation, peripheral, and device-service overlap
- Apple
Premium Mac rival in notebooks, desktops, displays, and ecosystem
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HP | $30.49 | −0.04% | $27.91B | 11.6 | 10.8 | 0.5 | +12.5% |
| Dell Technologies | $456.09 | +0.00% | $302.80B | 36.2 | 23.7 | 2.3 | +87.5% |
| Apple | $320.07 | +0.15% | $4.70T | 36.6 | 34.7 | 10.1 | +16.4% |
| Median | 36.4 | 29.2 | 6.2 | +52.0% |