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HP’s 7% Revenue Growth Faces Rising Memory Cost Pressure

HP Inc. has reported its financial results for the first quarter of fiscal 2026, reflecting both promising developments and tangible challenges. The company achieved a total revenue of $14.4 billion, representing a year-over-year growth of 7%. This growth was primarily driven by its Personal Systems segment, highlighting a successful response to market demands such as the Windows 11 refresh cycle and the growing adoption of AI-enabled PCs. HP gained market share across its Commercial and Consumer PC categories, maintaining double-digit revenue growth within the segment. Moreover, the Print business remained in line with projections, bolstered by momentum in Consumer subscriptions and industrial print services. Non-GAAP EPS stood at $0.81, marking a 9% increase from the previous year, and situated at the upper limit of the company’s guidance range.