HP (NYSE: HPQ) reported net revenue of $14.4 billion for the first quarter of 2026, up 6.9% year-over-year.
GAAP net earnings decreased 4% to $545 million and earnings per share dropped 2% to $0.58 compared to last year. Adjusted EPS increased 9% YoY to $0.81.
In the Personal Systems segment, net revenue was $10.3 billion, up 11% YoY. Printing net revenue was $4.2 billion, down 2% YoY.
For the second quarter of 2026, HP estimates GAAP EPS to be $0.52-0.58 and adjusted EPS to be $0.70-0.76. For fiscal year 2026, HPQ expects GAAP EPS to be $2.47-2.77 and adjusted EPS to be $2.90-3.20.