Quarterly ResultMay 28, 2026, 06:07 AM
HP Q2 Revenue +9% to $14.41B; EPS $0.49; Restructuring Plan Update
AI Summary
HP Inc. reported strong second-quarter fiscal 2026 results with total net revenue increasing by 9% to $14.41 billion and diluted EPS rising to $0.49. The company also provided an update on its Fiscal 2026 Plan, which aims to reduce global headcount by 4,000-6,000 employees and has incurred $0.5 billion in costs to date, including $280 million in Special Termination Benefit expense. Operating cash flow significantly improved to $1.31 billion for the six months ended April 30, 2026.
Key Highlights
- HP approved Fiscal 2026 Plan to reduce global headcount by 4,000-6,000 employees.
- Total net revenue for Q2 FY26 increased 9% to $14.41 billion from $13.22 billion YoY.
- Diluted EPS for Q2 FY26 rose 17% to $0.49 from $0.42 YoY.
- Personal Systems net revenue for Q2 FY26 grew 13% to $10.21 billion.
- Printing net revenue for Q2 FY26 was flat at $4.20 billion.
- Net cash provided by operating activities for H1 FY26 was $1.31 billion, up from $0.41 billion YoY.
- Repurchased $425 million of common stock in H1 FY26, up from $200 million YoY.
- Incurred $0.5 billion in costs for Fiscal 2026 Plan as of April 30, 2026.
Price Impact
More from HPQ