Core Insights - PayPal has appointed Enrique Lores, former CEO of HP Inc, as its new chief executive, marking a significant move in Silicon Valley where a sitting CEO is poached from another public company [1] - PayPal reported Q4 2025 revenue of $14.64 billion, which is an 8% year-over-year increase but 11% below its starting point for 2026 [1] - Despite Lores' successful leadership at HP, where the Personal Systems segment grew, HP's stock has significantly declined, indicating a lack of market confidence in its future [1][2] Company Performance - PayPal's stock has been under pressure despite consistently beating earnings estimates, highlighting a disconnect between operational performance and stock market confidence [2] - Interim CEO Jamie Miller acknowledged that PayPal is struggling against competitors, indicating a need for strategic improvement [2] Strategic Implications - The decision to hire Lores suggests that PayPal is looking to modernize its business model in the fintech space, similar to what he attempted at HP [2] - Lores' initial focus will be on addressing PayPal's challenges in branded checkout, with a critical evaluation expected within his first 90 days [2]

Company Moves - PayPal has appointed Enrique Lores, former CEO of HP, as its new chief executive effective February 3, 2026, marking a rare instance of a public company poaching a sitting CEO from another [2][6] - Lores led HP through six consecutive quarters of revenue growth, with Q4 2025 revenue reaching $14.64 billion, surpassing the consensus estimate of $14.06 billion [3][6] Market Performance - Despite Lores' operational successes, HP's stock has declined by 36% over the past year and is currently 11% below its starting point for 2026, indicating a lack of market confidence in HP's future [3] - PayPal's stock has dropped 41% over the past year, even while consistently beating earnings estimates, suggesting that execution alone does not guarantee positive stock performance [4][6] Strategic Challenges - PayPal faces significant challenges in its branded checkout segment, with interim CEO Jamie Miller acknowledging that execution has not met expectations, indicating competitive pressures [4] - The strategic question arises regarding what insights HP's board may have that the market does not, as they release a CEO who achieved operational wins but could not reverse the decline of a legacy hardware business [4] - PayPal is betting that Lores can modernize its business model in fintech, similar to what he could not achieve at HP, with a focus on addressing branded checkout struggles and developing a credible AI-driven payments strategy by mid-2026 [4]

Core Viewpoint - HP CEO Enrique Lores will take over as the next chief executive of PayPal, succeeding Alex Chriss [1] Company Summary - Enrique Lores, currently the CEO of HP, is set to lead PayPal as its new chief executive [1]

Core Viewpoint - HPQ Silicon Inc. has increased its equity interest in Novacium SAS from 28.4% to 36.8%, reflecting a strategic move to enhance value participation as Novacium's technologies progress towards commercialization [1][5][11]. Transaction Details - The transaction involves HPQ acquiring an additional 8.4% interest in Novacium for a total consideration of C$4,033,425 (€2,500,000) through the issuance of common shares at a deemed price of C$0.18 per share [2][3]. - HPQ will issue a total of 22,407,916 common shares to three shareholders as part of this transaction [3]. Strategic Implications - The increased ownership is seen as a way to enhance HPQ's economic exposure to future upside while maintaining a disciplined investment approach [6][9]. - This move strengthens HPQ's participation in international revenues and royalty flows, particularly important given Novacium's portfolio of interdependent process technologies [7][8]. - The transaction is expected to improve alignment around intellectual property stewardship and commercialization strategy, reducing exposure to fragmented licensing and competing regional priorities [8][9]. Corporate Development Perspective - The increased stake enhances HPQ's flexibility regarding future strategic partnerships and value-realization paths while maintaining a disciplined capital deployment strategy [9]. - Management believes this transaction reduces execution risk by aligning HPQ more closely with Novacium's founders and technical leadership [9]. Technology Portfolio Expansion - Novacium represents a strategically important extension of HPQ's technology portfolio, focusing on multiple high-value platforms including battery materials, hydrogen systems, and circular-economy solutions [10][14]. - The company is developing silicon-based high-performance battery materials and hydrogen generation systems, which align with HPQ's broader energy-transition focus [15][16]. Execution Capabilities - Novacium's technical leadership and execution capabilities are considered key differentiators, allowing HPQ to extend its technical reach without duplicating infrastructure [18][19]. - The collaboration is expected to support execution across battery and hydrogen initiatives, reinforcing a partnership built around shared objectives and long-term value creation [20].

格隆汇2月3日｜惠普(HPQ.US)盘前跌2.2%，此前公司宣布领导层变动，其CEO洛雷斯辞职并转投 PayPal。 ...

每经AI快讯，2月3日，惠普公司股价盘前下跌2.2%。 ...

来源：滚动播报 惠普维持2026财年经调整后每股收益2.90 - 3.20美元的预期。 ...

HP Inc on Tuesday named Bruce Broussard as the company's interim chief executive officer effective immediately. ...

PALO ALTO, Calif., Feb. 03, 2026 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) will present a live audio webcast of a conference call to review financial results for the first fiscal quarter ended January 31, 2026 on Tuesday, Feb 24, 2026 at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at www.hp.com/investor/2026Q1Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About HP Inc. HP Inc. (NYSE: HPQ) ...

Core Viewpoint - HP Inc. has appointed Bruce Broussard as Interim CEO following the resignation of Enrique Lores, who is leaving to pursue other opportunities. The company is reaffirming its financial outlook for the first quarter and fiscal year 2026 [1][4]. Leadership Transition - Bruce Broussard, a Board member since 2021, will leverage his extensive experience in operational and financial management to advance HP's strategic priorities [2]. - Enrique Lores has served as CEO for the past seven years and has been instrumental in guiding HP through its transformation into an AI-driven technology company [3]. Strategic Direction - The company aims to lead the Future of Work, focusing on operational excellence and shareholder value creation [3]. - Broussard expressed commitment to driving strategic progress and maintaining stability during the CEO search process [3]. Financial Outlook - For the first quarter of fiscal 2026, HP expects GAAP diluted net EPS to be in the range of $0.58 to $0.66 and non-GAAP diluted net EPS to be between $0.73 and $0.81 [4]. - For the full fiscal year 2026, HP anticipates GAAP diluted net EPS between $2.47 and $2.77, and non-GAAP diluted net EPS in the range of $2.90 to $3.20 [5][6]. - The company projects free cash flow for fiscal 2026 to be between $2.8 billion and $3.0 billion, reflecting the impact of U.S. trade-related regulations [6]. Upcoming Events - HP will hold a live audio webcast on February 24, 2026, to review financial results for the first fiscal quarter ended January 31, 2026 [7]. Company Overview - HP Inc. operates in over 180 countries, delivering innovative and AI-powered devices, software, services, and subscriptions aimed at driving business growth and professional fulfillment [8].