HP Inc. · HPQ · Next earnings

HP Inc. reports Tuesday, Nov 24, 2026

HPQ reports after market close with consensus EPS at $0.75 and revenue at $15.44B. Last quarter: HP Q2 FY2026: Revenue Up 9%, EPS Beat, Outlook Raised - Margin Pressures Loom

Reports After market close65 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $0.75 Calendar consensus
Consensus revenue $15.44B Calendar consensus
Report date Nov 24, 2026 Tuesday, date estimated
Session After market close 65 days away

Where HPQ left off: FY2026 Q2

Full report

HP Q2 FY2026: Revenue Up 9%, EPS Beat, Outlook Raised - Margin Pressures Loom

EPS surprise +21.0% Reported $0.86 vs $0.71
Revenue surprise +3.0% Reported $14.41B vs $13.99B
Stock move -1.9% Event window
Subsequent drift -8.5% Up to 20 sessions

FY2026 EPS guidance was raised to $2.90-$3.10, up from the prior expectation of EPS at the lower end of $2.90-$3.20. Management introduced a target of $1 billion in gross annualized run-rate savings by FY28. The Q1 free cash flow target of $2.8-$3.0 billion was not explicitly revised in the Q2 commentary, which instead highlighted quarterly FCF of over $800 million and nearly $400 million in shareholder returns.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Rising memory and storage component costs expected to pressure margins in Q3 and Q4
  • Higher oil and resin prices affecting print margins
  • Declining PC unit TAM projected in the high-teens percentage range
  • Pricing pressure on low-end PCs and margin compression
  • Potential slowdown in consumer printer demand

Questions analysts left open

  • Extent of cost-reduction versus price increases needed to offset input cost inflation
  • Pull-forward effects of Windows refresh versus durable demand
  • Visibility on PC demand elasticity in H2 and 2027
  • Impact of resin and other commodity price spikes on print margins
  • Supply security for CPUs, memory, and other critical components

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Recent HPQ quarters

All HPQ earnings
-1.9%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.