News Highlights: HP is collaborating with Red Hat and NVIDIA to deliver an enterprise AI platform designed to run production inference closer to users, applications, machines and data. The planned solution will combine HP ZGX Fury, powered by NVIDIA GB300 Grace Blackwell Ultra Desktop Superchip and Red Hat AI Factory, enabling enhanced AI and orchestration capabilities.
News Highlights: Empowers AI builders, creators, gamers, and developers with HP's newest OmniBook PCs powered by NVIDIA RTX Spark Accelerates intelligent workflows with personal agents, local AI experiences and advanced content creation capabilities Enables ambitious AI development and creative projects with the HP OmniBook Ultra 16, designed for users building what's next Extends next-generati...
HP Inc. shares HPQ fell 5% in trading after the PC and printer maker reported fiscal third-quarter results that beat Wall Street estimates but raised concerns about margins, PC demand and the sustainability of its earnings outlook. The company reported revenue of $15.7 billion for the quarter ended July 31, up 12.5% year over year and above analysts' expectations.
HP Inc (NYSE:HPQ) reported third-quarter revenue and profit that beat analyst estimates and raised its full-year forecast, but shares fell 10.5% as investors weighed the results against expectations. The personal computer and printer maker posted revenue of $15.7 billion for the quarter, up 12.5% from a year earlier and above the $14.38 billion analysts had estimated.
The printer and computer maker reported a profit of $661 million, or 71 cents a share, down from $763 million, or 80 cents a share, a year earlier.
HP HPQ.N forecast current-quarter profit above Wall Street estimates on Wednesday, a sign that estimated tariff refunds along with price increases on premium and AI-powered personal computers will offset memory chip expenses.
Raising fiscal year 2026 earnings per share ("EPS") and free cash flow outlook. Third quarter GAAP diluted net EPS of $0.71, inclusive of an $0.11 favorable impact from tariff refunds, and down 11.3% year over year due in part to one-time tax and litigation benefits in the prior year period.