HP Inc. announced on February 3 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 as President and CEO after seven years in the role to pursue another professional opportunity. The Board has formed a CEO Search Committee and retained a leading global executive search firm to identify a permanent successor. Broussard brings more than 30 years of leadership experience, most recently as President and CEO of Humana Inc., and is expected to ensure continuity of strategic initiatives and shareholder value creation while the search is underway.

HP Inc. currently trades at approximately 6.4 times forward earnings and offers a dividend yield near 6.1%, levels that have not been seen in a decade. The company’s resilient free cash flow generation, disciplined capital return program and manageable debt load underpin this deep value proposition for income-focused investors. Growth drivers include AI-enabled PCs, which have seen unit shipments rise by low double digits year-over-year, and an expanding industrial graphics segment that recorded revenue growth of roughly 15% in the most recent quarter. Management’s emphasis on subscription and services revenue is expected to deliver more predictable recurring cash flows over the medium term.

In conjunction with the leadership change, HP Inc. reaffirmed its first-quarter and full-year fiscal 2026 outlook provided in late November. For the first quarter ending January 31, the company maintains a GAAP EPS range of $0.58 to $0.66 and a non-GAAP EPS range of $0.73 to $0.81, excluding approximately $0.15 per share of restructuring, acquisition and other charges. For the full year, management expects GAAP EPS between $2.47 and $2.77 and non-GAAP EPS between $2.90 and $3.20, with anticipated free cash flow of $2.8 to $3.0 billion. These targets reflect ongoing investments in growth areas and the impact of current trade‐related regulations.

Under Broussard’s interim leadership, HP Inc. will continue to execute on its ‘One HP’ platform strategy, focusing on AI-powered devices, software and subscription services that support hybrid work environments. The company plans to accelerate investments in digital workflow solutions and portfolio simplification to drive margin expansion. HP’s board and management emphasize disciplined execution, expecting the strategic priorities—print diversification, PC innovation and services growth—to deliver sustained shareholder returns and position the company for long-term leadership in the Future of Work.