HP Inc. Reports Q2 FY26 Results: Non-GAAP EPS Beats, Revenue Up 9%, Strengthens Full-Year Outlook
HPQ sits 65% above its 52-week low of $17.56.
Summary
HP Inc. announced its Q2 FY26 earnings, reporting a 9% revenue increase and non-GAAP EPS beat, while GAAP EPS missed expectations. The company also provided a strengthened full-year outlook and strong cash flow generation.
Key Events · Earnings and Guidance · HPQ
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Q2 FY26 Financial Performance
Net revenue increased 9.0% year-over-year to $14.4 billion. Non-GAAP diluted EPS of $0.86 exceeded the company's outlook, while GAAP diluted EPS of $0.49 was below its outlook.
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Strong Cash Flow Generation
Net cash provided by operating activities was $0.9 billion, and free cash flow was $0.8 billion, a significant improvement from the prior year.
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Strengthened Full-Year Outlook
HP Inc. updated its fiscal 2026 non-GAAP diluted EPS estimate to a range of $2.90 to $3.10 and anticipates free cash flow between $2.8 billion and $3.0 billion, reflecting a strengthened outlook.
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Shareholder Returns
The company returned $374 million to shareholders through $274 million in dividends and $100 million in share repurchases during the quarter.
Analysis · HPQ · Technology
HP Inc. reported mixed second-quarter results, with non-GAAP diluted EPS exceeding expectations and revenue growing 9% year-over-year. However, GAAP diluted EPS fell short of its own outlook. The company also significantly improved its cash flow from operations and free cash flow, and strengthened its full-year financial outlook, indicating improved confidence in its performance despite the GAAP miss.
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At the time of this filing, HPQ was trading at $29.00 on NYSE in the Technology sector, with a market capitalization of approximately $23.3B. The 52-week trading range was $17.56 to $29.55. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.