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HP (HPQ) Reports Q1 Earnings: What Key Metrics Have to Say

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For the quarter ended January 2026, HP (HPQ - Free Report) reported revenue of $14.44 billion, up 6.9% over the same period last year. EPS came in at $0.81, compared to $0.74 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $14.26 billion, representing a surprise of +1.22%. The company delivered an EPS surprise of +4.65%, with the consensus EPS estimate being $0.77.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how HP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Net revenue- Personal Systems- Commercial PS: $7.25 billion versus the two-analyst average estimate of $7.43 billion. The reported number represents a year-over-year change of +9.2%.
  • Net revenue- Personal Systems- Consumer PS: $3 billion versus $2.96 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16.3% change.
  • Net revenue- Personal Systems: $10.25 billion versus $10.39 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.1% change.
  • Net revenue- Printing- Supplies: $2.8 billion compared to the $2.72 billion average estimate based on two analysts. The reported number represents a change of -1% year over year.
  • Net revenue- Printing- Commercial Printing: $1.11 billion compared to the $1.13 billion average estimate based on two analysts. The reported number represents a change of -3.4% year over year.
  • Net revenue- Printing- Consumer Printing: $283 million versus $289.53 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.4% change.
  • Net revenue- Printing: $4.19 billion versus the two-analyst average estimate of $4.14 billion. The reported number represents a year-over-year change of -1.9%.
  • Earnings from operations- Personal Systems: $511 million compared to the $568.76 million average estimate based on two analysts.
  • Earnings from operations- Corporate Investments: $-24 million versus $-155.43 million estimated by two analysts on average.
  • Earnings from operations- Printing: $765 million versus $759.07 million estimated by two analysts on average.

View all Key Company Metrics for HP here>>>

Shares of HP have returned -5.7% over the past month versus the Zacks S&P 500 composite's -1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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