HP(US:HPQ) ZACKS·2026-02-25 14:35Core Insights - HP Inc. reported first-quarter fiscal 2026 earnings of 81 cents per share, exceeding the Zacks Consensus Estimate by 5.2% and up from 74 cents per share a year ago [1] - The company posted revenues of $14.4 billion for the first quarter, a 6.7% year-over-year increase, surpassing the Zacks Consensus Estimate by 1.22% [2] Financial Performance - Personal Systems revenues, which account for 71.5% of net revenues, reached $10.3 billion, reflecting an 11% year-over-year growth [3] - Total PC units increased by 12%, with Consumer PS shipments up 14% and Commercial PS shipments up 11% [4] - The Printing business generated $4.2 billion, down 2% year over year, with total hardware units declining by 6% [4] Geographic Performance - Revenue growth was observed in all regions, with the Americas rising 1%, EMEA up 5%, and Asia Pacific & Japan growing 13% year over year [5] Margins and Cash Flow - HP's gross margin for the first quarter was 19.6%, influenced by a favorable mix from Personal Systems and cost reduction measures [5] - The company ended the quarter with $3.2 billion in cash, down from $3.7 billion in the previous quarter, and generated $383 million from operating activities [6] Guidance - HP expects fiscal 2026 non-GAAP earnings to range between $2.90 and $3.20, with the Zacks Consensus Estimate at $2.95, indicating a year-over-year decline of 5.5% [7] - For the second quarter of fiscal 2026, HP anticipates non-GAAP earnings per share between 70 cents and 76 cents, with a consensus estimate of 72 cents, reflecting a 1.4% year-over-year increase [9] Revenue Projections - The Zacks Consensus Estimate for HP's fiscal 2026 revenues is $55 billion, indicating a slight year-over-year decline of 0.1% [9][10]