HPQ
HP Inc.24.83
+0.34+1.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Memory BOM hits 35%; mitigations detailed
Q&A elaborated on memory costs surging to 35% of PC BOM from 15-18%, with 100% sequential hikes baked into guidance pulling FY26 EPS and FCF toward lows of $2.90-$3.20 and $2.8B-$3B ranges. Management detailed mitigations—LTAs for volume, new suppliers, low-memory configs, pricing—but expect PS margins below long-term range all year. Consumer pull-in explained Q1 beat; channel inventory healthy amid double-digit PC TAM drop. No surprises. CEO hunt eyes proven multi-segment execs. Confident playbook reins in headwinds; watch demand elasticity.
Key Stats
Market Cap
23.21BP/E (TTM)
9.37Basic EPS (TTM)
2.65Dividend Yield
0.05%Recent Filings
10-Q
Q1 FY2026 results
HP Inc. posted Q1 FY2026 net revenue of $14.4B, up 6.9% y/y from $13.5B, fueled by 11.1% Personal Systems growth to $10.3B on 12.1% unit volume from Windows refresh, yet Printing dipped 2.2% to $4.2B amid demand softness. Gross margin slipped to 19.6% from 21.0% on higher commodity costs, operating income fell to $759M from $845M (derived), and diluted EPS edged to $0.58 from $0.59 on 932M shares. Cash fell to $3.2B q/q, operating cash flow held at $383M, while total debt stayed near $9.7B with $5B revolver available. Fiscal 2026 Plan racked up $126M charges. Share repurchases accelerated. Competitive pressures persist in pricing.
8-K
HP Q1 revenue up 6.9%
HP Inc. posted fiscal 2026 Q1 net revenue of $14.4B, up 6.9% year-over-year, fueled by 11% Personal Systems growth to $10.3B amid AI PC momentum, while Printing dipped 2% to $4.2B. Non-GAAP EPS climbed 9.5% to $0.81, but GAAP EPS slipped to $0.58. Leadership transition smooth. Full-year guidance holds, tilted low amid memory costs and trade rules.
8-K
CEO Lores out, Broussard interim
HP Inc. replaced CEO Enrique Lores, who stepped down February 2, 2026, to pursue outside opportunities, with board member Bruce Broussard as interim CEO effective February 3. Broussard, ex-Humana CEO, gets $362,500 monthly cash plus $7M equity vesting in one year. Board shrank to 12 directors; HP reaffirms Q1 FY26 non-GAAP EPS $0.73-$0.81 and full-year $2.90-$3.20. Leadership shift tests execution.
10-K
FY2025 results
HP Inc. posted FY2025 net revenue of $55.3B, up 3.2% y/y, with Personal Systems surging 6.5% on 4.3% unit growth from Windows refresh and 3.1% higher ASPs, while Printing dipped 3.7% amid softening demand. Q4 momentum shone in Personal Systems' commercial unit boom, yet margins eroded 1.5pp to 20.6% from tariff hikes and mix shifts, despite pricing discipline. Cash conversion tightened to -38 days; debt held steady at $9.7B. Returned $1.9B to shareholders via $1.1B dividends and $0.8B buybacks. Supply chain snarls threaten quarterly flow.
8-K
HP AI plan eyes $1B savings
HP reported fiscal 2025 revenue of $55.3B, up 3.2%, but GAAP EPS fell to $2.65. Board approved AI-driven restructuring plan targeting $1B gross savings by fiscal 2028 end, with $650M charges including 4,000-6,000 job cuts. Quarterly dividend hiked to $0.30/share. Costs hit short-term, savings build long-term.
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