HP Inc. (HPQ) Stock Price & Analysis
HP Inc. (HPQ) closed at USD 33.76 on Thursday, October 22, 2026, up 7.79% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 31.32; the Oct 22, 2026 session ranged USD 31.07–33.86 on volume of 15,843,930 shares. Market capitalization is $30.44B, with a 52-week range of USD 17.56–36.23 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HPQ.md
Key facts (HPQ)
- Last four reported quarters (through Jul 31, 2026): revenue $59.2B, net income $2.45B (4.1% margin), free cash flow $3.88B (SEC filings).
- Valuation: P/E 12.4x (avg 10.4x at the last 3 fiscal year-ends), EV/EBITDA 8.5x, net debt $4.99B.
- 2 of 80 tracked superinvestors hold HPQ (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $2.8M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.33 on a 1–5 scale) (18 analysts), mean target USD 27.52 (range 19–33.8).
- Total return with dividends: 1Y +27.5% vs S&P 500 +14.9%; 5Y +33.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-24, EPS estimate USD 0.75, revenue estimate $15.3B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HPQ)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $63.5B | $62.9B | $53.7B | $53.6B | $55.3B | $59.2B |
| Gross profit | $13.4B | $12.3B | $11.5B | $11.8B | $11.4B | — |
| Operating income | $5.36B | $4.56B | $3.46B | $3.82B | $3.17B | $3.22B |
| Net income | $6.54B | $3.13B | $3.26B | $2.77B | $2.53B | $2.45B |
| EPS (diluted) | $5.36 | $2.98 | $3.26 | $2.81 | $2.65 | — |
| Free cash flow | $5.83B | $3.70B | $2.98B | $3.16B | $2.80B | $3.88B |
| Gross margin | 21.1% | 19.5% | 21.4% | 22.1% | 20.6% | — |
| Operating margin | 8.4% | 7.2% | 6.4% | 7.1% | 5.7% | 5.4% |
| Net margin | 10.3% | 5.0% | 6.1% | 5.2% | 4.6% | 4.1% |
| Revenue growth | +12.0% | -0.9% | -14.6% | -0.3% | +3.2% | — |
| Cash + short-term investments | $4.30B | — | — | $3.24B | $3.69B | — |
| Total debt | $7.57B | $11.2B | $9.61B | $9.75B | $9.72B | — |
Fiscal years end Oct. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (HPQ)
P/E 12.4x · P/S 0.5x · EV/EBITDA 8.5x · EV/Sales 0.6x · P/FCF 7.8x · FCF yield 12.75% · Earnings yield 8.05% · Dividend yield (paid, TTM) 3.60% · Buyback yield (TTM) 4.02% · Net debt $4.99B · EV $35.4B
P/E at fiscal year-ends: Oct 2025 10.4x, Oct 2024 12.7x, Oct 2023 8.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (HPQ)
2 of 80 tracked investors hold HPQ. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | 0.49% | $935M | Added +2.5% |
| Francis Chou | Chou Associates | 0.27% | $581K | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (HPQ)
5 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | McQuarrie David P. | Chief Commercial Officer | 31,572 | $1.0M | 79.8% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-08-07 | McQuarrie David P. | Chief Commercial Officer | 21,048 | $631K | 34.7% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-08-03…2026-08-04 | McQuarrie David P. | Chief Commercial Officer | 21,048 | $588K | 25.8% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-28 | McQuarrie David P. | Chief Commercial Officer | 10,524 | $294K | 11.4% | Yes | Too little history (no open-market trades in 2023 or 2025) |
| 2026-06-12 | McQuarrie David P. | Chief Commercial Officer | 10,524 | $260K | 10.2% | Yes | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (HPQ)
Consensus Hold (mean 3.33 on a 1–5 scale), 18 analysts; mean target USD 27.52 (low 19, high 33.8).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-11 | RBC Capital | Initiated | Sector Perform | $33 |
| 2026-08-28 | Barclays | Target raised | Underweight | $19 → $23 |
| 2026-08-27 | TD Cowen | Target raised | Hold | $26 → $30 |
| 2026-08-27 | UBS | Target raised | Neutral | $26 → $28 |
| 2026-08-27 | Morgan Stanley | Target raised | Underweight | $17 → $19 |
| 2026-08-24 | Morgan Stanley | Target lowered | Underweight | $19 → $17 |
| 2026-08-24 | Evercore ISI Group | Target raised | In-Line | $25 → $32 |
| 2026-08-12 | Goldman Sachs | Target raised | Sell | $19 → $21 |
Total return (dividends reinvested) (HPQ)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +27.5% | +33.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +27.6% | +6.0% |
| Volatility (annualized) | 45.5% | 34.1% |
| Max drawdown | -34.4% (Oct 2025→Feb 2026) | -48.8% (Nov 2024→Apr 2026) |
HPQ revenue by business segment (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Personal Systems | $11.77B | 75.1% | +18.5% |
| Printing | $3.91B | 25.0% | -2.2% |
| Total revenue | $15.68B | 100% | — |
HPQ revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Products | $14.82B | 94.6% | +13.0% |
| Services | $852.0M | 5.4% | +4.2% |
| Total revenue | $15.68B | 100% | — |
HPQ revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $6.49B | 41.4% | +6.2% |
| Europe, Middle East and Africa | $5.18B | 33.0% | +15.1% |
| Asia-Pacific and Japan | $4.01B | 25.6% | +20.7% |
| Total revenue | $15.68B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
HPQ suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | CANON INC (CAJPY) | “For example, we rely on Canon for certain laser printer engines and laser toner cartridges and certain key suppliers for application specific integrated circuits ("ASICs").” |
| Supplier | Intel (INTC) | “We also rely on Intel, AMD, and NVIDIA, or other suppliers to provide us with a sufficient supply of processors for the majority of our PCs and workstations.” |
| Supplier | AMD (AMD) | “We also rely on Intel, AMD, and NVIDIA, or other suppliers to provide us with a sufficient supply of processors for the majority of our PCs and workstations.” |
| Supplier | NVIDIA (NVDA) | “We also rely on Intel, AMD, and NVIDIA, or other suppliers to provide us with a sufficient supply of processors for the majority of our PCs and workstations.” |
| Competitor | Apple (AAPL) | “Our primary competitors are Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Inc., Huawei Technologies Co., Ltd., Lenovo Group Limited, Logitech International S.A., Microsoft Corporation, Samsung Electronics Co., Ltd., and Toshiba Corporation.” |
| Competitor | Dell Technologies (DELL) | “Our primary competitors are Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Inc., Huawei Technologies Co., Ltd., Lenovo Group Limited, Logitech International S.A., Microsoft Corporation, Samsung Electronics Co., Ltd., and Toshiba Corporation.” |
| Competitor | Huawei | “Our primary competitors are Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Inc., Huawei Technologies Co., Ltd., Lenovo Group Limited, Logitech International S.A., Microsoft Corporation, Samsung Electronics Co., Ltd., and Toshiba Corporation.” |
| Competitor | Lenovo | “Our primary competitors are Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Inc., Huawei Technologies Co., Ltd., Lenovo Group Limited, Logitech International S.A., Microsoft Corporation, Samsung Electronics Co., Ltd., and Toshiba Corporation.” |
| Competitor | Microsoft (MSFT) | “Our primary competitors are Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Inc., Huawei Technologies Co., Ltd., Lenovo Group Limited, Logitech International S.A., Microsoft Corporation, Samsung Electronics Co., Ltd., and Toshiba Corporation.” |
| Competitor | Samsung Electronics | “Our primary competitors are Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Inc., Huawei Technologies Co., Ltd., Lenovo Group Limited, Logitech International S.A., Microsoft Corporation, Samsung Electronics Co., Ltd., and Toshiba Corporation.” |
Quoted from the company's 10-K filed Dec 10, 2025.
Companies that name HPQ in their SEC reports
| Relationship to HPQ | Company | Filing | Sentence |
|---|---|---|---|
| competitor | LOGITECH INTERNATIONAL S.A. (LOGI) | 10-K May 21, 2026 | “Competitors for our gaming products include Razer Inc. ("Razer"), Corsair Gaming, Inc., SteelSeries (owned by GN Store Nord A/S ("GN")), Turtle Beach Corporation, HyperX (owned by HP Inc. ("HP")) and Moza (owned by Gudsen Technology), among others.” |
| supplier | Tungray Technologies Inc (TRSG) | 20-F Apr 23, 2026 | “Our top 2 customers, HP Group and Goertek, Inc, accounted for 48.8% and 5.0% of revenues for the fiscal year ended December 31, 2025, respectively, and the amount due from these customers included in accounts receivable represented 16.4% and 16.5% of total accounts receivable as of December 31, 2025, respectively.” |
| customer | MATERIALISE NV (MTLS) | 20-F Apr 23, 2026 | “Our programs interface with machines manufactured by leading original equipment manufacturers, or OEMs, including but not limited to EOS GmbH, HP Inc., Renishaw PLC, Nikon SLM Solutions AG, Stratasys Ltd., Trumpf (DUBAG Group GmbH), Uniontech Corporation, Colibrium and Voxeljet AG.” |
| competitor | Xerox Holdings Corp (XRX) | 10-K Mar 17, 2026 | “The larger competitors in our print business include Brother, Canon, FUJIFILM Business Innovations Corp., HP Inc., Konica Minolta, Kyocera and Ricoh.” |
| customer | Ingram Micro Holding Corp (INGM) | 10-K Mar 3, 2026 | “Our suppliers are the world's most trusted technology leaders, along with emerging technology brands, which include the industry's premier hyperscalers, computer hardware suppliers, mobility hardware suppliers, networking equipment suppliers and software publishers such as Microsoft, Amazon Web Services, Google Cloud, NVIDIA, Advanced Micro Devices, Apple, Cisco, Dell Technologies, Hewlett Packard Enterprise, HP I…” |
| competitor | NCR Voyix Corp (VYX) | 10-K Feb 26, 2026 | “Key competitors include Aptos, Inc., Block Inc., Diebold Nixdorf, Inc., Fiserv Inc., Flooid, Fujitsu Limited, GK Software SE, Global Payments Inc., HP Inc., Lightspeed, Olo Inc., Oracle Corporation, PAR Technology Corporation, Toast, Inc., Toshiba Tec Corporation and Qu, among others.” |
| customer | PC CONNECTION INC (CNXN) | 10-K Feb 24, 2026 | “Products manufactured by Microsoft Corporation, HP Inc., and Dell Inc. represented approximately 16%, 13%, and 12%, respectively, of our total product purchases in 2025.” |
| customer | CDW Corp (CDW) | 10-K Feb 20, 2026 | “A significant portion of our sales are derived from products manufactured by Apple, Cisco, Dell Technologies, HP Inc., Lenovo, and Microsoft.” |
| competitor | INSIGHT ENTERPRISES INC (NSIT) | 10-K Feb 12, 2026 | “We sometimes compete directly with publisher and manufacturer partners for many of these offerings, including Microsoft, Cisco Systems, Dell, HP Inc. and Adobe Systems.” |
| partner | InterDigital, Inc. (IDCC) | 10-K Feb 5, 2026 | “In April 2025, we signed a new multi-year license agreement with HP Inc. The agreement licenses HP personal computers to InterDigital's Wi-Fi and video decoding technologies.” |
| customer | TD SYNNEX CORP (SNX) | 10-K Jan 27, 2026 | “We have distribution agreements with most of our suppliers, including Apple Inc. and HP Inc. These agreements usually provide for nonexclusive distribution rights and pertain to specific geographic territories.” |
| partner | Hewlett Packard Enterprise Co (HPE) | 10-K Dec 18, 2025 | “During fiscal 2019, we executed a Termination and Mutual Release Agreement which terminated our Tax Matters Agreement with HP Inc. Because we now have limited indemnity rights from HP Inc., we potentially bear more economic risk for certain potential unfavorable tax assessments.” |
HPQ customer concentration
In the period ended Oct 31, 2025, a single direct customer accounted for 12% of revenue, per the company's 10-K filed Dec 10, 2025. The company does not name it.
HPQ analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $0.75 | $0.67 | +11.3% | $15.32B | 13 |
| Next quarter (ends Jan 2027) | $0.70 | $0.68 | +3.1% | $14.66B | 12 |
| Current fiscal year (ends Oct 2026) | $3.25 | $3.02 | +7.5% | $59.86B | 18 |
| Next fiscal year (ends Oct 2027) | $3.15 | $3.01 | +4.9% | $60.14B | 18 |
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 33.76 |
|---|---|
| Change | ▲ 7.79% (up) |
| Previous Close | USD 31.32 |
| Open | USD 31.02 |
| Day Range | USD 31.07 – 33.86 |
| 52-Week Range | USD 17.56 – 36.23 |
| Volume | 15,843,930 shares |
| Market Cap | $30.44B |
| Exchange | NYQ |
Technical Analysis (HPQ)
Nexqual's technical model rates HPQ "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 60.51 (neutral) |
| vs SMA50 | Above (USD 31.43) |
| MACD | 0.03 (positive) |
Analyst Ratings (HPQ)
Wall Street analysts rate HPQ "Hold" based on 18 analysts, with a mean price target of USD 27.52 (range USD 19–33.8), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 27.52 |
| High Target | USD 33.8 |
| Low Target | USD 19 |
| Buy / Hold / Sell | 2 / 10 / 6 |
Earnings (HPQ)
| Next Earnings Date | 2026-11-24 |
|---|---|
| EPS Estimate | USD 0.75 |
| Revenue Estimate | $15.32B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 0.83 vs est 0.69 ▲ beat |
| 2026-04-30 | USD 0.86 vs est 0.72 ▲ beat |
| 2026-01-31 | USD 0.81 vs est 0.77 ▲ beat |
| 2025-10-31 | USD 0.93 vs est 0.92 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (HPQ)
| Total Revenue | $59.16B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.50% |
| Gross Margin | +19.66% |
| Operating Margin | +5.40% |
| Profit Margin | +4.14% |
| Current Ratio | 0.79 |
| Total Cash | $4.17B |
| Total Debt | $10.34B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $3.88B (6.6% of revenue) |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (HPQ)
Nexqual rates HP Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Mixed — Revenue +3.2% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Gross margin 20%, operating 5% (last 12 months) |
| Balance Sheet | Mixed — $4.17B cash and investments vs $9.16B debt (Jul 2026, SEC) |
| Cash Flow | Solid — FCF $3.88B (last 4 quarters to Jul 2026, SEC), 7% margin |
| Efficiency | Mixed — No data |
Ownership (HPQ)
| Insider Ownership | +0.30% |
|---|---|
| Institutional Ownership | +96.42% |
| Shares Outstanding | 901.79M |
| Float | 898.94M |
| Short % of Float | +9.47% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (HPQ)
HP Inc. is led by Bruce Dale Broussard, Interim CEO & Director, per Nexqual as of October 23, 2026 at 09:48 UTC.
| Interim CEO & Director | Bruce Dale Broussard |
|---|---|
| Chief Financial Officer | Karen L. Parkhill |
| President of Technology & Innovation | Tuan Tran |
| Interim Chief Marketing & Corporate Affairs Officer | John Koller |
| Managing Director for South African Business | David Rozzion |
Major Backers & Investors (HPQ)
Notable institutional backers of HP Inc. include Dodge & Cox Inc., Primecap Management Company, Invesco, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Dodge & Cox Inc. | 4.73% |
| Primecap Management Company | 2.76% |
| Invesco | 2.14% |
| DnB Asset Management AS | 2.09% |
| AQR Capital Management, LLC | 2% |
| Fidelity | 1.32% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 13.04% |
| BlackRock | 11.92% |
| State Street | 5.86% |
| Geode Capital | 3.4% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
From HP Inc.'s Latest SEC 10-K Filing (filed 2025-12-10)
Key Strengths & Strategy (as disclosed to the SEC)
- As of October 31, 2025, our worldwide patent portfolio included over 16,000 patents which expire at various dates, generally 20 years from their original filing dates.
Partnerships
- HP offers complete solutions in collaboration with an ecosystem of partners.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business is subject to various federal, state, local and foreign laws and regulations that could adversely affect our business and results of operations and cash flows.
- Failure to comply with our customer and partner contracts or government contracting regulations could adversely affect our business and financial performance.
- Our contracts with our customers may include unique and specialized performance requirements.
- Changes in our tax provisions, adverse tax audits, the adoption of new tax legislation, or exposure to additional tax liabilities could have a material impact on our financial performance.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SMCI | Super Micro Computer, Inc. | USD 33.72 | ▼ 5.2% |
| P | Everpure, Inc. | USD 121.2 | ▼ 7.43% |
| LOGI | Logitech International S.A. - R | USD 112.52 | ▲ 1.98% |
| IONQ | IonQ, Inc. | USD 31.16 | ▼ 3.47% |
| WDC | Western Digital Corporation | USD 354.19 | ▼ 6.43% |
| STX | Seagate Technology Holdings PLC | USD 642.14 | ▼ 7.86% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt