HP Inc. Posts 9% Revenue Growth in Q2 2026 Amid Rising Commodity Costs
Event summary
- HP Inc. reported fiscal Q2 2026 revenue of $14.4 billion, up 9% year-over-year.
- GAAP diluted net EPS rose 16.7% to $0.49, while non-GAAP diluted net EPS increased 21.1% to $0.86.
- Personal Systems revenue grew 13%, driven by 14% increase in Commercial PS and 10% in Consumer PS.
- Printing revenue remained flat at $4.2 billion, with Consumer Printing down 10% and Commercial Printing flat.
- HP generated $0.8 billion in free cash flow and returned $374 million to shareholders.
The big picture
HP Inc.'s Q2 2026 results highlight its strategic focus on intelligent devices and edge AI, driving growth in Personal Systems despite challenges in the Printing segment. The company's ability to manage rising commodity costs and sustain its financial performance will be critical in a competitive tech hardware market. With a strong cash position and shareholder returns, HP is positioning itself for long-term growth through AI-powered innovations.
What we're watching
- Execution Risk
- How HP will navigate rising commodity costs while maintaining its growth trajectory.
- Market Dynamics
- Whether the 13% growth in Personal Systems can be sustained amid competitive pressures.
- Strategic Shifts
- The pace at which HP can transition its Printing segment to offset declines in Consumer Printing.
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