HP shares under pressure after guidance miss and cost-cutting plans
ReutersNov 26, 2025 12:06 PM
Shares of PC maker HP HPQ.N down 4.8% at $23.14 in premarket trading
Co expects fiscal 2026 adjusted EPS of $2.90–$3.20, missing analysts' estimate of $3.33- LSEG
Co aims to cut 4,000–6,000 jobs globally by fiscal 2028 to streamline operations
"Investor concerns about a tougher operating environment for HP heading into FY26 have materialized," analysts at J.P.Morgan said
adds upside is limited until there is "greater visibility into an improving macro backdrop or a more benign commodity cycle"
Stock rated "hold" on average; median PT is $27.4, per data compiled by LSEG
As of last close, HPQ down about 25.5% this year
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