HP Warns of Persistent Memory Chip Crunch and Double-Digit PC Sales Slump
HP Inc. has signaled a cautious outlook for fiscal 2026, forecasting a double-digit decline in PC shipments as a global memory chip shortage—fueled by AI data center demand—persists into next year. Despite beating first-quarter estimates, the company expects adjusted profits to hit the low end of its guidance due to rising component costs and potential tariff impacts.