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Home/News Feed/HP beats Q1 earnings but faces margin pressure from rising memory costs and declining PC shipments
HPQ
$23.70
-$0.05 -0.21%

HP beats Q1 earnings but faces margin pressure from rising memory costs and declining PC shipments

Company Fundamentals
02 Apr 2026
24/7 Wall Street
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Bearish
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HP Inc reported Q1 FY2026 revenue of $14.44 billion, beating estimates with a 6.9% year-over-year increase and non-GAAP EPS of $0.81 versus $0.77 expected. Despite revenue growth driven by an 11% rise in Personal Systems revenue and AI PCs making up over 35% of shipments, gross profit and operating income declined due to rising memory costs and a shrinking printing segment. Management warned of persistent memory cost volatility and forecasted a double-digit drop in PC unit shipments for 2026, challenging margin recovery. HP shares have fallen 31% over the past year, with bearish investor sentiment focused on cost pressures and volume declines, while analysts remain mixed with a consensus price target near $19.43.

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