HP reports Q2 revenue up 9% YoY to $14.4B, vs. $14B est., Personal Systems revenue up 13% to $10.2B, and forecasts Q3 adjusted EPS above estimates

HP Reports Strong Q2 Results Amid AI PC Demand

HP Inc. has announced its fiscal 2026 second quarter results, surpassing analyst forecasts with a reported revenue of $14.4 billion, reflecting a 9% year-over-year increase compared to the consensus estimate of $14 billion.

Key Performance Metrics

Revenue Growth by Segment:

• The Personal Systems segment demonstrated notable strength, with revenue rising 13% to $10.2 billion, making it the top-performing division within the company.
• Overall revenue exceeded analyst projections by $400 million.

Forward Guidance

In its guidance for the third quarter, the company anticipates adjusted earnings per share that will exceed current analyst estimates, indicating a robust outlook amid prevailing market challenges and rising component costs.

Market Context

HP's impressive performance is indicative of strong market demand for AI-enabled PCs and the influence of Windows 11 refresh cycles, which have propelled both enterprise and consumer purchasing during the quarter. The company has successfully navigated the significant rise in memory chip prices while preserving profitability.

These results highlight HP's competitive edge in the Personal Systems sector, which is currently benefiting from the broader advancements in artificial intelligence driving hardware upgrades across the market.

Analyst Outlook

Market analysts perceive HP's results as an encouraging indicator for the broader recovery of the PC market, especially as both businesses and consumers persist in their investments in AI-capable computing solutions.