What is HP's personal systems — total cost of net revenue?

HP (HPQ) reported personal systems — total cost of net revenue of $8.67B in Q1 2026.

How has HP's personal systems — total cost of net revenue changed year-over-year?

HP's personal systems — total cost of net revenue increased by 11.9% year-over-year, from $7.75B to $8.67B.

What does personal systems — total cost of net revenue mean?

Includes the direct costs associated with producing and delivering hardware products, such as raw materials, manufacturing outsourcing fees, and logistics. It is a primary indicator of supply chain efficiency and the direct cost structure of the hardware business.

HP HPQ Personal Systems — Total cost of net revenue

Other segment segments

Printing

$2.7B0.0%

Corporate Investments

$1M0.0%

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OMDAHardware — Total Cost of Revenue

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Other financials

Income statement

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Revenue$14.4B+9.0%

Gross profit$3.0B+10.1%

Operating income$612.0M-6.4%

Net income$450.0M+10.8%

EPS (diluted)$0.49+16.7%

Balance sheet

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Cash & equivalents$3.7B+35.6%

Total debt$11.7B-11.8%

Total equity-$144.0M+88.7%

Total assets$42.9B+10.7%

Cash flow

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Operating cash flow$926.0M+2,337%

CapEx$170.0M-7.1%

Free cash flow$756.0M+621%

Valuation

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Market cap$20.06B-13.6%

Enterprise value$28.07B-16.9%

P/E7.9×-1.4×

P/S0.4×-0.1×

Profitability

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Gross margin20.3%-0.8pp

Operating margin5.3%-1.0pp

Net margin4.4%-0.2pp

FCF margin6.6%+1.7pp

Returns & leverage

See full

Return on equity-359.6%—

Debt / equity0.4×—

Current ratio0.8×+0.1×

Where this comes from

Reported directly by HP in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: HP’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HP's personal systems — total cost of net revenue?: HP (HPQ) reported personal systems — total cost of net revenue of $8.67B in Q1 2026.
How has HP's personal systems — total cost of net revenue changed year-over-year?: HP's personal systems — total cost of net revenue increased by 11.9% year-over-year, from $7.75B to $8.67B.
What does personal systems — total cost of net revenue mean?: Includes the direct costs associated with producing and delivering hardware products, such as raw materials, manufacturing outsourcing fees, and logistics. It is a primary indicator of supply chain efficiency and the direct cost structure of the hardware business.