HP reckons memory chip crunch will linger next year, warns of PC sales slump

By Jaspreet Singh Feb 24 (Reuters) - HP Inc said on Tuesday it expected volatility in memory chips to persist even into next year and forecast a slump in its PC shipments, sending its shares down around ‌6% in extended trading. The personal devices maker said it expects adjusted profit for fiscal 2026 ending October ‌31 to be at the low end of its previously issued forecast of $2.90 to $3.20 per share. It anticipates PC unit shipments to decline in the double ​digits, in line with industry trends. HP, ...