HP Revenues Up 9 Percent to $14.4 Billion

HP announced that it earned a net income of $450 million on revenues of $14.4 billion in the quarter ending April 30, 2026. Those figures represent gains of 11 percent and 9 percent, year-over-year (YOY), respectively.

That news is positive, but HP also provided a forecast for the current quarter that was higher than analyst projections, suggesting that the company is successfully navigating the ongoing component crisis. HP’s stock price jumped 15 percent in after-hours trading as a result.

“During the second quarter, we continued executing our future of work strategy through intelligent devices, edge AI, and connected experiences while navigating rising commodity costs,” HP interim CEO Bruce Broussard said. “We introduced innovations across AI PCs, Z workstations, AI-powered print, and HP IQ that simplify work and improve productivity. These reflect our progress in building intelligent devices and services that capture the value of AI at the edge and support long-term growth.”

HP’s biggest business, Personal Systems, is responsible for its PC sales, and it generated $10.2 billion in revenues in the quarter, a gain of 13 percent YOY, and with a 5.2 percent operating margin. Revenue from consumer PCs was up 10 percent YOY, while revenue from commercial PCs jumped 14 percent YOY. Total units sold declined 7 percent YOY, with consumer PC units down 8 percent and commercial PC units down 7 percent.

HP credited its revenue gains in Personal Systems to a “prioritization of higher value unit placements, services expansion and disciplined pricing, partly offset by lower volumes.” The company says it experienced strong performance in key growth areas, with double-digit YOY growth in AI PCs, Advanced Compute Solutions, and Workforce Solutions. This was the ninth consecutive quarter of YOY revenue growth for Personal Systems.

HP’s Printing business added $4.2 billion in revenues, which is flat with the year-ago quarter, and with an 18.3 percent operating margin. Consumer printing revenues were down 10 percent in the quarter, commercial printing revenues were flat, and supplies revenues were up 1 percent. Hardware unit sales declined 7 percent overall, with consumer printing units down 8 percent and commercial printing units down 4 percent.