HP (NYSE:HPQ) Q1 2026 Earnings call February 24, 2026 05:00 PM ET Company ParticipantsAmit Daryanani - Senior Managing DirectorAsiya Merchant - Technology Equity Research (Semiconductors, Technology Hardware, Telecommunications Equipment)Bruce Broussard - Interim CEOErik Woodring - Head of U.S. IT HardwareKaren Parkhill - CFOKaty Huberty - Global Director of Research and Managing DirectorKetan Patel - President of Personal SystemsOvais Chaudhry - Global Treasurer and Head of Investor RelationsSamik Chatterj ...

HP (NYSE:HPQ) Q1 2026 Earnings call February 24, 2026 05:00 PM ET Speaker11Good day, everyone, and welcome to the first quarter 2026 HP Inc. Earnings Conference Call. My name is Regina, and I will be your conference moderator for today's call. At this time, all participants will be in listen-only mode. We will be facilitating a question and answer session toward the end of the conference. Should you need assistance during the call, please signal a conference specialist by pressing the star key followed by z ...

Core Insights - The personal computer (PC) industry is experiencing a phase of stagnation in product design, with a shift towards mobile devices like smartphones and smartwatches [2] - The CES 2026 showcased innovative products that break away from traditional PC designs, indicating a potential renaissance in the PC market [4] Industry Developments - Major chip manufacturers Intel, AMD, and Qualcomm announced updates to their chip platforms, focusing on improved efficiency and performance for lightweight laptops [5] - NVIDIA has decided not to release new RTX 60 series graphics cards this year, potentially reviving production of the RTX 30 series to allocate resources for AI business [7] Product Innovations - HP's EliteBoard G1a was highlighted as a significant product at CES, resembling a simple keyboard and mouse set but functioning as a complete computer with modern specifications [10][12] - Lenovo introduced the ThinkBook Plus Gen 7 Auto Twist, featuring an electric hinge for automatic screen opening and intelligent tracking capabilities [24][31] - Lenovo's Yoga AIO i Aura Edition was presented as a stylish all-in-one PC, equipped with a 32-inch 4K OLED display and designed for creative professionals [36][42] Market Trends - The CES 2026 emphasized themes of "renaissance" and "form innovation" in PC products, as manufacturers seek to reinterpret past aesthetics with new technologies [54] - The industry is approaching a performance bottleneck, leading to a shift in consumer preferences towards design and functionality rather than just raw performance [55][59] - The year 2026 may pose challenges for traditional PCs but could also present opportunities for personalized and innovative PC designs [59]

Core Insights - CES 2026 showcases innovative consumer electronics that aim to enhance daily life and provide unique experiences, highlighting the intersection of technology and human interaction [1][61]. Group 1: Innovative Products - LG introduced CLOiD, a household robot designed to fold clothes, featuring a human-like upper body and the ability to communicate through expressions and language, aiming to automate a traditionally labor-intensive task [4][5][8]. - Vitas presented Vbot, an AI-powered robotic dog that can interact naturally with users and perform tasks like notifying owners of intruders or emergencies, targeting individuals seeking companionship without the responsibilities of pet ownership [13][19]. - Kcool's Glyde is an intelligent hair clipper that allows users to achieve desired hairstyles at home, utilizing AI to adjust cutting lengths based on selected styles, thus reducing the unpredictability of traditional barbers [20][27]. Group 2: Unique Concepts - HP unveiled the EliteBoard G1a, a keyboard that integrates a full computer, emphasizing portability and performance with options for high-end specifications, catering to professionals who require mobility [29][35]. - Razer's Project AVA is a holographic AI companion designed to enhance user interaction through a 3D character that can assist in gaming and daily tasks, representing a shift towards more emotionally engaging technology [36][45]. - LEGO introduced Smart Bricks, interactive building blocks that incorporate technology to provide sound and light feedback during play, merging traditional play with digital interactivity to engage children [48][54]. Group 3: Quirky Innovations - Lollipop Star is a candy that uses bone conduction technology to play music, presenting a novel yet impractical concept that combines food with audio entertainment, though it raises concerns about sustainability and usability [55][60].

Core Insights - HP Inc. has introduced new technologies at CES 2026, focusing on personal fulfillment as a key driver for business growth [1] - The company aims to address the fulfillment deficit in the workforce by providing innovative tools and technology [2] Group 1: Innovations and Product Launches - HP unveiled the HP EliteBoard G1a, the world's smallest and lightest AI PC, designed for mobility and local AI performance [3][4] - The HP EliteBook X G2 Series and HP OmniBook Ultra 14 are the first notebooks to offer up to 85 TOPS NPU for concurrent AI applications [3][4] - The HP OmniBook portfolio has been updated with Snapdragon® X2 and OLED displays, featuring the longest battery life in a 16-inch OLED consumer AI PC notebook [3] - HP integrated Microsoft Copilot into HP Office Print devices, enhancing productivity directly at the printer [4] - The Workforce Experience Platform (WXP) has received new firmware-level recovery capabilities for faster IT issue resolution [4] - HP has unified its gaming brands under HyperX, launching the HyperX OMEN MAX 16, a powerful gaming laptop with advanced cooling technology [4] Group 2: Commitment to Sustainability - Since 2019, HP has utilized over 5 billion pounds of reused, recycled, or renewable materials in its products and packaging, supporting a circular economy [3][8] - The company is focused on driving sustainability and digital workforce development through partnerships and advocacy [8] Group 3: Future of Work Accelerator - The Future of Work Accelerator aims to expand access to technology and skills for disconnected communities, having served 35 nonprofits across 13 countries and reaching 11.3 million people since 2022 [5] - In 2026, the Accelerator will return to the U.S. and will be open to both nonprofits and for-profits, focusing on AI and the Future of Work [6]