HP Inc.

HPQ · Information Technology · Market cap $24.4B

Q2 FY26 Feb 1 – Apr 30, 2026 reported May 28, 2026

Revenue$14.41B +9% year over year

Gross profit$3.02B

Operating profit$0.61B

Net profit$0.45B 3% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Apr 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	14.41	100%	+9%
Personal Systems	10.21	71%	+13%
Printing	4.20	29%	+0%
Cost of revenue	−11.39	79%
Gross profit	3.02	21% margin	+0pp
Research & development	−0.43	3%	+0pp
SG&A	−1.51	11%	−1pp
Other	−0.46	3%	+0pp
Operating profit	0.61	4% margin	−1pp
Interest & other costs	−0.16
Net profit	0.45	3%	+0pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Jan 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	14.44	100%	+7%
Personal Systems	10.25	71%	+11%
Printing	4.19	29%	−2%
Cost of revenue	−11.60	80%
Gross profit	2.84	20% margin	−1pp
Research & development	−0.39	3%	+0pp
SG&A	−1.50	10%	+0pp
Other	−0.18	1%	+0pp
Operating profit	0.76	5% margin	−1pp
Tax	−0.13
Interest & other costs	−0.09
Net profit	0.55	4%	+0pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Oct 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	14.64	100%	+4%
Personal Systems	10.35	71%	+8%
Printing	4.27	29%	−4%
Corporate Investments	0.02	0%	+73%
Cost of revenue	−11.68	80%
Gross profit	2.96	20% margin	−1pp
Research & development	−0.40	3%	+0pp
SG&A	−1.43	10%	+0pp
Other	−0.18	1%	+0pp
Operating profit	0.96	7% margin	+0pp
Interest & other costs	−0.16
Net profit	0.80	5%	−1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Jul 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	13.93	100%	+3%
Personal Systems	9.93	71%	+6%
Printing	3.99	29%	−4%
Corporate Investments	0.02	0%	+129%
Cost of revenue	−11.08	80%
Gross profit	2.85	20% margin	−1pp
Research & development	−0.41	3%	+0pp
SG&A	−1.45	10%	+0pp
Other	−0.28	2%	+0pp
Operating profit	0.72	5% margin	−2pp
Interest & other costs	−0.09
Net profit	0.76	5%	+1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Feb 1 – Apr 30, 2026	May 28, 2026	$14.4B	+9%	4%	$0.45B	3%
Q1 FY26	Nov 1, 2025 – Jan 31, 2026	Feb 25, 2026	$14.4B	+7%	5%	$0.5B	4%
Q4 FY25	Aug 1 – Oct 31, 2025	Dec 10, 2025	$14.6B	+4%	7%	$0.8B	5%
Q3 FY25	May 1 – Jul 31, 2025	Aug 28, 2025	$13.9B	+3%	5%	$0.8B	5%