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HP Inc

HP Inc

HPQ
$24.84USD↑+2.90%+0.70 today

MARKET CAP

22.7B

P/E (TTM)

7.4x

FWD P/E

9.0x

DAY RANGE

$24 – $25

52W RANGE

$18
$30

AI Summary

Stalk
Buy NowMedium

HPQ remains in a clear Stage 2 advancing phase within a long-term uptrend, validated by rising 9/21 EMAs and higher highs/lows. Medium-term bias is bullish, supported by volume on rallies and shallow pullbacks holding at dynamic support. Price is currently holding just above the 9/21 EMA confluence zone after a brief retracement, presenting a favorable buy entry. Under the Free Cash Flow + Buybacks strategy, execution should occur now into these support areas while monitoring for sustained EMA support.

  • ↑Revenue up 9% YoY to $15B; personal systems +13% driven by AI PC adoption (44% of shipments)
  • ↑Generated $800M free cash flow; returned ~$400M via dividends and buybacks
  • ↓Memory and storage cost inflation pressures operating margins below long-term range
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The case for & against

Bull & Bear analysis

Bullish

HP Inc. (NYSE: HPQ) is a leading provider in the technology sector, focusing on personal computers and printing solutions. With a significant shift towards AI integration, HP aims to enhance its competitive edge and adapt to the evolving landscape of workplace technology. The company caters to both consumer and commercial markets, pioneering innovations in AI-driven PCs and subscription models to foster recurring revenue streams in a market that is transitioning from traditional print to digital workflows.

Bull says

  • ↑Revenue up 9% YoY to $15B; personal systems +13% driven by AI PC adoption (44% of shipments)
  • ↑Generated $800M free cash flow; returned ~$400M via dividends and buybacks
  • ↑Embedding AI in PCs to accelerate product innovation and capture market share
  • ↑Dividend yield of 2.17% provides stable income amid tech sector volatility
  • ↑FY26 EPS guidance of $2.90–3.10 reflects pricing power and premium segment gains
  • ↑High earnings yield, attractive dividend income, manageable leverage, stable volatility

Bear says

  • ↓Memory and storage cost inflation pressures operating margins below long-term range
  • ↓Planned price increases likely to reduce unit demand and weigh on revenue
  • ↓Weak growth momentum and low revision trends challenge sustainable scaling
  • ↓Profitability conversion remains under pressure as costs outpace margin gains
  • ↓Elevated short interest signals market skepticism on near-term performance
  • ↓Balance sheet quality concerns and low profitability metrics raise downside risk

Investment themes with HPQ

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 05-28-2026neutral

Transcript signals

Bull points

  • We delivered another quarter of solid top line growth, driven by continued momentum in the personal systems commercial business, aligned with our vision of leading the future of work.
  • We delivered another quarter of solid growth in personal systems, with revenue up 7% nominally and 8% in constant currency.
  • We did see some demand pull forward, but estimate it was minimal, accounting for less than 1% of revenue growth.

Bear points

  • our non-GAAP operating profit fell short of expectations due to additional tariff costs that could not be fully mitigated in the quarter.
  • our operating margin was impacted by net tariff costs, mainly in personal systems.
  • gross margin at 20.7% was down year-over-year with increased tariff and commodity costs.
Read full transcript analysis ›