HP Q3 revenue +12.5% to $15.7B, net income -13.4% on higher taxes; material weakness remediated

Filed August 27, 2026 · Period ending July 31, 2026 · Compared to 10-Q Aug 28, 2025 · ~1 min read

Key Changes

• high

  Net income fell 13.4% to $661M despite operating income rising 25% to $892M, driven by $276M higher income tax expense. The bottom-line decline did not come from operations.

  MD&A: Operating Results verify on EDGAR →
• high

  Material weakness in IT general controls remediated; disclosure controls now effective as of July 31, 2026, after being ineffective in the prior year.

  Controls and Procedures verify on EDGAR →
• high

  Supreme Court invalidated IEEPA tariffs; HP received $127M in refunds during the nine months and applied for ~$300M total recovery, recognized as cost-of-revenue reductions.

  Legal Proceedings / MD&A view on EDGAR →