Personal computing and printing company HP (NYSE: HPQ) will be reporting results this Tuesday after market hours. Here’s what you need to know.
HP beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $13.93 billion, up 3.1% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ revenue estimates but EPS in line with analysts’ estimates.
Is HP a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting HP’s revenue to grow 3.4% year on year to $14.54 billion, improving from the 1.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.92 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. HP has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.5% on average.
Looking at HP’s peers in the hardware & infrastructure segment, some have already reported their Q3 results, giving us a hint as to what we can expect. IonQ delivered year-on-year revenue growth of 222%, beating analysts’ expectations by 47.8%, and Diebold Nixdorf reported revenues up 2%, topping estimates by 1.7%. IonQ traded up 3.6% following the results while Diebold Nixdorf was also up 16.6%.
Read our full analysis of IonQ’s results here and Diebold Nixdorf’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the hardware & infrastructure stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.3% on average over the last month. HP is down 13.4% during the same time and is heading into earnings with an average analyst price target of $27.93 (compared to the current share price of $23.95).
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