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 $15.43B. Last quarter: HP raises full-year outlook as AI PCs drive Personal Systems growth

Reports After market close20 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $0.75 Calendar consensus
Consensus revenue $15.43B Calendar consensus
Report date Nov 24, 2026 Tuesday, date estimated
Session After market close 20 days away

Where HPQ left off: FY2026 Q3

Full report

HP raises full-year outlook as AI PCs drive Personal Systems growth

EPS surprise +25.0% Reported $0.83 vs $0.66
Revenue surprise +8.6% Reported $15.68B vs $14.44B
Stock move -2.9% Event window
Subsequent drift +16.1% Up to 20 sessions

Management raised full-year EPS guidance to $3.19-$3.29 and free-cash-flow guidance to $3.0-$3.2 billion.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Rising memory and storage component costs.
  • Commodity-price volatility and inflationary pressure on margins.
  • Declining PC unit volumes in the second half of the year.
  • Higher-than-normal channel inventory in an inflationary environment.
  • Geopolitical and tariff-related uncertainty.

Questions analysts left open

  • Q4 Personal Systems revenue outlook and margin trough expectations.
  • Memory-cost increases, inventory valuation, and margin impact.
  • Timing and effectiveness of pricing actions across channel partners.
  • Whether free-cash-flow growth can persist beyond tariff refunds.
  • Scale and ROI of enterprise AI PC deployments.

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Recent HPQ quarters

All HPQ earnings
-2.9%FY2026 Q3-1.9%FY2026 Q2+0.1%FY2026 Q1-1.4%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

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.