HP Inc. (HPQ)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-10-30
$28.78-9.58%
Close 2026-10-30 · 1-day change
NYSEInformation TechnologyComputer HardwareSnapshot 2026-10-30
Research Workspace
Put HPQ beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Technology Hardware, Storage & Peripherals is in supercycle. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Free cash flow of $2.8 to $3.0 billion in FY 2026: Free cash flow: $1.55B.
View ThesisRevenue is growing steadily — about 8% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 21%.
View QualityManagement screens strong on earnings delivery, margins.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 34% in its worst 12-month stretch.
View RiskHPQ’s case rests on revenue growth supporting earnings, despite fragile cash backing and a pressured free-cash-flow pillar. Revenue rose year over year in Q2, and non-GAAP EPS beat; reported profit fell year over year. Revenue growth reached 9.0% in Q2 and 12.5% in Q3, indicating acceleration. HPQ trades at 9.3× P/E versus a 34.5× peer median, compared with its 8.5× historical multiple. The price reflects less growth than our forecast, though the peer gap leaves the multiple needing support. The specific risk is FY 2026 free cash flow of $1.55 billion versus a $2.8 to $3.0 billion pillar. Our model puts the next-quarter miss probability near 19%. Peer multiples imply a price about 60% above where it trades; the thesis is on watch.
Trailing returns as of 2026-10-30. HPQ is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 20 analysts currently covering HPQ (as of Oct 2026).
Based on 5 Wall Street analysts offering 12-month price targets for HPQ in the last 4 months.
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Compare HPQ with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| HPQ Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Technology Hardware, Storage & Peripherals — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put HPQ next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Maintain EPS guidance of approximately $2.5 to $2.6 for fiscal 2026
Downgrade suggests EPS guidance may be at risk.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $28.78
The last 12 months of price, then the range of analyst 12-month targets from today’s $28.78.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
PC market slump impacts growth and revenue expectations.
Higher earnings estimates support management's EPS guidance.
Advances: Generate $2.8 to $3.2 billion free cash flow in fiscal 2026
Strong earnings and free cash flow support fiscal 2026 targets.
Advances: Maintain EPS guidance of approximately $2.5 to $2.6 for fiscal 2026
Higher EPS guidance supports growth objectives.
Threatens: Manage cost pressures and execute mitigation plans
Concerns over margins threaten cost management objectives.
Advances: Maintain EPS guidance of approximately $2.5 to $2.6 for fiscal 2026
New EPS guidance exceeds previous targets, enhancing growth outlook.
Advances: Manage cost pressures and execute mitigation plans
Record revenue indicates effective cost management.
