HPQ Falls as Investors Revisit Margin Risks Ahead of Late-August Earnings

HP Inc. (HPQ) is down 4.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be renewed concern about HP’s earnings outlook, especially pressure on PC margins from higher memory costs and weak enthusiasm around near-term catalysts. This could also reflect positioning ahead of HP’s next earnings report later in August, when investors will get an updated view on demand, pricing, and profitability.

Details:

HP’s fiscal 2026 second-quarter report kept a cautious tone, with third-quarter non-GAAP EPS guidance of $0.61 to $0.71 and full-year non-GAAP EPS guidance of $2.90 to $3.10.

Management flagged ongoing cost pressures in its latest quarterly materials, including higher memory and storage costs, which matter for notebook and desktop profitability.

A recent analyst downgrade highlighted the same issue, arguing that rising memory prices could squeeze gross and operating margins and limit upside for the shares.

HP’s next earnings date is listed for August 26, 2026, which may be keeping investors cautious as the report approaches.

Sources:

HP, TipRanks, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$HPQ Insider Trading Activity

$HPQ insiders have traded $HPQ stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $HPQ stock by insiders over the last 6 months:

DAVID P. MCQUARRIE (Chief Commercial Officer) has made 0 purchases and 5 sales selling 63,144 shares for an estimated $1,773,083.
MARY ANNE CITRINO sold 45,172 shares for an estimated $834,326

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$HPQ Hedge Fund Activity

We have seen 560 institutional investors add shares of $HPQ stock to their portfolio, and 526 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BANK OF AMERICA CORP /DE/ removed 13,401,922 shares (-76.2%) from their portfolio in Q1 2026, for an estimated $257,450,921
PACER ADVISORS, INC. added 8,424,145 shares (+inf%) to their portfolio in Q2 2026, for an estimated $184,825,741
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 8,275,264 shares (+inf%) to their portfolio in Q2 2026, for an estimated $181,559,292
JPMORGAN CHASE & CO added 5,807,737 shares (+inf%) to their portfolio in Q2 2026, for an estimated $127,421,749
AUSTRALIANSUPER PTY LTD removed 5,738,970 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $125,913,001
MENORA MIVTACHIM HOLDINGS LTD. added 4,521,000 shares (+106.4%) to their portfolio in Q2 2026, for an estimated $99,190,740
NORGES BANK removed 4,311,087 shares (-64.3%) from their portfolio in Q2 2026, for an estimated $94,585,248

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$HPQ Congressional Stock Trading

Members of Congress have traded $HPQ stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $HPQ stock by members of Congress over the last 6 months:

SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$HPQ Price Targets

Multiple analysts have issued price targets for $HPQ recently. We have seen 10 analysts offer price targets for $HPQ in the last 6 months, with a median target of $20.0.

Here are some recent targets:

Michael Ng from Goldman Sachs set a target price of $19.0 on 06/02/2026
Erik Woodring from Morgan Stanley set a target price of $19.0 on 05/28/2026
Krish Sankar from TD Cowen set a target price of $26.0 on 05/28/2026
Wamsi Mohan from B of A Securities set a target price of $18.0 on 05/28/2026
Tim Long from Barclays set a target price of $19.0 on 05/28/2026
Aaron Rakers from Wells Fargo set a target price of $20.0 on 05/28/2026
Asiya Merchant from Citigroup set a target price of $25.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.