HP Inc. (HPQ)

HPQ shares surged on May 30, 2024, after reporting fiscal second-quarter earnings that surpassed estimates. On August 27, 2025, HP announced its fiscal Q3 earnings, reporting net revenues of $13.93 billion, a 3.1% increase year-over-year, but adjusted EPS fell by 10.7% to $0.75. On October 22, 2025, J.P. Morgan downgraded HP Inc.'s stock from "Overweight" to "Neutral," setting a price target of $30.00 due to a challenging outlook. From October 28, 2024, to October 24, 2025, HP Inc.'s share price declined by 26.08%, from $37.42 to $27.66 per share.

Demand for HP Inc.'s products and services exhibits seasonality and is influenced by market cycles. The PC industry is in a recovery phase, with commercial PC demand showing growth, driven by the approaching end of Windows 10 support and the push for Windows 11 and AI-powered PCs. The print business is experiencing a structural decline but remains a key driver of profitability. The company participates in holiday sales and offers Black Friday deals, indicating a seasonal increase in consumer demand.

HP Inc. is a multinational information technology company headquartered in Palo Alto, California, founded in 2015 after splitting from Hewlett-Packard. It is a global leader in computers and printing equipment. Its products and services include personal computers, operating systems, printing equipment, related supplies and accessories, 3D printing services, software, and support. HP is the world's second-largest personal computer vendor by unit sales as of 2024.

HP Inc. has a significant global presence, operating in over 170 countries. Exports account for 64.9% of its net sales, with approximately one-third of its sales generated from the United States. The company operates in two primary regions: the United States and other countries.

HP Inc. maintains a brand reputation centered on innovation and sustainability, emphasizing eco-friendly practices and investing in areas like 3D printing and sustainable computing solutions. However, the practice of HP printers preventing users from utilizing third-party ink cartridges, reported in 2023, could negatively impact its reputation.

HP Inc. is largely controlled by institutional shareholders, who collectively own between 81% and 84% of the company's shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. The general public holds approximately 16% to 19% of the company's stock, while insider ownership is relatively low, less than 1%.