惠普跌超3%创逾五年新低，Q1调整后营业利润率低于预期

Core Viewpoint - HP's stock dropped by 3.3% to $17.56, marking the lowest level since October 2020 despite a year-over-year revenue increase of 6.9% to $14.4 billion in Q1, with adjusted earnings per share of $0.81 exceeding market expectations [1] Financial Performance - HP reported Q1 revenue of $14.4 billion, reflecting a 6.9% year-over-year growth [1] - Adjusted earnings per share were $0.81, surpassing market expectations [1] - Adjusted operating profit margin was 6.9%, which fell short of the anticipated 7.4% [1] Future Guidance - The company projects that earnings per share for fiscal year 2026 will be at the lower end of the guidance range of $2.90 to $3.20 [1] - Multiple factors are squeezing profit margins, including uncertainties related to U.S. tariffs and a shortage of storage chips, which have seen prices surge [1]