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HP 8-K Report, Financial Results (Feb 24, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed February 24, 2026
Period End
February 24, 2026
Security
HPQ
In the record · 2016–202610-K1310-Q338-K140

HPQ filed 13 annual reports (10-K), 33 quarterly reports (10-Q) and 140 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jun ’18Jun ’18
  2. Leadership change8-K · Sep ’20Sep ’20
  3. Restructuring8-K · Nov ’22Nov ’22
  4. Restructuring8-K · Feb ’25Feb ’25

01—Abstract

Summary

Summary of the 8-K filed February 24, 2026. Cited figures are marked; the original filing is the authoritative source.

HP Inc. reported fiscal 2026 first-quarter results for the quarter ended January 31, 2026.

Net revenue was $14.4 billiona, up 6.9% (up 5.2% in constant currency) from the prior-year period. GAAP diluted net EPS was $0.58, down from $0.59, while non-GAAP diluted net EPS was $0.81, up 9.5% from $0.74. Both EPS figures fell within the previously provided outlook ranges.

Net cash provided by operating activities was $383 millionb and free cash flow was $175 million. HP returned $0.6 billion to shareholders through share repurchases and dividends during the quarter. By segment, Personal Systems net revenue was $10.3 billion, up 11% year over year, with a 5.0% operating margin, and Commercial and Consumer PS units both grew.

Printing net revenue was $4.2 billionc, down 2%, with an 18.3% operating margin. HP ended the quarter with $3.2 billion in gross cash and a stockholders' deficit of $(766) million. For fiscal 2026 second quarter, HP estimates GAAP diluted net EPS of $0.52 to $0.58 and non-GAAP diluted net EPS of $0.70 to $0.76.

HP maintained its full-year fiscal 2026 guidance, with GAAP diluted net EPS of $2.47 to $2.77d, non-GAAP diluted net EPS of $2.90 to $3.20, and free cash flow of $2.8 to $3.0 billion. However, CFO Karen Parkhill said that, given increasing memory costs and a fluid operating environment, HP currently expects results at the low end of the full-year ranges for GAAP EPS, non-GAAP EPS and free cash flow. HP's outlook reflects added costs from current U.S. trade-related regulations and associated mitigation plans.

02—Key points

Key Highlights

  1. Net revenue of $14.4 billion, up 6.9% (up 5.2% in constant currency) year over year.
  2. GAAP diluted net EPS of $0.58, versus $0.59 a year earlier; non-GAAP diluted net EPS of $0.81, up 9.5% from $0.74.
  3. Personal Systems net revenue of $10.3 billion, up 11%, with a 5.0% segment operating margin; Printing net revenue of $4.2 billion, down 2%, with an 18.3% operating margin.
  4. Net cash from operating activities of $383 million and free cash flow of $175 million; $3.2 billion of gross cash at quarter end.
  5. Returned $0.6 billion to shareholders via share repurchases ($325 million for about 13.3 million shares) and dividends ($277 million paid).
  6. Fiscal 2026 full-year guidance maintained, but HP expects results near the low end of the ranges for GAAP EPS, non-GAAP EPS and free cash flow due to increasing memory costs and trade-related regulations.
  7. Q2 fiscal 2026 outlook: GAAP diluted net EPS of $0.52 to $0.58 and non-GAAP diluted net EPS of $0.70 to $0.76.

03—Questions

Frequently Asked Questions

  1. How did HP perform in the fiscal 2026 first quarter?

    HP reported net revenue of $14.4 billion, up 6.9% year over year. GAAP diluted net EPS was $0.58, down from $0.59, and non-GAAP diluted net EPS was $0.81, up from $0.74. Both EPS results were within HP's previously provided outlook ranges.

  2. Did HP change its full-year fiscal 2026 guidance?

    HP maintained its annual guidance: GAAP diluted net EPS of $2.47 to $2.77, non-GAAP diluted net EPS of $2.90 to $3.20, and free cash flow of $2.8 to $3.0 billion. However, HP now expects results at the lower end of these ranges for GAAP EPS, non-GAAP EPS and free cash flow.

  3. What factors are affecting HP's outlook?

    CFO Karen Parkhill cited increasing memory costs and a fluid operating environment. HP's outlook also reflects added costs from current U.S. trade-related regulations, along with the associated mitigation plans HP is executing.

  4. How did HP's segments perform?

    Personal Systems net revenue was $10.3 billion, up 11% year over year, with a 5.0% operating margin, and Consumer PS revenue rose 16%. Printing net revenue was $4.2 billion, down 2%, with an 18.3% operating margin, and Supplies revenue fell 1%.

  5. What is HP's leadership and cash return activity?

    Bruce Broussard serves as Interim CEO, and Karen Parkhill is CFO. During the quarter, HP paid $277 million in dividends at $0.30 per share and spent $325 million repurchasing about 13.3 million shares, ending the quarter with $3.2 billion in gross cash.

04—Continue

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