HP Beats Q2 Estimates with 9% Revenue Growth and Narrowed EPS Outlook

SentiSense · Published May 27, 2026, 7:29 PM ET · Updated May 28, 2026, 10:36 AM ET

HP Inc. reported Q2 earnings that beat analyst expectations with adjusted EPS of 86 cents and 9% revenue growth to $14.41 billion. Despite the strong earnings beat, the stock fell in premarket trading as the company narrowed its full-year adjusted profit outlook to $2.90-$3.10 per share due to rising memory and storage costs.

HP Inc. reported a solid second quarter, delivering earnings per share (EPS) of 86 cents that beat analyst expectations by 21.13%. The company's revenue also rose 9% year-over-year to $14.41 billion, surpassing the Street estimate of $14.04 billion.

The strong earnings beat was driven by robust sales of personal systems and strong demand for AI-optimized PCs, which helped drive revenue growth. However, the company also warned of increasing memory costs, which are expected to pressure its profit margins throughout the year.

The narrowing of HP's full-year adjusted profit outlook to $2.90-$3.10 per share due to rising memory and storage costs, inflationary pressures, and higher energy-related input costs has raised concerns among investors. Despite the strong earnings beat and revenue growth, the stock fell in premarket trading.