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HP Inc.NYSEInformation TechnologyComputer HardwareSnapshot 2026-06-12
Intact
$25.24+2.27%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is neutral, and earnings quality is also neutral. Management's recent track record has been fairly steady, but the capital stance is capital unfriendly, indicating less favorable shareholder actions. Risk is elevated, while the sector backdrop is a tailwind, suggesting supportive trends in the industry. Peer multiples imply a price about 64% above where it trades (it looks cheap on this basis); the read is cheap, quality intact. The outlook hinges on whether HPQ cuts guidance on the next call, which could have a meaningful negative impact.
as of 2026-06-12
Quick facts
- Exchange
- NYSE
- Sector
- Information Technology
- Industry
- Computer Hardware
- Market cap
- $22.81B
- Employees
- 55,000
- IPO date
- 1957-11-06
- Next earnings
- —
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 6 valuation methods, at three horizons. Current price $25.24. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryinexpensive
$67.94consensus
Range $53.76 – $74.87
vs price: -63% below
Method agreement — · 6 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$49.98consensus
Range $35.93 – $75.81
vs price: -50% below
Method agreement — · 4 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peerslow confidence
At $25 HPQ trades at 8× p/e, below its 22× p/e peer median. Our $74 fair value sits above the price; low confidence. Analysts: $17–$22. Not investment advice.
Multiple (P/E)
7.5x
peer 22.3x · own history 8.1x
Premium
0.3x peer
0.9x its own history
Growth the price needs
-66%
our forecast 2%
Our fair value
$73.80
range $56.69 – $75.83
Analyst range(a guide on our number, not a target)Our number is above the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
inexpensivecheap — quality intact12-month view
What's priced inJustified
The price implies about 66% below a flat-multiple fair value, below our forecast of about 2%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
62nd pctl · Information Technology
Earnings quality
neutralOver the trailing year it converted 1.80x of net income into operating cash flow. Historically, Information Technology names rated neutral grew net income 62% of the time over the next year (vs 58% for the rest of the cohort, n=2831).
56th pctl · Information Technology
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
neutralEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
NeutralEPS revised +4.9% / 30d, n=12for period ending 2026-07-31
Why this setup
Consensus revisions
EPS estimate $0.63 → $0.66 (+4.9% / 30d). 8 raised, 2 cut, 12 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 10 maintained. 11% of analysts rate Buy.
Price target activity
5 PT revisions / 30d. Avg target -25.4% above current price.
Material events
0 positive, 0 negative / 30d.
Sector context
Intermediate · WeeklySector phase: information technology is in growth (~1.0 years in phase).
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- neutral
- Earnings discipline
- strong
- Margin discipline
- strong
- Balance sheet
- strong
- Guidance credibility
- neutral
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$149.
How much price usually moves either way.
On a bad day, this stock has moved -$377.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,662.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- score change · valuation_scoremoderate change
Valuation rose by 18.6 points (from 70.0 to 88.6).
- label change · signal_labelsmall change
Signal changed from 'mild_favorable' to 'favorable'.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- Either wayHigh confidenceMonthsactive 7d
Watch for Q2 earnings results on August 26
Why it matters: Earnings results will show if HP meets its financial goals and guidance.
What confirms / what disproves
Confirms one read:Earnings report shows results in line with or better than guidance.
Confirms the other:Earnings report shows results below guidance.
Sector context
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for HPQ yet.
This sector is also watching
- Watch for revenue growth in Information Technology to fall below the median.
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for HPQ and other Tech names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like DELL, SNDK, and ANET keep beating earnings and guiding higher, the Tech sector momentum should keep lifting HPQ and other Tech names. Worth watching these names for early signals.
- If HPQ raises forward guidance on the next earnings call (currently NEW as of 2026-05-27), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If HPQ cuts guidance on the next call (currently NEW as of 2026-05-27), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like DELL, SNDK, and ANET start missing or guiding lower, the Tech tailwind helping HPQ and other Tech names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-2717d agoItem 2.02
and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such filing. On May 27, 2026, HP Inc. (“HP”) issued a news release relating to the results of operations for its fiscal quarter ended Ap…
Earnings preannouncementneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-2.9 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.