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HP beats Q2 earnings estimates but cuts full-year profit outlook due to rising memory costs and slowing demand.

Company Fundamentals
28 May 2026
Proactive Investors
View Source
Neutral
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HP Inc reported second-quarter earnings per share of $0.86, beating estimates, with revenue up 9% to $14.4 billion. Personal Systems revenue rose 13% despite a 7% drop in unit shipments, driven by higher prices and AI PC demand. However, HP lowered its full-year profit forecast due to rising memory costs and slowing unit demand, expecting AI PCs to make up 50% of shipments in fiscal 2026. The company is also navigating a CEO transition and anticipates margin pressure from higher chip costs through the year.

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