Short answer
HP Inc. (HPQ) filed its Q1 2026 10-Q quarterly report on Feb 25, 2026 for the quarter ended Jan 31, 2026. Quarterly revenue was $14.4B (up 6.9% year over year) with net income of $545M.
Q1 2026 key financials · XBRL
- Revenue
- $14.4B
- +6.9% YoY
- Net income
- $545M
- −3.5% YoY
- Operating margin
- 5.3%
- Gross margin
- 19.6%
- EPS (diluted)
- $0.58
- −1.7% YoY
Source: XBRL data from the HP Inc. (HPQ) Q1 2026 10-Q on SEC EDGAR. USD.
HP Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $14.4B, up 6.9% YoY (5.2% constant currency); U.S. +0.3% to $4.4B, international +10.2% to $10.0B
- Gross margin 19.6% vs 21.0% YoY; operating margin 5.3% vs 6.3% YoY; higher commodity/trade costs key driver
- Best segment: Personal Systems revenue $10.3B, up 11.1% YoY, op margin 5.0% vs 5.5%; worst: Printing revenue $4.2B, down 2.2%, op margin 18.3% vs 18.7%
- Cash fell to $3.15B from $3.69B; $0.6B returned to shareholders ($0.3B buybacks, $0.3B dividends); $8.1B buyback authorization remaining
- Headwinds: rising memory/storage costs, tariff uncertainty (post-Supreme Court IEEPA ruling), continued Printing demand softness and competitive pressure expected near-term
Risk Factors
- No material changes reported since 10-K for fiscal year ended October 31, 2025
- Key carried-forward risk: global supply chain disruptions and component shortages affecting PC and printer hardware margins
- Tariff/trade policy exposure: HP sources significant hardware from Asia-Pacific, vulnerable to U.S.-China trade tensions
- Competitive pressure: Personal Systems and Print segments face pricing pressure from low-cost rivals and declining commercial PC refresh cycles
- Currency risk: majority of revenue generated outside U.S., with significant exposure to EUR, CNY, and other foreign exchange fluctuations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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