HP Shares Fall After Forecasting PC Market Contraction in 2027

Shares of HP Inc. (NYSE: HPQ) fell 2% in early trading Monday after the technology company warned of a potential contraction in the personal computer market in a new regulatory filing.

Forecast Details

In a document filed with the U.S. Securities and Exchange Commission (SEC), HP disclosed that it expects global PC shipments to decline by a mid-single-digit percentage in 2027 compared to 2026. The Palo Alto-based company noted that this projection is largely in line with current forecasts from third-party industry analysts.

The disclosure provides a cautious outlook for an industry that continues to navigate market uncertainty. HP's forecast suggests that significant pressure on PC sales may persist into the coming year.

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A Planning Assumption

HP emphasized that it is still in the planning phase for its 2027 fiscal year and is not providing formal financial guidance at this time. The company described the shipment forecast as a "planning assumption" that is contingent on market performance in the second half of 2026.

Given the current uncertainty in the market, HP cautioned that these assumptions are subject to change. The statement follows comments made during its fiscal third-quarter 2026 earnings call on August 26, when executives stated it was too early to provide a specific forecast for the full year.