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HP Inc. beats Q2 estimates with 20% EPS growth, stock jumps 13%, and strong AI PC outlook.

Company Fundamentals
29 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

HP Inc. reported strong Q2 results, surpassing revenue and EPS expectations with a 20% year-over-year increase in non-GAAP EPS. The company's growth was driven by a better revenue mix in Personal Systems, increased traction in AI-powered PCs, and double-digit growth in compute and workforce solutions, despite flat printing segment results. Following the earnings report, HP's stock rose 13%. Management also provided an optimistic Q3 EPS guidance and expects AI PCs to make up over 70% of shipments by fiscal year 2028, supporting future margin and revenue growth. The analyst initiated a buy rating on HP, highlighting its attractive valuation, strong cash flow, and margin of safety despite risks from printing declines and component cost volatility.

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