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HP (HPQ) Reports Q2 Earnings: What Key Metrics Have to Say

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HP (HPQ - Free Report) reported $14.41 billion in revenue for the quarter ended April 2026, representing a year-over-year increase of 9%. EPS of $0.86 for the same period compares to $0.71 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $13.92 billion, representing a surprise of +3.52%. The company delivered an EPS surprise of +20.11%, with the consensus EPS estimate being $0.72.

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:
  • Days in accounts payable: 151.00 Days compared to the 140.50 Days average estimate based on two analysts.
  • Days of sales outstanding in accounts receivable: 38.00 Days compared to the 31.00 Days average estimate based on two analysts.
  • Days of supply in inventory: 73.00 Days versus 72.00 Days estimated by two analysts on average.
  • Cash conversion cycle: 40.00 Days versus 37.50 Days estimated by two analysts on average.
  • Net revenue- Personal Systems- Commercial PS: $7.74 billion versus $7.32 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change.
  • Net revenue- Personal Systems- Consumer PS: $2.47 billion versus $2.48 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.
  • Net revenue- Personal Systems: $10.21 billion versus $9.8 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.2% change.
  • Net revenue- Printing- Supplies: $2.75 billion versus $2.74 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change.
  • Net revenue- Printing- Commercial Printing: $1.17 billion versus the two-analyst average estimate of $1.14 billion. The reported number represents a year-over-year change of +0.1%.
  • Net revenue- Printing- Consumer Printing: $273 million versus $290.12 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.
  • Net revenue- Printing: $4.2 billion versus the two-analyst average estimate of $4.18 billion. The reported number represents a year-over-year change of +0.3%.
  • Earnings from operations- Personal Systems: $530 million versus $445.84 million estimated by two analysts on average.

View all Key Company Metrics for HP here>>>

Shares of HP have returned +23.8% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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