NYSE$HPQ
Hewlett Packard · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
HP Inc. reported fiscal Q1 2026 revenue of $14.4B, net income of $545M, and diluted EPS of $0.58.
First-quarter net revenue rose 6.9% to $14.4 billion with Personal Systems revenue up 11% to $10.3 billion on AI PC momentum. GAAP diluted EPS was $0.58; non-GAAP diluted EPS was $0.81. The company returned $0.6 billion to shareholders and generated $175 million of free cash flow.
- Q1 revenue $14.4B (+6.9% YoY); Personal Systems $10.3B (+11%).
- Non-GAAP diluted EPS $0.81 (+9.5% YoY).
- Q2 FY26 non-GAAP EPS guide $0.70–$0.76; FY26 guide maintained but toward low end.
- Memory cost headwinds cited for cautious full-year outlook.
Headline financials
Revenue & EPS history
HP · Revenue · Quarterly
$14.6B
Revenue by segment
HP · $27.6B total across 7 segments · Q4 2023
- Personal Systems$9.4B-8.5%34.0%
- Commercial PS$6.21B—22.5%
- Printing$4.42B-2.5%16.0%
- Consumer PS$3.19B—11.5%
- Supplies$2.82B+2.7%10.2%
- Commercial Printing$1.06B—3.9%
- Consumer Printing$533M—1.9%
Forward guidance
HP maintained fiscal 2026 GAAP EPS guidance of $2.47–$2.77 and non-GAAP EPS of $2.90–$3.20 but expects results toward the low end amid memory cost inflation. Q2 FY26 non-GAAP EPS is guided to $0.70–$0.76.
Tailwinds
- AI PC momentum in Personal Systems (+11% revenue).
- FY26 free cash flow guide $2.8B–$3.0B.
- Returned $0.6B to shareholders in Q1.
Headwinds
- Increasing memory costs pressuring margins.
- Printing revenue down 2% YoY in Q1.
- Management expects FY26 results near low end of range.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
-0.3%
Avg return
Earnings day
+0.0%
Avg return
5 days after
-2.0%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+17.8%
Q2 2013
Best reaction
-17.4%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.1% | +7.9% | — | |
| Q1 2026 | +0.9% | +2.7% | +6.8% | |
| Q4 2025 | +3.0% | +0.3% | -4.4% | |
| Q3 2025 | +4.3% | +6.8% | -1.5% | |
| Q2 2025 | -8.9% | -6.7% | -8.9% | |
| Q1 2025 | +0.1% | +1.8% | -6.2% | |
| Q4 2024 | -11.8% | -9.8% | -14.9% | |
| Q3 2024 | -0.4% | +1.6% | -0.5% | |
| Q2 2024 | +15.8% | +6.6% | +5.7% | |
| Q1 2024 | -1.7% | +0.8% | +4.8% | |
| Q4 2023 | +2.4% | +2.3% | +7.7% | |
| Q3 2023 | -6.5% | -3.1% | -18.4% | |
| Q2 2023 | -7.2% | -2.4% | -3.1% | |
| Q1 2023 | -1.8% | -2.7% | -1.7% | |
| Q4 2022 | +2.6% | +0.4% | -10.5% | |
| Q3 2022 | -8.9% | -12.3% | -20.6% | |
| Q2 2022 | +4.1% | +2.7% | -15.4% | |
| Q1 2022 | -1.1% | +5.5% | +12.7% | |
| Q4 2021 | +11.0% | +8.3% | +17.9% | |
| Q3 2021 | -1.6% | +1.2% | -5.1% | |
| Q2 2021 | -9.1% | -7.2% | -7.6% | |
| Q1 2021 | +3.6% | +7.4% | +13.2% | |
| Q4 2020 | +5.0% | +5.1% | +14.5% | |
| Q3 2020 | +8.3% | +5.1% | -0.2% | |
| Q2 2020 | -12.0% | -11.3% | -2.6% | |
| Q1 2020 | +2.9% | -8.4% | -32.2% | |
| Q4 2019 | -1.8% | -0.3% | +2.7% | |
| Q3 2019 | -6.1% | -6.5% | -2.6% | |
| Q2 2019 | +4.3% | +2.4% | +7.8% | |
| Q1 2019 | -17.4% | -18.3% | -18.7% | |
| Q4 2018 | -1.8% | -0.8% | -13.2% | |
| Q3 2018 | -1.4% | +0.0% | +5.5% | |
| Q2 2018 | +1.1% | +3.5% | +3.5% | |
| Q1 2018 | +4.5% | +11.1% | +3.2% | |
| Q4 2017 | -3.5% | -4.0% | -3.9% | |
| Q3 2017 | +2.1% | +0.8% | +4.8% | |
| Q2 2017 | -3.1% | -2.6% | -6.1% | |
| Q1 2017 | +9.1% | +9.4% | +6.8% | |
| Q4 2016 | -7.1% | -5.1% | -5.4% | |
| Q3 2016 | -1.4% | -1.0% | +3.6% | |
| Q2 2016 | +9.5% | +10.6% | +2.9% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | -11.2% | — | — | |
| Q3 2015 | -1.0% | — | — | |
| Q2 2015 | +5.1% | — | — | |
| Q1 2015 | -9.2% | — | — | |
| Q4 2014 | +4.4% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | +3.7% | — | — | |
| Q1 2014 | +1.1% | — | — | |
| Q4 2013 | +8.0% | — | — | |
| Q3 2013 | -14.0% | — | — | |
| Q2 2013 | +17.8% | — | — | |
| Q1 2013 | +15.0% | — | — | |
| Q4 2011 | -3.1% | — | — | |
| Q4 2012 | -10.3% | — | — | |
| Q3 2012 | -11.5% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | -7.9% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | +2.2% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q1 2009 | +1.1% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q4 2007 | +0.3% | — | — | |
| Q2 2009 | +0.3% | — | — | |
| Q4 2008 | +2.0% | — | — | |
| Q3 2009 | +2.0% | — | — | |
| Q3 2008 | +2.0% | — | — |
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