Core Viewpoint - HP has issued a profit warning, indicating that the volatility in memory chip prices will persist into next year, leading to a projected double-digit decline in PC shipments, which caused its stock to drop approximately 6% in after-hours trading [1][3]. Group 1: Financial Forecast - For the fiscal year ending October 31, 2026, HP expects adjusted earnings per share to be at the lower end of the previously forecasted range of $2.90 to $3.20 [3]. - The company acknowledged that the weakness in the PC market has exceeded prior expectations, with shipment declines aligning with overall industry trends [3]. Group 2: Profitability and Cost Pressures - HP's adjusted operating profit margin for the first fiscal quarter of 2026 was reported at 6.9%, below the market average expectation of 7.4%, indicating ongoing cost pressures affecting profitability [3]. Group 3: Strategic Responses - To mitigate the impact of rising memory chip prices, HP has implemented several self-help measures, including price increases to pass on some costs, expanding its supplier network to reduce dependency, and optimizing product designs to decrease memory chip usage [3]. - The company announced that these strategic initiatives have made progress, including the completion of the certification process for new suppliers [3].

摩根大通将惠普公司目标价从21美元下调至19美元。 来源：滚动播报 ...

摩根大通将惠普的目标价从21美元下调至19美元。 ...

Financial Performance - For the quarter ended January 2026, HP reported revenue of $14.44 billion, a 6.9% increase year-over-year, and EPS of $0.81, up from $0.74 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $14.26 billion by 1.22%, and the EPS also surpassed the consensus estimate of $0.77 by 4.65% [1] Key Metrics - Personal Systems revenue was $10.25 billion, a year-over-year increase of 11.1%, but below the average estimate of $10.39 billion [4] - Commercial Personal Systems revenue was $7.25 billion, a 9.2% increase year-over-year, but below the average estimate of $7.43 billion [4] - Consumer Personal Systems revenue reached $3 billion, exceeding the estimated $2.96 billion, with a year-over-year growth of 16.3% [4] - Printing revenue totaled $4.19 billion, slightly above the average estimate of $4.14 billion, but represented a year-over-year decline of 1.9% [4] Operational Earnings - Earnings from operations in Personal Systems were $511 million, below the average estimate of $568.76 million [4] - Corporate Investments reported a loss of $24 million, significantly better than the estimated loss of $155.43 million [4] - Earnings from operations in Printing were $765 million, slightly above the average estimate of $759.07 million [4] Stock Performance - HP shares have returned -5.7% over the past month, compared to a -1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

HP (HPQ) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +4.65%. A quarter ago, it was expected that this personal computer and printer maker would post earnings of $0.91 per share when it actually produced earnings of $0.93, delivering a surprise of +2.2%.Over the last four quarters, ...

芯片股普涨，AMD狂飙超8%，此前Meta宣布与这家半导体公司达成一项多年协议。英特尔涨逾5%， 台积电涨超4%，ARM、高通涨逾3%。值得注意的是，因存储芯片打压业绩展望，惠普盘后大跌近 7%。 做空机构香橼资本周二发帖称，已经对存储牛股闪迪建立空头头寸。受此影响，闪迪股价盘中跳水一度 跌超8%，最终收跌4.2%。 0:00 周二（2月24日），美国三大股指全线收涨，道指、标普500指数涨超0.7%，纳指涨1%，全市场超3500 股上涨。 ...

惠普发布2026财年第一财季业绩，净营收144.4亿美元，同比增长6.9%，较分析师预期的139亿美元高出 约3.2%；非GAAP每股收益0.81美元，较上年同期的0.74美元增长9.5%，亦超出市场共识预期0.77美元 约5.3%。 推动业绩超预期的核心引擎来自个人系统业务，PC部门营收同比强劲增长11%至102.5亿美元，其中消 费者PC更录得16%的高增速，AI PC持续放量是重要驱动力。 然而，打印业务营收同比下滑2.2%至41.9亿美元，消费者打印更大幅萎缩8%。更令投资者担忧的是前 瞻指引。公司预计第二财季非GAAP每股收益区间为0.70至0.76美元，中值0.73美元低于市场预期的0.75 美元。 CFO Karen Parkhill直言，随着内存成本持续上行，公司虽维持全年指引，但预计实际结果"将偏向低水 平区间"。临时CEO Bruce Broussard则以"正在应对行业层面的逆风"来定性当前处境。 市场对本次财报最大的失望，集中在前瞻指引上。 财报公布后，惠普盘后股价快速下挫，跌幅逼近7%。 第二财季非GAAP每股收益指引区间0.70至0.76美元，中值0.73美元低于市场预期的0.75 ...

多重因素挤压利润空间 惠普正面临多重挑战。一方面，为应对美国关税影响，公司已将销往北美的大部分产品生产转移至中国 以外，但贸易政策的摇摆不定仍带来压力。另一方面，随着客户为更换旧设备和获得新的人工智能(AI) 功能而购买PC，市场需求有所回暖，但存储芯片的供应短缺和价格飙升成为新的难题。 惠普首席财务官Karen Parkhill在声明中称："在一个以内存成本不断上升为特征的动态环境中，我们刚 刚走过一个季度。我们维持全年展望，但预计最终业绩将更接近我们指引范围的低端。"她在随后与分 析师的电话会议中补充道，当前季度的内存价格相较前一季度已大约翻倍，预计未来还会进一步上涨。 智通财经获悉，个人电脑制造商惠普公司(HPQ.US)美东时间周二公布了2026财年第一季度财报及业绩 指引。该公司表示，受美国关税政策及存储芯片价格上涨的影响，第二财季的利润指引可能低于市场预 期，预计2026财年的全年盈利将处于此前预测范围的低端。 财报显示，在截至1月31日的第一财季，惠普营收同比增长6.9%，达到144亿美元，调整后每股收益为 81美分，双双优于市场预期(营收139亿美元，每股收益77美分)。然而，由于面临复杂的经营 ...

智通财经APP获悉，个人电脑制造商惠普公司(HPQ.US)美东时间周二公布了2026财年第一季度财报及 业绩指引。该公司表示，受美国关税政策及存储芯片价格上涨的影响，第二财季的利润指引可能低于市 场预期，预计2026财年的全年盈利将处于此前预测范围的低端。 惠普首席财务官Karen Parkhill在声明中称："在一个以内存成本不断上升为特征的动态环境中，我们刚 刚走过一个季度。我们维持全年展望，但预计最终业绩将更接近我们指引范围的低端。"她在随后与分 析师的电话会议中补充道，当前季度的内存价格相较前一季度已大约翻倍，预计未来还会进一步上涨。 财报显示，在截至1月31日的第一财季，惠普营收同比增长6.9%，达到144亿美元，调整后每股收益为 81美分，双双优于市场预期(营收139亿美元，每股收益77美分)。然而，由于面临复杂的经营环境，惠 普对未来的业绩表达了谨慎态度。 惠普在声明中表示，鉴于经营环境的流动性日益增强，目前预计2026财年的业绩将处于此前给出的每股 收益2.90至3.20美元指引范围的低端。对于截至4月的第二财季，公司预测调整后每股收益将在70至76美 分之间，而分析师的平均预期为75美分。 ...

Key TakeawaysFederal Reserve officials signaled a "wait and see" approach, maintaining interest rates in the 3.5% to 3.75% range as they evaluate the impact of AI-driven productivity and persistent inflation.Nvidia (NVDA) has yet to ship any H200 AI chips to China, according to U.S. Commerce Department officials, despite a policy shift in December allowing for case-by-case export reviews.HP Inc (HPQ) warned of prolonged memory chip volatility, with rising DRAM and NAND prices expected to impact margins thro ...