HP shares fall 3.7% as PC demand outlook points to 2027 contraction

  • HP withheld fiscal 2027 financial guidance while its annual planning process remains underway.
  • HP shares fell 3.72% to $33.16 at the time of publication Monday.
  • HP assumes industrywide PC unit volumes will decline mid-single digits in calendar 2027.

HP Inc. shares fell 3.72% to $33.16 on Monday after the company withheld fiscal 2027 financial guidance and warned that industrywide personal computer unit volumes could decline at a mid-single-digit rate in calendar 2027 from 2026 levels. HP said its fiscal 2027 planning process remains underway and that specific outlook metrics would be premature. The planning assumption is aligned with third-party forecasts but depends on market conditions in the second half of calendar 2026, which the company described as fluid. The disclosure followed commentary on HP’s Aug. 26 third-quarter earnings call. HP’s shares remain above their 20-day, 50-day, 100-day and 200-day moving averages, although they have pulled back from a 52-week high of $36.23. Technical levels identified in the report include resistance near $36 and support around $27. The Nasdaq was up 2.42% and the S&P 500 was up 1.35% at the time of the report.

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