HP Posts Record Fiscal Q3 Revenue as Costs Pressure Margins
HP reported record fiscal Q3 revenue of $15.7B, up from $13.9B, even as PC unit shipments fell 16% year over year. Net income declined to $661M. Management cited rising memory and storage costs that are squeezing margins, while HP’s sales mix improved. HP also raised full-year 2026 GAAP diluted EPS guidance to $2.52–$2.62 and set Q4 EPS at $0.74–$0.84.