HP Inc. (HPQ)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-11-04
$29.93+5.87%
Close 2026-11-04 · 1-day change
NYSEInformation TechnologyComputer HardwareSnapshot 2026-11-04
QuarterlyIQ Insights · HPQ
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -59.1% |
| Our one-year growth estimate | diamond | 0.9% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 60.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 5 industry peers
HPQ — CEO transition
Dated 2026-11-04
CEO — Emma Walmsley: The filing announces the appointment of an external candidate, Emma Walmsley, as CEO, succeeding the interim CEO in an orderly transition rather than a sudden loss of leadership.
Why it matters: HP set a Q4 EPS range that includes tariff refunds. A miss would weaken its raised FY26 profit view.
Worry ifQ4 non-GAAP EPS is below $0.69, the low end of HP's range.
Less concerning ifQ4 non-GAAP EPS is at least $0.69, the low end of HP's range.
Why it matters: Personal Systems drove Q3 revenue growth, but its unit sales fell 16%. Slower sales growth could test that strength.
Worry ifPersonal Systems revenue growth is below 10% year over year in the next report.
Less concerning ifPersonal Systems revenue growth is at least 10% year over year.
Why it matters: HP raised its FY26 cash goal to $3.0–$3.2 billion. The next report will show whether cash keeps pace.
Supportive ifFY26 free cash flow is at least $3.0 billion.
Worry ifFY26 free cash flow is below $3.0 billion.
Why it matters: Printing revenue and supplies revenue fell in Q3. A return to growth would mark a change in that trend.
Supportive ifPrinting supplies revenue grows year over year in the next report.
Worry ifPrinting supplies revenue falls year over year again.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$204 on $10,000 · ±2.0% | How much price usually moves either way. |
| Bad day | $419 loss on $10,000 · 4.2% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,088 loss on $10,000 · 30.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.