HP Earnings Preview: Revenue Expected to Grow 1.8% YoY to $13.76 Billion

HP (HPQ) will announce Q2 earnings on Wednesday. Analysts expect revenue to grow 1.8% YoY to $13.76 billion and adjusted earnings of $0.75 per share. The majority of analysts have reconfirmed their estimates, suggesting the business will stay on track. HP has missed revenue estimates twice in the last two years. The company's share price is up 6.7% over the last month and has an average analyst price target of $27.00.

Title: HP Inc. (HPQ) Q2 2025 Earnings Preview: Analysts Expect Revenue Growth and Stable EPS

HP Inc. (HPQ) is scheduled to announce its Q2 2025 earnings on Wednesday, August 27, 2025. Analysts are projecting a 1.8% year-over-year (YoY) revenue growth, reaching $13.76 billion, and adjusted earnings per share (EPS) of $0.75 [2]. The majority of analysts have reconfirmed their estimates, indicating that the company is on track to meet expectations. This report comes amidst a backdrop of mixed performance and evolving market conditions.

Revenue and EPS Expectations

Analysts expect HP Inc. to report a 1.3% increase in revenue to $13.696 billion, up from $13.52 billion a year ago [2]. The company's EPS guidance for the period ending July 31, 2025, was between $0.68 and $0.80, with the mean estimate from analysts at $0.75 per share [2].

Market Performance

HP Inc.'s share price has been on an upward trajectory, increasing by 6.7% over the last month [1]. The current average analyst price target for HP Inc. is $27.00, which is slightly below its last closing price of $27.74 [2]. Despite the positive performance, the company has missed revenue estimates twice in the last two years, which has led to a cautious outlook among some analysts.

Recent Earnings History

HP Inc. has shown mixed performance in its recent earnings reports. In the last quarter, the company reported a 5% year-over-year revenue increase in constant currency, with strong performance in the Personal Systems division, particularly in commercial PCs, which grew by 9% [1]. However, the company faced challenges such as tariff impacts and operating profit shortfalls, which have led to a cautious outlook for the future.

Analyst Ratings and Price Targets

Analysts have generally maintained a "hold" rating on HP Inc. stock, with a breakdown of recommendations including 3 "strong buy" or "buy," 13 "hold," and 1 "sell" or "strong sell" [2]. Several brokerages have recently adjusted their price targets, reflecting a more cautious outlook on the stock. TD Cowen, for instance, set a new target of $28.00, while other firms like UBS Group and Barclays have also lowered their targets to $26.00 and $28.00, respectively [3].

Conclusion

HP Inc. is expected to report strong revenue growth and stable EPS for Q2 2025. However, the company continues to face challenges such as tariff impacts and operating profit shortfalls. Analysts remain cautious, with a majority maintaining a "hold" rating and adjusting price targets downward. The upcoming earnings announcement will provide further insights into the company's performance and the market's response.

References

[1] https://www.tipranks.com/stocks/hpq/earnings
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3UH15G:0-hp-inc-expected-to-post-earnings-of-75-cents-a-share-earnings-preview/
[3] https://www.marketbeat.com/instant-alerts/filing-aberdeen-group-plc-sells-474793-shares-of-hp-inc-hpq-2025-08-18/