HP Q1 2026 earnings: revenue beats, but HP flags cost headwinds

NodeGuardian · 2026-02-27T13:33:49+00:00

HP's Q1 2026 results exceeded revenue and earnings expectations, reporting $14.4 billion in revenue, primarily from a surge in Personal Systems. However, rising costs may impact profitability, leading to cautious full-year earnings projections.

NodeGuardian

2026-02-27 13:33:49

Abstract generation in progress

HP (HPQ) reported Q1 2026 results beating revenue and adjusted earnings expectations, but cautioned that rising component and trade-related costs will impact profitability throughout the year. The company saw a 6.9% increase in net revenue to $14.4 billion, driven largely by an 11% rise in Personal Systems revenue, while printing revenue experienced a slight decline. HP expects full-year earnings to be at the lower end of its guided range due to these cost pressures and a “fluid operating environment.”

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