On February 3, 2026, HP Inc. announced that Bruce Broussard, a member of the company’s Board of Directors since 2021, has been appointed Interim Chief Executive Officer effective immediately. He succeeds Enrique Lores, who stepped down after a seven-year tenure as CEO and 36 years with the company to pursue another professional opportunity. The Board has formed a CEO Search Committee and retained a global executive search firm to identify a permanent successor. Broussard brings more than 30 years of leadership experience, including over a decade as President and CEO of Humana Inc. and senior roles at US Oncology. The company reaffirmed its strategic priorities under Broussard’s stewardship and emphasized stability and continuity during the transition.

HP Inc. shares are trading near decade-low valuations with a forward price-to-earnings ratio of 6.4x and a dividend yield of 6.1%, reflecting perceived opportunities in both value and income sectors. The company has maintained a disciplined capital return policy, distributing over $1.5 billion in dividends and repurchasing $1.2 billion of common stock during the last fiscal year. Free cash flow generation remained robust at $3.2 billion in fiscal 2025, supporting continued shareholder distributions without sacrificing investment in AI-enabled PCs and industrial graphics solutions.

HP reaffirmed its fiscal 2026 outlook, projecting non-GAAP diluted net EPS of $2.90 to $3.20 and GAAP diluted net EPS of $2.47 to $2.77. The company expects to generate free cash flow in the range of $2.8 to $3.0 billion for the full year. First quarter non-GAAP EPS is anticipated between $0.73 and $0.81, excluding approximately $0.15 per share of restructuring and other charges. These targets incorporate the impact of current trade-related regulations and associated mitigation costs. Investors will have the opportunity to review Q1 results during an audio webcast scheduled for February 24, 2026.