HP Raises FY26 EPS and Cash Flow Guidance Despite PC Slump
HPQ sits 68% above its 52-week low of $17.56.
Summary
HP raised its full-year EPS guidance to $2.52–$2.62 GAAP and $3.19–$3.29 non-GAAP, citing a $0.19 tariff refund impact, and boosted free cash flow guidance to $3.0–$3.2B. This follows yesterday's Q3 beat and after-hours selloff, where shares fell 10% despite EPS of $0.83. The company also warned that PC shipments will decline 15–19% in the second half, reflecting RAM shortages and higher memory costs. The raised guidance suggests management sees enough offsetting strength in other segments to absorb the PC weakness. Watch for analyst revisions and any further commentary on the tariff refund's sustainability.
At the time of this announcement, HPQ was trading at $29.51 on NYSE in the Technology sector, with a market capitalization of approximately $27B. The 52-week trading range was $17.56 to $32.19. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.