Q2 2026 HP Inc Earnings Call Transcript
Key Points
- HP Inc (HPQ) reported a 9% year-over-year revenue growth, marking the eighth consecutive quarter of top-line growth.
- The company saw strong performance in Personal Systems, with a 13% revenue increase driven by both Commercial and Consumer segments.
- HP Inc (HPQ) introduced innovative products, including AI PCs and new Z workstations, enhancing their position in the AI and edge computing markets.
- The company successfully executed mitigation strategies to manage commodity cost pressures, resulting in EPS above guidance.
- HP Inc (HPQ) continues to expand its subscription services, particularly in print, with the All-In Plan showing double-digit revenue growth.
- HP Inc (HPQ) anticipates rising input costs, particularly in memory and storage, which could pressure operating margins in the second half of 2026.
- The print segment's revenue was flat year-over-year, with hardware volume declines offsetting favorable pricing.
- The company expects the PC unit TAM to decline at a rate in the high teens for the second half of the calendar year.
- HP Inc (HPQ) is facing broader inflationary pressures, including oil prices, which could impact costs further.
- The CEO search is ongoing, with no specific timeline provided, potentially leading to uncertainty in leadership continuity.
Good day, everyone, and welcome to the second-quarter 2026 HP Inc. earnings conference call. My name is Krista, and I'll be your conference moderator for today's call. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.
I would now like to turn the call over to Alok Juyal, Global Treasurer and Head of Investor Relations.
Good afternoon, everyone, and welcome to HP's second quarter 2026 earnings conference call. With me today are Bruce Broussard, HP's Interim Chief Executive Officer; and Karen Parkhill, HP's Chief Financial Officer. Before handing the call over to Bruce, let me remind you that this call is a webcast, and a replay will be available on our website shortly after the call for approximately one year.
We posted the earnings release and accompanying slide presentation on our Investor Relations web page at investor.hp.com. As always, elements of this presentation are forward-looking and are based on our best view of
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