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Get filing alertsHP reports Q3 revenue up 12.5% to $15.7B, raises full-year guidance on strong PC demand
Filed August 26, 2026 · Period ending August 26, 2026 · ~1 min read
Key Changes
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Q3 revenue rose 12.5% YoY to $15.7B; non-GAAP EPS of $0.83 beat guidance ($0.61–$0.71) and rose 10.7% YoY, including $0.11 benefit from tariff refunds.
Exhibit 99.1 view on EDGAR → -
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Raised FY26 non-GAAP EPS guidance to $3.19–$3.29 (from prior range) and free cash flow to $3.0–$3.2B, citing strong Q3 and improved memory supply.
Exhibit 99.1 view on EDGAR → -
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Personal Systems revenue jumped 18% to $11.8B (Commercial up 22%), though total units fell 16%; Printing revenue declined 2% to $3.9B with supplies down 3%.
Exhibit 99.1 view on EDGAR → -
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Generated $1.6B free cash flow in Q3, up 7% YoY; returned $600M to shareholders via $300M in buybacks (12.2M shares) and $274M in dividends ($0.30/share).
Exhibit 99.1 view on EDGAR → -
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Q4 FY26 non-GAAP EPS guidance of $0.69–$0.79 includes $0.08 benefit from estimated tariff refunds; company continues to navigate cost pressures while investing in AI products.
Exhibit 99.1 view on EDGAR →
Summary
HP delivered a strong fiscal third quarter, with revenue climbing 12.5% year-over-year to $15.7 billion and non-GAAP earnings per share of $0.83 beating the high end of guidance by $0.12.
The Personal Systems segment drove growth with 18% revenue expansion to $11.8 billion, led by 22% growth in Commercial PC sales, though total unit shipments declined 16% as the company focused on higher-margin premium products and AI-enabled PCs. Printing revenue slipped 2% to $3.9 billion with supplies down 3%, reflecting ongoing softness in that segment.
Both GAAP and non-GAAP EPS benefited by $0.11 from tariff refunds. Management raised full-year guidance, now expecting non-GAAP EPS of $3.19–$3.29 (including $0.19 from tariff refunds) and free cash flow of $3.0–$3.2 billion, up from prior ranges. The company generated $1.6 billion in free cash flow during the quarter and returned $600 million to shareholders through $300 million in buybacks and $274 million in dividends. With $4.2 billion in gross cash and improved memory supply conditions, HP appears positioned to sustain its momentum, though the Printing segment's persistent revenue decline and the reliance on tariff refunds for the EPS beat warrant attention in coming quarters.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
HP Inc. disclosed Q3 FY2026 financial results for the quarter ended July 31, 2026.
Added in current filing · verify on EDGAR →
On August 26, 2026, HP Inc. (“HP”) issued a news release relating to the results of operations for its fiscal quarter ended July 31, 2026.
HP Inc. announced its financial results for the fiscal third quarter ended July 31, 2026. The 8-K references a news release attached as Exhibit 99.1 containing the detailed results, but the body of the 8-K itself does not disclose specific financial metrics such as revenue, earnings per share, or segment performance.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Third quarter net revenue of $15.7 billion, up 12.5% from the prior year period ... Third quarter non-GAAP diluted net EPS was $0.83, up from $0.75 in the prior-year period and above the previously provided outlook of $0.61 to $0.71. Both GAAP and non-GAAP diluted net EPS included an $0.11 favorable impact from tariff refunds.
HP delivered Q3 FY26 revenue of $15.7 billion, a 12.5% year-over-year increase. Non-GAAP diluted EPS reached $0.83, up 10.7% from $0.75 in the prior year and exceeding the high end of guidance ($0.61–$0.71). Both GAAP and non-GAAP EPS benefited by $0.11 from tariff refunds. Personal Systems revenue rose 18% to $11.8 billion, while Printing revenue declined 2% to $3.9 billion.
Added in current filing · view on EDGAR →
Third quarter net cash provided by operating activities of $1.7 billion, free cash flow of $1.6 billion ... Third quarter returned $0.6 billion to shareholders in the form of share repurchases and dividends
HP generated $1.7 billion in operating cash flow and $1.6 billion in free cash flow during Q3 FY26, up 7% year-over-year. The company returned $600 million to shareholders through $300 million in share repurchases (approximately 12.2 million shares) and $274 million in dividends ($0.30 per share). HP ended the quarter with $4.2 billion in gross cash.
Added in current filing · view on EDGAR →
For fiscal 2026, HP is raising its estimate of GAAP diluted net EPS to be in the range of $2.52 to $2.62 and raising its estimate of non-GAAP diluted net EPS to be in the range of $3.19 to $3.29, with both including a $0.19 favorable impact from estimated tariff refunds. ... For fiscal 2026, HP is also raising its estimate of free cash flow to be in the range of $3.0 to $3.2 billion.
HP raised its full-year FY26 guidance. Non-GAAP EPS is now expected at $3.19–$3.29 (including $0.19 from tariff refunds), and GAAP EPS at $2.52–$2.62. Free cash flow guidance was raised to $3.0–$3.2 billion. The company cited strong Q3 performance and improved memory supply as drivers, while continuing to navigate cost pressures and invest for long-term growth.
Added in current filing · view on EDGAR →
For the fiscal 2026 fourth quarter, HP estimates GAAP diluted net EPS to be in the range of $0.74 to $0.84 and non-GAAP diluted net EPS to be in the range of $0.69 to $0.79, with both including an $0.08 favorable impact from estimated tariff refunds.
HP provided Q4 FY26 guidance with non-GAAP EPS expected at $0.69–$0.79 and GAAP EPS at $0.74–$0.84, both including an $0.08 benefit from estimated tariff refunds. The guidance reflects continued execution on the company's strategy to address cost pressures while investing in AI-enabled products and services.
Added in current filing · view on EDGAR →
Personal Systems net revenue was $11.8 billion, up 18% year over year (up 17% in constant currency) with a 4.6% operating margin. Consumer PS net revenue was up 10% and Commercial PS net revenue was up 22%. Total units were down 16% with Consumer PS units down 19% and Commercial PS units down 14%. ... Printing net revenue was $3.9 billion, down 2% year over year (down 4% in constant currency) with an 18.1% operating margin. Consumer Printing net revenue was down 2% and Commercial Printing net revenue was down 1%. Supplies net revenue was down 3% (down 4% in constant currency). Total hardware units were down 7%, with Consumer Printing units down 9% and Commercial Printing units down 2%.
Personal Systems revenue grew 18% to $11.8 billion, driven by 22% growth in Commercial PS, though total units declined 16%. Operating margin was 4.6%. Printing revenue fell 2% to $3.9 billion with an 18.1% operating margin. Supplies revenue declined 3%, and total hardware units dropped 7%. The results reflect HP's focus on premium products and AI PCs, offset by unit volume declines.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 26, 2026 · How we verify