Last mentioned: Feb 25, 2026
Memory Recovery
Earliest projected window for stabilization in the memory chip market according to HP leadership.
Fiscal Year End
End of fiscal 2026 where HP anticipates hitting the low end of its EPS guidance.
Tariff Evaluation
HP continues to monitor and adjust supply chains in response to Trump administration trade policies.
Q1 Earnings Release
HP beats revenue and profit estimates but warns of memory crunch and shipment slump.
HP Inc. reported a Q1 earnings beat but issued a cautious outlook for fiscal 2026, citing a persistent memory chip shortage and a double-digit decline in PC shipments. Despite strong AI PC adoption and Windows 11 upgrades, the company expects profits to hit the lower end of its guidance due to supply chain volatility and tariff pressures.
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.