HP Shares Are Down 31% Over the Past Year Despite a Revenue Beat

NodeGuardian · 2026-04-02T23:36:03+00:00

HP Inc. reported better-than-expected Q1 FY2026 revenue and EPS, yet its shares declined 31% over the past year due to memory cost issues and falling printing revenue. The company expects continued challenges, including memory volatility and a drop in PC shipments.

NodeGuardian

2026-04-02 23:36:03

Abstract generation in progress

Despite HP Inc. (HPQ) beating Q1 FY2026 revenue and non-GAAP EPS estimates, its shares have fallen 31% over the past year due to significant memory cost headwinds and declining printing revenue. Although AI PCs now constitute over 35% of PC shipments, gross profit and operating income have declined, and management anticipates persistent memory volatility and a double-digit drop in PC unit shipments for 2026. This ongoing margin pressure from component inflation and volume decline is also affecting competitors like Dell.

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