HP Inc. stock falls 3.03 percent as PC outlook weighs

Published on 09/24/2026 at 21:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HP Inc. stock traded at USD 31.18 on September 24, 2026, after a filing outlined a mid-single-digit PC decline for 2027. Fiscal Q3 revenue rose 12.5 percent to USD 15.7 billion.

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HP Inc. stock (ISIN US40434L1052) was trading at USD 31.18 on the NYSE on September 24, 2026, down 3.03 percent at 3:56 p.m. ET. The move followed a filing that pointed to a mid-single-digit decline in global PC unit volumes during calendar 2027, as Yahoo Finance reported on September 21, 2026.

PC demand meets higher costs

The filing adds a new pressure point to HP's hardware business because lower unit volumes can limit the benefit of price increases. HP's fiscal 2026 third-quarter Personal Systems revenue reached USD 11.8 billion, up 18 percent year over year, even as total Personal Systems units fell 16 percent.

That gap matters for the investment case. Revenue grew through pricing and mix, while unit volume contracted, leaving margins exposed if customers resist further price increases.

Revenue grows while EPS splits

According to HP Inc. in its August 26, 2026 release, fiscal Q3 2026 net revenue rose 12.5 percent year over year to USD 15.7 billion. Non-GAAP diluted EPS increased 10.7 percent to USD 0.83, while GAAP diluted EPS fell 11.3 percent to USD 0.71.

The mixed earnings profile reflects the effect of tariff refunds and higher operating pressure. HP included a USD 0.11 tariff-refund benefit in both EPS figures and raised fiscal 2026 non-GAAP EPS guidance to USD 3.19 to USD 3.29.

HP Inc. stock stays below its high

HP Inc. stock had a market capitalization of USD 28,519,399,267 on September 24, 2026. At USD 31.18, the share price stood 13.94 percent below its 52-week high of USD 36.23, keeping the valuation debate tied to cash generation and the durability of PC pricing.