Story
HP Shares Fall After Forecasting PC Market Contraction in 2027
Summary
The technology company's stock declined after it disclosed in a regulatory filing that it expects global PC unit volumes to shrink by mid-single digits in 2027 compared to 2026.
Shares of HP Inc. (NYSE: HPQ) fell on Monday after the company issued a downbeat forecast for the personal computer market. In a new regulatory filing, the technology giant said it anticipates a contraction in global PC shipments for calendar year 2027.
A Sobering Outlook
HP's stock price stumbled by 2% in Monday morning trading following the disclosure. According to the SEC filing, the company's current planning assumption is for global PC unit volumes to shrink by mid-single digits in 2027 compared to 2026.
The company noted that this projection is in line with existing third-party industry forecasts, suggesting a broader consensus on the challenges facing the market. This outlook signals potential for continued headwinds for PC manufacturers and their suppliers.
AdPlanning Still in Flux
HP cautioned that it is still in its planning period for fiscal year 2027 and is not providing official financial guidance at this time. The company emphasized that its current assumption is contingent on market performance in the second half of calendar 2026, which it described as "fluid and is subject to change."
This stance is consistent with comments made during its third-quarter fiscal 2026 earnings call on August 26, 2026. At that time, management stated it was premature to offer a specific outlook on key metrics, including PC unit volumes, for the upcoming fiscal year.
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