HP Inc. Q3 2026 Earnings Recap

HP shares fell 2.9% after earnings. The results were mixed: Personal Systems grew, but Print revenue declined 2%, and the transcript does not provide enough of the call to assess whether outlook or guidance disappointed.

Key Takeaways

• Revenue was $15.7 billion, up 13% year over year; HP said it was a record Q3 and its ninth consecutive quarter of top-line growth.
• Personal Systems revenue rose 18%, with growth across commercial and consumer segments. HP said AI PCs are still expected to reach 50% of shipment mix by fiscal year-end.
• Print revenue declined 2% in a competitive market. HP gained 4 points of share in big-tank printers, while Industrial Printing marked its 12th consecutive quarter of revenue growth.
• HP said key growth areas grew 46% year over year and that EPS exceeded its expectations, including when excluding a tariff refund benefit. The transcript excerpt provides no EPS figure.
• Management highlighted commodity headwinds and described mitigation efforts; the excerpt ends before any detailed forward guidance.