HP Inc stock reports 12.5 percent revenue growth

HP Inc stock stood at USD 31.74 on the NYSE at 11:10 a.m. ET on September 23, 2026, while the company reported fiscal third-quarter revenue of USD 15.7 billion, up 12.5 percent year over year. The latest figures put revenue growth beside a share price 12.4 percent below the 52-week high of USD 36.23.

Revenue growth meets margin pressure

According to Nasdaq, HP reported fiscal Q3 2026 revenue of USD 15.7 billion for the period ended July 31, 2026, compared with USD 13.9 billion a year earlier. GAAP diluted EPS was USD 0.71 versus USD 0.80 in the prior-year quarter, while non-GAAP diluted EPS rose to USD 0.83 from USD 0.75.

The quality of the growth is uneven. Personal Systems revenue increased 18 percent to USD 11.8 billion, but total units declined 16 percent. Printing revenue fell 2 percent to USD 3.9 billion, showing that the stronger PC business is carrying the quarter.

Consensus remains below the stock

MarketBeat reported on September 15, 2026, that analysts had a Hold consensus and an average 12-month price target of USD 25.77. The same report cited adjusted EPS of USD 0.83 against a USD 0.66 consensus estimate, a USD 0.17 beat.

That comparison matters more than the headline revenue increase. HP exceeded the quarter's adjusted earnings estimate, yet the average analyst target remained USD 5.97 below the September 23 share price. The gap reflects a market debate over whether PC demand can offset weaker printing trends and falling unit volumes.

PC outlook shapes the next test

As Yahoo Finance reported on September 21, 2026, HP expects global PC unit volumes to decline by a mid-single-digit percentage in calendar 2027 compared with 2026. The company linked the assumption to industry forecasts and described the outlook as part of its planning process.

For investors, the key tension is visible in the operating data: Personal Systems grew 18 percent in revenue while units fell 16 percent. HP therefore needs pricing, mix and commercial demand to sustain revenue growth if hardware volumes weaken.

Stock trades below yearly high

HP Inc stock was trading at USD 31.74 on the NYSE on September 23, 2026. Its market capitalization was USD 29,026,960,020, and its 52-week range was USD 17.56 to USD 36.23.