{"id":698105,"date":"2026-05-27T23:12:12","date_gmt":"2026-05-27T23:12:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/698105\/"},"modified":"2026-05-27T23:12:12","modified_gmt":"2026-05-27T23:12:12","slug":"hp-beats-revenue-profit-estimates-as-ai-pc-and-windows-11-refresh-boost-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/698105\/","title":{"rendered":"HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">May 27 (Reuters) &#8211; HP beat Wall Street estimates for second-quarter revenue and profit on Wednesday, driven by strong demand for \u200cAI-optimized personal computers and the Windows 11 refresh cycle.<\/p>\n<p class=\"yf-1fy9kyt\">PC makers \u200cincluding HP, Dell Technologies and China&#8217;s Lenovo Group are navigating a shortage of memory \u200bchips as data center buildout is sucking up capacity and triggering price increases of smartphones and PCs.<\/p>\n<p class=\"yf-1fy9kyt\">That supply crunch is pushing some enterprises toward higher-margin premium devices during the Windows 11 upgrade cycle after <a href=\"https:\/\/www.yahoo.com\/organizations\/microsoft\/\" data-ylk=\"slk:Microsoft;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Microsoft&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Microsoft<\/a> ended \u200csupport for Windows 10 in \u2060October last year.<\/p>\n<p class=\"yf-1fy9kyt\">Last week, rival Lenovo reported a better-than-expected 27% jump in fourth-quarter revenue, as strong consumer demand \u2060for PCs ahead of potential price hikes helped the world&#8217;s largest computer maker expand its market share.<\/p>\n<p class=\"yf-1fy9kyt\">HP&#8217;s second-quarter revenue rose 9% to $14.41 billion from \u200ba year \u200bago, beating LSEG-compiled analysts&#8217; average estimate \u200bof $14.07 billion. Its adjusted earnings \u200cper share of 86 cents also topped estimates of 71 cents for the quarter ended April 30.<\/p>\n<p class=\"yf-1fy9kyt\">Shares of the company rose as much as 15% in extended trading following the results. They were last up around 1%.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;During the second quarter, we continued executing our future \u200cof work strategy through intelligent devices, edge \u200bAI, and connected experiences while navigating rising \u200bcommodity costs,&#8221; HP interim \u200bCEO Bruce Broussard said in a statement.<\/p>\n<p class=\"yf-1fy9kyt\">The company&#8217;s &#8220;future of \u200cwork&#8221; strategy focuses on AI-powered PCs, \u200bhybrid work tools \u200band workplace software.<\/p>\n<p class=\"yf-1fy9kyt\">HP said it now expects fiscal 2026 adjusted EPS of $2.90 to $3.10, compared with its prior estimates of $2.90 to $3.20.<\/p>\n<p class=\"yf-1fy9kyt\">The company \u200bexpects third-quarter adjusted EPS \u200cbetween 61 cents and 71 cents, the mid-point of which \u200bwas slightly above estimates of 64 cents.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Jaspreet Singh \u200bin Bengaluru; Editing by Shreya Biswas)<\/p>\n","protected":false},"excerpt":{"rendered":"May 27 (Reuters) &#8211; HP beat Wall Street estimates for second-quarter revenue and profit on Wednesday, driven by&hellip;\n","protected":false},"author":2,"featured_media":698106,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,98271,15694,254468,61,66130,17863],"class_list":["post-698105","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-dell-technologies","tag-estimates","tag-lenovo-group","tag-technology","tag-wall-street-estimates","tag-windows-11"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/698105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=698105"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/698105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/698106"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=698105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=698105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=698105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}