HP Inc. reported fiscal second quarter 2026 results featuring revenue growth and an upgraded full-year earnings per share guidance [1, 3].

These results signal a recovery in the hardware market, as the company leverages artificial intelligence and a resurgence in corporate spending to offset global supply chain pressures.

The company reported a nine% increase in year-over-year revenue [3]. Non-GAAP earnings per share reached $0.86 [3]. Based on these results, HP raised its full-year EPS guidance to a range between $2.90 and $3.10 [1].

Growth was largely driven by the Personal Systems segment, which generated $10.2 billion in revenue [6]. This represents a 13% increase compared to the same period last year [6]. The rebound was led by commercial PC sales, which grew by 14% [6], while consumer PC sales rose by 10% [6].

Profitability also improved during the quarter. The operating margin rose to 5.2%, up from 4.5% a year earlier [6]. Company officials said the performance was due to cost-mitigation playbooks and strong demand for commercial hardware [1, 6].

Alongside the financial data, HP launched HP IQ, a new AI-driven initiative designed to integrate artificial intelligence deeper into its product ecosystem [1, 5]. This move comes as the company attempts to maintain a competitive edge against other PC manufacturers integrating AI capabilities into their hardware.

Despite the growth, the company faced some headwinds. Reports indicate that memory chip pressure impacted the broader industry, though HP managed to beat expectations regardless of these constraints [4].

“HP raised its full-year EPS guidance to a range between $2.90 and $3.10.”

HP's performance indicates that the enterprise refresh cycle for PCs is accelerating, likely driven by the need for AI-ready hardware. By raising its annual guidance and launching the HP IQ platform, the company is pivoting from a period of post-pandemic slump toward a growth strategy centered on AI integration and corporate efficiency.