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HP HPQ Q1 2026 earnings

Reported February 24, 2026 · After market close

Revenue$14.4BBeat by $497.8M
EPS$0.81Beat by $0.05
Revenue estimate$13.9B
EPS estimate$0.77

Next report

Nov 24, 2026 (in 3 months)
Revenue estimate$14.4B
EPS estimate$0.67

Financials

Q1 2026

Income statement

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Revenue$14.4B+6.9%
Gross profit$2.8B-0.2%
Operating income$759.0M-10.2%
Net income$545.0M-3.5%
EPS (diluted)$0.58-1.7%

Balance sheet

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Cash & equivalents$3.2B+9.0%
Total debt$11.7B-4.3%
Total equity-$766.0M+28.5%
Total assets$41.5B+6.7%

Cash flow

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Operating cash flow$383.0M+2.4%
CapEx$233.0M-22.8%
Free cash flow$150.0M+108%

Valuation & ratios

Valuation

as of 01/31/26
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Market cap$17.85B-41.4%
Enterprise value$26.44B-33.7%
P/E7.1×-4.1×
P/S0.3×-0.2×

Profitability

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Gross margin20.3%-1.6pp
Operating margin5.5%-1.4pp
Net margin4.5%-0.6pp
FCF margin5.1%-0.9pp

Returns & leverage

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Current ratio0.8×0.0×

Segments

By segment

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Personal Systems$10.3B+11.1%
Printing$4.2B-2.2%
Corporate Investments-—

By geography

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Americas$5.6B+1.1%
Europe, Middle East and Africa$5.2B+9.9%
Asia-Pacific and Japan$3.6B+12.5%

By product

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Services$840.0M+3.8%

FAQ

When did HP report Q1 2026 earnings?
HP (HPQ) reported Q1 2026 earnings on February 24, 2026 after market close.
What were HP's Q1 2026 revenue and EPS?
HP reported revenue of $14.4B and eps of $0.81 for Q1 2026.
Did HP beat estimates in Q1 2026?
Revenue beat the consensus estimate of $13.9B by $497.8M. EPS beat the consensus estimate of $0.77 by $0.05.
How did HP's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.9% from $13.5B a year earlier and eps grew 9.5% from $0.74.
Where can I find HP's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000047217-26-000009) and the 10-Q periodic report (0000047217-26-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.