HP Inc. named Bruce Broussard, a member of the Board since 2021, as Interim Chief Executive Officer effective immediately. Broussard succeeds Enrique Lores, who stepped down after seven years as CEO to pursue another professional opportunity. The Board has formed a CEO Search Committee and engaged a leading global executive search firm to identify a permanent successor. Broussard, with more than 30 years of leadership experience including a decade as CEO of Humana Inc., is tasked with maintaining strategic momentum and operational discipline during the transition.

Analyst research emphasizes HP’s attractive valuation, noting a forward price-to-earnings multiple of 6.4 times and a dividend yield of 6.1%. Despite recent share price weakness driven by broader PC demand softness, HP’s free cash flow generation remains resilient, supporting disciplined capital returns. Investors are drawn to the combination of high yield and valuation metrics near decade-low levels, with normalized EV/EBIT and EV/Sales ratios also at multi-year troughs according to discounted cash flow models implying a mid-teens internal rate of return.

HP’s Personal Systems segment is gaining traction from AI-enabled PCs tailored to professionals and enterprises seeking advanced compute power, while the Industrial Graphics business benefits from adoption of additive manufacturing and 3D printing solutions in healthcare, automotive and aerospace end markets. Management reports that these areas are contributing to a growing recurring-revenue stream through hardware subscriptions, services and software licenses, enhancing year-over-year revenue stability and margin expansion opportunities.

HP reaffirmed its first quarter GAAP diluted net EPS range of $0.58 to $0.66 and non-GAAP range of $0.73 to $0.81, excluding approximately $0.15 per share of restructuring and other charges. For full fiscal 2026, the company continues to expect GAAP diluted net EPS between $2.47 and $2.77 and non-GAAP EPS between $2.90 and $3.20, excluding roughly $0.43 per share of non-recurring items. Free cash flow is projected between $2.8 billion and $3.0 billion, reflecting disciplined cost management and anticipated impacts from current U.S. trade-related regulations.