HPQ HP (HPQ) Q3 FY26 earnings call
HP delivered record Q3 FY26 revenue, driven by strong Personal Systems growth and increasing AI PC adoption, while Print faced competitive pressures. The company is actively managing rising commodity costs through mitigation plans and expects Personal Systems margins to trough in Q4 FY26 before recovering in FY27, positioning for continued growth in the AI era. The interim CEO outlined strategic priorities to strengthen the company for its next leader.
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HPQ operating KPIs by quarter
| KPI | Jan 2026 Q1 FY26 | Apr 2026 Q2 FY26 | This call 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.