HPQ jumps as HP delivers Q2 beat, raises FY26 outlook, and highlights strong cash generation

HP Inc. (HPQ) is up 8.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is HP’s fiscal Q2 2026 earnings update, which showed stronger-than-expected profitability and cash flow alongside higher full-year expectations. Investors also appeared to focus on improving trends in Personal Systems and continued capital returns.

Details:

HP reported fiscal Q2 2026 net revenue of $14.4 billion, up 9% year over year, supported by growth in its Personal Systems segment.

Personal Systems revenue rose to $10.2 billion (up 13% year over year), while Printing revenue was $4.2 billion (roughly flat year over year), indicating PCs did more of the heavy lifting this quarter.

HP’s non-GAAP diluted EPS was $0.86, above its prior guidance range, which can drive rapid re-rating moves when expectations had been more cautious.

HP raised its fiscal 2026 outlook, including non-GAAP EPS of $2.90–$3.10 and expected free cash flow of $2.8–$3.0 billion, and noted meaningful shareholder returns via dividends and repurchases in the quarter.

Sources:

HP Investor Relations, U.S. Securities and Exchange Commission, StockAnalysis

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 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

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

ENRIQUE LORES (President and CEO) sold 41,922 shares for an estimated $1,090,181
MARY ANNE CITRINO sold 45,172 shares for an estimated $834,326
KETAN M PATEL (President, Personal Systems) sold 33,321 shares for an estimated $772,713
ANNELIESE OLSON (Pres Imaging Prtng & Solutions) sold 16,726 shares for an estimated $415,306

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 491 institutional investors add shares of $HPQ stock to their portfolio, and 635 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
DNB ASSET MANAGEMENT AS added 9,208,774 shares (+86.9%) to their portfolio in Q1 2026, for an estimated $176,900,548
DODGE & COX added 7,089,410 shares (+20.5%) to their portfolio in Q1 2026, for an estimated $136,187,566
PACER ADVISORS, INC. removed 6,577,623 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $146,549,440
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 6,191,705 shares (-65.7%) from their portfolio in Q1 2026, for an estimated $118,942,653
D. E. SHAW & CO., INC. added 5,790,724 shares (+1010.5%) to their portfolio in Q4 2025, for an estimated $129,017,330
UBS GROUP AG added 5,627,986 shares (+80.0%) to their portfolio in Q1 2026, for an estimated $108,113,611

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 Analyst Ratings

Wall Street analysts have issued reports on $HPQ in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Underweight" rating on 01/20/2026

To track analyst ratings and price targets for $HPQ, check out Quiver Quantitative's $HPQ forecast page.

$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:

Erik Woodring from Morgan Stanley set a target price of $19.0 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
Samik Chatterjee from JP Morgan set a target price of $26.0 on 05/28/2026
David Vogt from UBS set a target price of $26.0 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.