Equity Profile

HPQ

HP Inc.

Information TechnologyTechnology Hardware, Storage & Peripherals$23.3B

Aug26Wed

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

HP Inc. is a leading technology company that specializes in printing and personal computing solutions....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well HP is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is crucial for understanding the demand for HP's products and services, especially in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HPQ Q3-2026 Earnings Preview

Context

Company Snapshot

HP Inc. is a leading technology company that specializes in printing and personal computing solutions. With a market cap of $23 billion, it plays a significant role in the Information Technology sector, particularly in hardware and peripherals, which are essential for both consumers and businesses.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+1.49%

Avg Stock Reaction

-0.66%

Last Quarter Recap

In Q2 2026, HP reported an EPS of $0.86, exceeding estimates by 20.11%. The stock reacted positively, gaining 4.34% the next day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to innovation in printing technology.
Plans to enhance customer engagement strategies.

Expectations

Wall Street Expectations

Overall, expectations for HP's upcoming earnings are mixed due to recent performance trends. Investors are keen to see if the company can maintain its momentum from the last quarter.

Bull Case

If HP can deliver strong revenue growth and maintain or improve its EPS, it may signal a robust recovery and increased demand for its products.

Bear Case

Conversely, if HP fails to meet earnings expectations or shows signs of declining market share, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q3-2026?

The EPS figure will be critical in determining if HP can continue its positive earnings surprise trend and maintain investor confidence.

How is HP addressing competition in the printing market?

Understanding HP's strategy to maintain or grow its market share will be essential for assessing its long-term viability in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate HP's ability to innovate in the printing sector, which could drive unexpected revenue growth this quarter.

Supporting Evidence

HP's recent focus on sustainability in printing could attract new customers.

Options pricing suggests a higher expected move than historical averages, indicating potential for surprise.

The company's commitment to operational efficiency may yield better-than-expected margins.

Key Risk

If HP's EPS exceeds $0.90, it could significantly challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around HP's ability to sustain earnings growth in a challenging market environment.

Bull Confirmed If

An EPS of $0.90 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.75 would confirm the bear case, suggesting potential issues with revenue generation.

Pre-Earnings Positioning

Options Market

Implied Move

±11.43%

Historical Avg

±1.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±11.4% while HPQ has averaged ±1.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

63.8%

Calls (2.7M)P/C Ratio: 0.29Puts (1.0M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If HP beats expectations, history suggests a positive reaction, with an average 1-day move of +0.32%, confirming the bullish outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical data indicating an average 1-day move of -2.30%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches in the printing segment.
2Details on cost management strategies and their impact on margins.
3Insights into customer demand trends and market share changes.
4Any commentary on competitive pressures and how HP plans to address them.
5Future guidance on revenue expectations for the next quarter.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

HP Inc. is a leading technology company that specializes in printing and personal computing solutions....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well HP is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is crucial for understanding the demand for HP's products and services, especially in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HPQ Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+1.49%

Avg Stock Reaction

-0.66%

Last Quarter Recap

In Q2 2026, HP reported an EPS of $0.86, exceeding estimates by 20.11%. The stock reacted positively, gaining 4.34% the next day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to innovation in printing technology.
Plans to enhance customer engagement strategies.

Expectations

Wall Street Expectations

Overall, expectations for HP's upcoming earnings are mixed due to recent performance trends. Investors are keen to see if the company can maintain its momentum from the last quarter.

Bull Case

If HP can deliver strong revenue growth and maintain or improve its EPS, it may signal a robust recovery and increased demand for its products.

Bear Case

Conversely, if HP fails to meet earnings expectations or shows signs of declining market share, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q3-2026?

The EPS figure will be critical in determining if HP can continue its positive earnings surprise trend and maintain investor confidence.

How is HP addressing competition in the printing market?

Understanding HP's strategy to maintain or grow its market share will be essential for assessing its long-term viability in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate HP's ability to innovate in the printing sector, which could drive unexpected revenue growth this quarter.

Supporting Evidence

HP's recent focus on sustainability in printing could attract new customers.

Options pricing suggests a higher expected move than historical averages, indicating potential for surprise.

The company's commitment to operational efficiency may yield better-than-expected margins.

Key Risk

If HP's EPS exceeds $0.90, it could significantly challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around HP's ability to sustain earnings growth in a challenging market environment.

Bull Confirmed If

An EPS of $0.90 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.75 would confirm the bear case, suggesting potential issues with revenue generation.

Pre-Earnings Positioning

Options Market

Implied Move

±11.43%

Historical Avg

±1.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±11.4% while HPQ has averaged ±1.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

63.8%

Calls (2.7M)P/C Ratio: 0.29Puts (1.0M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If HP beats expectations, history suggests a positive reaction, with an average 1-day move of +0.32%, confirming the bullish outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical data indicating an average 1-day move of -2.30%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches in the printing segment.
2Details on cost management strategies and their impact on margins.
3Insights into customer demand trends and market share changes.
4Any commentary on competitive pressures and how HP plans to address them.
5Future guidance on revenue expectations for the next quarter.