HPQ stock slips nearly 5% premarket as HP warns memory costs will squeeze 2026 outlook
HP Inc shares fell 4.7% to $17.34 in early premarket trading Wednesday after the company warned annual profit will likely hit the low end of its forecast. HP flagged higher memory costs and a double-digit drop in PC shipments for 2026. Quarterly revenue rose 6.9% to $14.4 billion, but management cited tariffs and component inflation as ongoing risks.