HP Inc. Earnings Preview: What Wall Street Is Watching

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HP Inc. (HPQ) is reporting its fiscal first-quarter 2026 results today under significant pressure, with its stock down nearly 17% year-to-date. Wall Street is closely watching how the company manages memory cost inflation, which is expected to impact full-year earnings by 30 cents, and the performance of its Personal Systems and Printing segments. Key factors for investors will be Q1 gross margins, the acceleration of AI PC demand, and the consistent decline in printing supplies revenue, all of which will set the stage for HP’s upcoming Investor Day.

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