HP Smashes Q2 Profit Expectations as AI Printing Gains Momentum

HP Smashes Q2 Profit Expectations as AI Printing Gains Momentum

HP Inc. officially announced its second-quarter fiscal 2026 financial results, delivering a total corporate net revenue of $14,408 million USD, which marks a 9.0% year-over-year expansion.

The company recorded a total non-GAAP operating profit of $1,075 million USD, translating to a consolidated non-GAAP operating margin of 7.5%, an increase of 0.2 percentage points. A standout performance metric for the period was the non-GAAP diluted net earnings per share, which reached $0.86 USD, significantly outperforming the company’s previously guided outlook of $0.70 USD to $0.76 USD per share.

The Printing division generated net revenue of $4,195 million USD, reflecting flat year-over-year growth as reported. Within the division’s revenue architecture, printing supplies remained the clear core contributor, climbing 1% year-over-year to make up 66% of the segment’s total revenue. Commercial printing revenue held entirely stable year-over-year to account for a 28% share of the printing mix, while consumer printing revenue experienced a double-digit decline of 10% year-over-year, accounting for the remaining 6%.

Total printing hardware units dropped by 7% year-over-year, but financial results were anchored by structural recovery in the corporate office print market alongside steady sequential market share gains in both big Tank configurations and across all A4 office printing categories.

Innovation and subscription momentum across printing workflows and corporate hybrid workplace environments remained central to HP’s long-term enterprise strategy during the quarter. The company’s Workforce Solutions business recorded positive year-over-year revenue expansion, fueled by double-digit growth in both personal systems hardware and workplace services. This expansion drove solid growth in total contractual value for both personal systems and print divisions through successful acquisitions of new corporate clients and major contract renewals.

On the consumer side, printing subscription channels grew by double digits year-over-year across the Instant Ink, Instant Paper, and All-In-Plan ecosystems, with the latter scaling its base of active subscribers to widen recurring revenue streams.

For physical office spaces, HP launched a new LaserJet series combining stable hardware performance with artificial intelligence-enabled document workflow automations and quantum-resistant corporate security protections. Meanwhile, industrial graphics and 3D printing subdivisions expanded year-over-year behind balanced hardware, supplies, and services demand, highlighted by the debut of the compact HP Multi Jet Fusion 1200 system designed to scale 3D operations into accessible enterprise footprints.

Evaluating other core segments, the Personal Systems division stood out as a primary revenue growth engine, generating a net revenue of $10,213 million USD, a significant year-over-year growth rate of 13.2% as reported and 10.0% in constant currency.

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• HP Latex Technology to Boost Large-Format Industry in 2026

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