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NYSE: HPQ HP INC 10-Q

HP's revenue rose 12.5% to $15.68B in the fiscal third quarter, but net earnings fell 13.4% to $661.0M as higher commodity costs compressed margins.

Filed August 27, 2026 · Period ending July 31, 2026 · Compared to 10-Q Aug 28, 2025 · ~2 min read

Key Changes

  • high

    Total net revenue increased 12.5% to $15.68B, driven by pricing actions in Personal Systems, which the company attributes to pricing actions to mitigate higher commodity costs in Personal Systems.

  • high

    Gross margin narrowed 1.7 percentage points to 18.8%, primarily due to higher commodity costs and unfavorable mix shifts towards Personal Systems, partially offset by pricing actions including favorable currency impacts, and IEEPA tariff refunds.

  • high

    Net earnings declined 13.4% to $661.0M, while diluted EPS fell to $0.71 from $0.80.

4 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 27, 2026 · How we verify