Tariff Refunds Inflate HP Earnings, but Investors Focus on Weaker Core Results
HP beat estimates and raised FY outlook thanks to tariff refunds, yet shares dropped after hours on falling PC volumes and margin pressure.
HP beat estimates and raised FY outlook thanks to tariff refunds, yet shares dropped after hours on falling PC volumes and margin pressure.
World’s largest PC maker reports $26.94B revenue, beating forecasts. AI drives 60% growth and $54B server pipeline. Stocks of Dell and HP rise.
HP topped Wall Street expectations with strong Q2 results and a Q3 profit outlook of 61-71 cents per share. AI PCs and Windows 11 refresh drive growth even as memory chip prices soar.
Dell stock jumps on AI hype, with strong growth expected. Other tech firms like HP and Lenovo also rise on booming AI demand.
Nvidia may buy a big company, boosting Dell and HP stocks as AI plans could reshape how PCs and servers are built.
HP crushes Q1 with AI PC boom but flags memory chip crisis + tariffs. Q2 profit outlook misses estimates, full-year guidance leans low-end. Shares drop 7%.