Stocks · Technology · Computer Hardware
HP Inc. HPQ
$31.47 -2.02% Close, Oct 5, 2026 · NYSE · Market cap $29.37B
Inexpensive vs sector
Next earnings report: Nov 24, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +13.2%).
- The stock is in an uptrend: above its 200-day average for 64 trading days, with the 50-day average above the 200-day.
- The shares trade at 12.0× trailing earnings, higher than 81% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth37Weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 37%
- EPS growth (TTM, YoY)Bottom 34%
- FCF growth (TTM, YoY)Top 36%
- Revenue growth, 3-year CAGRBottom 19%
- Revenue growth accelerationTop 33%
Quality52Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 8%
- Gross marginBottom 13%
- Operating marginTop 46%
- Cash conversion (OCF / net income)Top 43%
- Accruals (lower is better)Bottom 40%
- Net debt / EBITDA (lower is better)Bottom 32%
- Interest coverTop 34%
Value90Exceptional
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 5%
- Free-cash-flow yieldTop 8%
- EBITDA / enterprise valueTop 10%
- Sales / enterprise valueTop 5%
- P/E vs own 5-year history (lower is better)Bottom 27%
Momentum68Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 37%
- 6-month returnTop 19%
- 1-year return vs S&P 500Top 41%
- Distance from 52-week highTop 25%
- Trend checklist (0–4)Top 46%
Revisions14Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 39%
- Consecutive EPS beatsTop 37%
- Share of analysts rating BuyBottom 9%
- Upside to consensus price targetBottom 4%
Stability63Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 34%
- Maximum drawdown, 3 yearsTop 34%
- Beta vs S&P 500 (lower is better)Top 35%
- Net debt / EBITDA (lower is better)Bottom 32%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.7% | 8.1% | ↑ |
| EPS growth (YoY) | 5.0% | -4.0% | ↓ |
| Gross margin | 20.9% | 19.8% | ↓ |
| Operating margin | 5.9% | 5.6% | ↓ |
| FCF margin | 5.2% | 6.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.1% | 5.7% | ↑ | Bottom 37% |
| EPS growth (TTM, YoY) | -4.0% | 5.0% | ↓ | Bottom 34% |
| Gross margin | 19.8% | 20.9% | ↓ | Bottom 13% |
| Operating margin | 5.6% | 5.9% | ↓ | Top 46% |
| Net margin | 4.1% | 4.8% | ↓ | — |
| Free-cash-flow margin | 6.6% | 5.2% | ↑ | — |
| Return on invested capital | 21.8% | — | Top 8% | |
| Revenue growth, 3-year CAGR | -4.2% | — | Bottom 19% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.90×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -4.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +31.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.64×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 7.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.73%
- Net buyback yield (TTM)
- 4.17%
- Shareholder yield
- 7.90%
- Share count change, 1 year
- -2.8%
- Share count change, 3-year CAGR
- -2.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 31, 2026 (filed Aug 27, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +13.2%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $25.75
- Target vs current price
- -18.2%
- Analysts with a rating
- 52
- Share rating Buy or Strong Buy
- 31%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 26, 2026 | +25.0% | +3.4% | +6.1% | +8.9% | — |
| May 27, 2026 | +21.0% | +4.3% | +11.7% | -4.7% | +20.6% |
| Feb 24, 2026 | +5.9% | -0.8% | +1.9% | +1.0% | +14.3% |
| Nov 25, 2025 | +1.0% | -0.2% | +3.2% | -5.9% | -24.7% |
| Aug 27, 2025 | +0.7% | +0.4% | +6.3% | +1.8% | -16.8% |
| May 28, 2025 | -8.4% | -4.0% | -10.4% | -13.4% | -6.2% |
| Feb 27, 2025 | -0.8% | -2.1% | -12.7% | -15.1% | -15.8% |
| Nov 26, 2024 | +0.0% | -0.5% | -6.4% | -14.9% | -13.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 26, 2026 | $0.83 | $0.66 | +25.0% | $15.68B |
| May 27, 2026 | $0.86 | $0.71 | +21.0% | $14.41B |
| Feb 24, 2026 | $0.81 | $0.77 | +5.9% | $14.44B |
| Nov 25, 2025 | $0.93 | $0.92 | +1.0% | $14.64B |
| Aug 27, 2025 | $0.75 | $0.75 | +0.7% | $13.93B |
| May 28, 2025 | $0.71 | $0.78 | -8.4% | $13.22B |
| Feb 27, 2025 | $0.74 | $0.75 | -0.8% | $13.50B |
| Nov 26, 2024 | $0.93 | $0.93 | +0.0% | $14.05B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 12.0× | 9.7× | 81th | Top 5% |
| P/E (forward) | 9.7× | — | — | — |
| EV / EBITDA | 9.5× | — | — | Top 10% |
| EV / Sales | 0.60× | — | — | Top 5% |
| Free-cash-flow yield | 13.21% | — | — | Top 8% |
| Earnings yield | 8.33% | — | — | Top 5% |
P/E over the past five years
Range 4.8× – 13.0× since Jul 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +18.8%
- Earnings per share growth (TTM)
- -4.0%
- Change in P/E multiple
- +9.0%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 63
- Days above the 200-day average
- 64
- 50-day average slope (20 days)
- +12.8%
- 200-day average slope (20 days)
- +3.5%
- Distance from 50-day average
- +2.5%
- Distance from 200-day average
- +33.0%
- RSI (14)
- 49.3
- Relative volume
- 0.56×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 51.1%
- Volatility vs own 5-year history
- 88th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.21
- Correlation with S&P 500
- 0.46
- Current drawdown from 1-year high
- -11.3%
- Maximum drawdown, 3 years
- -53.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 1, 2022 | Feb 24, 2026 | -54.9% | 935 days | Not yet recovered |
| May 7, 2021 | Oct 13, 2021 | -25.6% | 110 days | 32 days (Nov 29, 2021) |
| Apr 7, 2022 | May 20, 2022 | -13.5% | 30 days | 7 days (Jun 1, 2022) |
| Jan 4, 2022 | Mar 1, 2022 | -13.1% | 38 days | 18 days (Mar 25, 2022) |
| Oct 12, 2020 | Oct 28, 2020 | -12.5% | 12 days | 9 days (Nov 10, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $29.37B
- P/E (TTM)
- 12.0
- EPS, diluted (TTM)
- $2.62
- Revenue (TTM)
- $59.16B
- Dividend yield
- 3.81%
- 52-week range
- $17.56 – $36.23
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $63.46B | $62.91B | $53.72B | $53.56B | $55.30B |
| Gross profit | $13.41B | $12.26B | $11.51B | $11.82B | $11.05B |
| Operating income | $5.36B | $4.56B | $3.46B | $3.82B | $3.62B |
| Net income | $6.54B | $3.13B | $3.26B | $2.77B | $2.53B |
| EPS (diluted) | $5.36 | $2.98 | $3.26 | $2.81 | $2.65 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.05B | $13.50B | $13.22B | $13.93B | $14.64B | $14.44B | $14.41B | $15.68B |
| Net income | $906.0M | $565.0M | $406.0M | $763.0M | $795.0M | $545.0M | $450.0M | $661.0M |
| EPS (diluted) | $0.92 | $0.59 | $0.42 | $0.80 | $0.84 | $0.58 | $0.49 | $0.71 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $6.41B | $4.46B | $3.57B | $3.75B | $3.70B |
| Capital expenditure | -$582.0M | -$791.0M | -$609.0M | -$592.0M | -$897.0M |
| Free cash flow | $5.83B | $3.67B | $2.96B | $3.16B | $2.80B |
| Dividends paid | -$938.0M | -$1.04B | -$1.04B | -$1.07B | -$1.09B |
| Net share buybacks | -$6.25B | -$4.30B | -$100.0M | -$2.10B | -$850.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $4.17B
- Total assets
- $45.70B
- Total liabilities
- $45.79B
- Total debt
- $10.34B
- Net debt
- $6.17B
- Shareholders’ equity
- -$92.0M
As of Jul 31, 2026 (filed Aug 27, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 9, 2026 | $0.30 | Oct 7, 2026 |
| Jun 10, 2026 | $0.30 | Jul 1, 2026 |
| Mar 11, 2026 | $0.30 | Apr 1, 2026 |
| Dec 11, 2025 | $0.30 | Jan 2, 2026 |
| Sep 10, 2025 | $0.29 | Oct 1, 2025 |
| Jun 11, 2025 | $0.29 | Jul 2, 2025 |
| Mar 12, 2025 | $0.29 | Apr 2, 2025 |
| Dec 11, 2024 | $0.29 | Jan 2, 2025 |
Short interest
- Shares sold short
- 72,511,904
- Days to cover
- 4.46
- Change vs previous report
- -6.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Nov 2, 2015
- 1,101-for-500
- Oct 30, 2000
- 2-for-1
- Jul 16, 1996
- 2-for-1
- Apr 17, 1995
- 2-for-1
- Aug 26, 1983
- 2-for-1