• Reported GAAP EPS of $0.49 up 13.95% YoY • Reported revenue of $14.41B up 8.99% YoY • HP updated its fiscal 2026 non-GAAP diluted net EPS estimate to $2.90-$3.10 and anticipates generating $2.8B to $3B in free cash flow for the full fiscal year.
Bullish
HP achieved strong second quarter net revenue growth of 9.0% to $14.4B, driven by a 13% increase in Personal Systems revenue. The company also reported significant EPS growth and $800M in free cash flow.
Bearish
HP faced challenges with flat Printing net revenue and a 7% decline in total hardware units. The company's GAAP operating margin decreased by 0.7 percentage points, alongside increases in accounts receivable and inventory.