HP (HPQ) Stock Surges After AI PC-Driven Q2 Results Top Estimates, Guidance Raised

HP Inc. (NYSE: HPQ) shares jumped as much as 10.1% on May 29, 2026, after the company reported fiscal second-quarter results that beat expectations and lifted its current-quarter earnings forecast, driven by accelerating demand for AI-powered personal computers. Revenue for the three months ended April 30 rose 9% year-over-year to $14.4 billion, while adjusted earnings per share reached 86 cents, both surpassing analyst consensus. The Personal Systems division, which sells PCs, grew revenue 13% to $10.2 billion, with AI PCs now accounting for 44% of total shipments—a sharp increase from the prior quarter. HP projected that AI PCs could make up 60% to 70% of the mix next fiscal year. The upbeat guidance and shipment trends signal sustained corporate and consumer upgrades tied to AI capabilities. The stock closed at $27.04, up 8.3%, near its 52-week high of $29.35. HP shares have advanced 22.5% year-to-date.