By Jennifer Onyeagoro
Publication Date: 2026-03-10 12:28:00
The company reported GAAP gross margins of 35.9%, up 670 basis points from the same period last year, while non-GAAP gross margins reached 36.6%.
Hewlett Packard Company reported strong financial results for the first quarter of fiscal 2026, ended January 31, 2026, with revenue reaching $9.3 billion, representing an increase of 18% year over year. The company also reported significant improvements in profitability and cash flow, driven by strong product demand and growth in multiple business segments.
The company reported GAAP gross margins of 35.9%, up 670 basis points from the same period last year, while non-GAAP gross margins reached 36.6%. GAAP diluted earnings per share came in at $0.31, beating the company’s projected outlook, while non-GAAP EPS came in at $0.65, also beating expectations. Cash flow from operations amounted to $1.2 billion, an increase of…
