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

*this image is generated using AI for illustrative purposes only.
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?




























