SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge 
SoftBank Shares Surge as OpenAI IPO Buzz and SB Energy Filing Boost AI Optimism 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
SpaceX Eyes AI Computing Expansion Ahead of Historic IPO 
PDG Explores $1 Billion Sale of China Data Center Assets 
Ferrari Luce: How Ferrari Evolved From Hybrid Supercars to Its First Fully Electric Vehicle 
Goldman Sachs to Pay $500M in 1MDB Shareholder Fraud Settlement 
Huawei Chip Breakthrough Sparks Rally in Chinese Semiconductor Stocks 
Boeing Wins Fraud Lawsuit Over 737 MAX Filed by LOT Polish Airlines 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
Intuit Raises Full-Year Forecast After Strong Q3 Earnings Despite Stock Drop 
Samsung Union Dispute Escalates Over Semiconductor Bonus Vote 
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand 
SpaceX IPO Hype Raises Questions as Many Major Stock Debuts Underperform Market 
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook 
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
Morgan Stanley Names Top AI Security and Data Center Stocks for 2026 
HP Inc. (NYSE: HPQ) reported stronger-than-expected fiscal second-quarter 2026 results, surpassing Wall Street estimates on both earnings and revenue. However, HP stock slipped slightly in after-hours trading as investors weighed ongoing supply chain challenges and cautious full-year guidance.
The PC and printer manufacturer posted adjusted earnings of $0.79 per share on revenue of $14.41 billion for Q2 2026. Analysts had forecast earnings of $0.71 per share and revenue of $13.99 billion. Following the report, HP shares initially moved higher before turning lower in extended trading.
HP’s personal systems division, which includes its PC business, generated $10.21 billion in revenue, marking a 13% year-over-year increase. Despite the revenue growth, unit sales declined 7% compared to the same period last year. According to Gartner, HP was the only major PC maker to experience a yearly decline in worldwide shipments during the first quarter of 2026.
The company’s printing segment delivered revenue of $4.20 billion, remaining flat year-over-year as demand in the printing market stayed stable.
HP’s quarterly performance comes amid rising concerns over global memory chip shortages. The supply of memory semiconductors has tightened significantly in 2026, leading to sharply higher prices for components used in personal computers and other electronic devices. Counterpoint Research noted that memory chip prices reached record highs during the first quarter, increasing cost pressures for manufacturers like HP.
Interim CEO Bruce Broussard said HP continues to focus on its “future of work” strategy through AI-powered devices, edge AI technologies, and connected workplace experiences while managing higher commodity costs.
For the fiscal third quarter of 2026, HP expects adjusted earnings between $0.61 and $0.71 per share, compared with analysts’ expectations of $0.64 per share. The company also slightly lowered the upper end of its full-year 2026 adjusted earnings outlook, now forecasting earnings in the range of $2.90 to $3.10 per share.
