HPQ HP (HPQ) Q1 FY26 earnings call
HP delivered solid Q1 FY26 results, driven by strong Personal Systems performance and increasing AI PC adoption. The company is actively implementing mitigation strategies to address significant rising memory costs, which are expected to pressure PS margins for the remainder of the year. Management remains committed to its Future of Work strategy and long-term financial targets despite the fluid operating environment.
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HPQ operating KPIs by quarter
| KPI | This call Jan 2026 Q1 FY26 | Apr 2026 Q2 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| AI PC share of shipments Personal Systems | 35%+This quarter, AI PC is accounted for over 35% and of our PC shipments, up from 30% in the prior quarter and 25% a quarter before.Source: earnings call transcript | 44%This includes continued momentum in AI PCs, which increased from more than 35% to 44% of our shipment mix in the quarter, as well as continued strength in Advanced Compute Solutions and Workforce Solutions.Source: earnings call transcript | 46%It contributed 46% of our mix, in line with our 40% to 50% forecast for FY '26.Source: earnings call transcript | +2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.