Quarterly ResultMay 27, 2026, 04:16 PM
HP Q2 Revenue $14.4B, up 9%; Non-GAAP EPS $0.86, up 21%
AI Summary
HP Inc. announced strong fiscal 2026 second quarter results with net revenue of $14.4 billion, a 9.0% increase year-over-year. Non-GAAP diluted net EPS grew 21.1% to $0.86, surpassing the company's outlook, while GAAP diluted net EPS of $0.49 was below expectations. The company generated $0.8 billion in free cash flow and returned $374 million to shareholders through dividends and share repurchases. HP also updated its full-year fiscal 2026 non-GAAP diluted net EPS guidance to $2.90-$3.10 and anticipates $2.8-$3.0 billion in free cash flow.
Key Highlights
- Q2 FY26 Net Revenue grew 9.0% to $14.4 billion.
- Q2 FY26 Non-GAAP Diluted EPS rose 21.1% to $0.86, exceeding outlook.
- Q2 FY26 GAAP Diluted EPS increased 16.7% to $0.49, below outlook.
- Generated $0.8 billion in free cash flow in Q2 FY26.
- Returned $374 million to shareholders via dividends and share repurchases.
- Personal Systems net revenue increased 13% to $10.2 billion.
- Printing net revenue was flat year-over-year at $4.2 billion.
- Updated FY26 non-GAAP diluted EPS guidance to $2.90-$3.10.
Price Impact
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