HP Inc Q3 Results: EPS expected at $0.66, down from $0.75

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Key Highlights
  • HP Inc. to report Q3 earnings on Aug. 26 with expected EPS of $0.66, down from $0.75 YoY
  • Revenue consensus stands at $14.39 billion, up from $13.93 billion in the prior-year quarter
  • Goldman Sachs maintains Sell rating with price target raised to $21
  • Citigroup, UBS, and JP Morgan maintain Neutral ratings with price targets between $25 and $26
  • Company declared a $0.30 per share cash dividend on June 16
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HP Inc. (NYSE: HPQ) will report third-quarter earnings after market close on Wednesday, Aug. 26. The Palo Alto-based technology firm faces expectations for a decline in profitability compared to the prior year period.

Analysts project quarterly earnings per share (EPS) of $0.66, a decrease from the $0.75 reported in the year-ago quarter. Consensus estimates place quarterly revenue at $14.39 billion, up from the $13.93 billion logged last year.

Analyst Ratings and Price Targets

Several prominent analysts have recently adjusted their outlooks for HP shares. Goldman Sachs analyst Michael Ng maintained a Sell rating while raising the price target from $19 to $21 on Aug. 12, 2026. Ng holds an accuracy rate of 77%.

Other major firms have also revised targets upward while maintaining neutral or hold stances:

Analyst Firm Rating New Price Target Previous Target Date
Michael Ng Goldman Sachs Sell $21 $19 Aug. 12, 2026
David Vogt UBS Neutral $26 $20 May 28, 2026
Asiya Merchant Citigroup Neutral $25 $20 May 28, 2026
Samik Chatterjee JP Morgan Neutral $26 $22 May 28, 2026
Krish Sankar TD Cowen Hold $26 $20 May 28, 2026

Citigroup’s Asiya Merchant has the highest accuracy rate among the group at 92%, followed by JP Morgan’s Samik Chatterjee at 86%.

Dividend and Market Reaction

On June 16, HP declared a cash dividend of $0.30 per share on its common stock. Following the news flow, HP shares gained 3.3% to close at $29.52 on Tuesday.

What the Numbers Show

The consensus revenue estimate of $14.39 billion implies a modest top-line growth of approximately 3.3% against the $13.93 billion reported in the prior-year quarter. However, the expected drop in EPS from $0.75 to $0.66 suggests that margin compression or increased costs may be offsetting the revenue gains, indicating a divergence between top-line performance and bottom-line profitability.

What specific cost drivers or margin pressures are expected to cause the projected decline in EPS despite modest revenue growth?

How might HP's guidance for the fourth quarter influence investor sentiment given the current divergence between top-line and bottom-line performance?

Will the recent upward revisions in analyst price targets signal a shift in market perception regarding HP's long-term valuation despite the 'Sell' and 'Neutral' ratings?

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HP Inc. Q3 Results: Earnings call set for August 26

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Reviewed by
Ashish TScanX News Team
Key Highlights

HP Inc. schedules its Q3 FY26 earnings call for August 26, 2026. The company will subsequently host executive sessions at Goldman Sachs, Citi, and J.P. Morgan conferences in September.

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HP Inc. will present a live audio webcast of its conference call to review financial results for the third fiscal quarter ended July 31, 2026, on Wednesday, August 26, 2026, at 5:30 p.m. ET / 2:30 p.m. PT. The announcement provides investors with the timeline for accessing the company's latest operational and financial performance data ahead of broader market commentary.

The webcast will be available at https://investor.hp.com/ . A replay of the audio webcast will remain available at the same website for approximately one year following the initial broadcast. This ensures that stakeholders who cannot attend the live event can review the management's discussion of the quarterly performance.

Following the earnings release, HP Inc. executives will engage with investors at several upcoming conferences. These events offer a platform for deeper dialogue regarding the company's strategic direction and market positioning in the technology sector.

Investor Conference Schedule

Conference Date Location Executive Role
Goldman Sachs Communacopia + Technology Conference 2026 September 8, 2026 San Francisco, CA Karen Parkhill Chief Financial Officer
Citi's 2026 Global TMT Conference September 9, 2026 New York, NY Alok Juyal Global Treasurer and Head of Investor Relations
J.P. Morgan Rising Tech Leaders Forum 2026 September 10, 2026 New York, NY Ketan Patel President of Personal Systems

Karen Parkhill, Chief Financial Officer, will include a fireside chat at the Goldman Sachs conference at 1:05 p.m. PT / 4:05 p.m. ET. A live webcast and replay of this presentation will be available at https://investor.hp.com/ . Alok Juyal, Global Treasurer and Head of Investor Relations, will represent the company at Citi's 2026 Global TMT Conference. Ketan Patel, President of Personal Systems, will speak at the J.P. Morgan Rising Tech Leaders Forum 2026.

How might HP's Q3 2026 financial results influence its strategic allocation of capital between AI-driven hardware innovation and traditional PC market share defense?

What specific guidance will CFO Karen Parkhill provide regarding full-year 2026 revenue targets in light of current supply chain dynamics and global demand shifts?

How is HP Inc. positioning its Personal Systems division to capitalize on the emerging AI PC replacement cycle during the upcoming J.P. Morgan forum?

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