HP revised its fiscal‑year earnings outlook after posting a stronger second‑quarter. The company now projects a net profit of $2.15 to $2.45 per share, down from a previous $2.47 to $2.77 range. The adjustment follows a 12% jump in revenue and a 9% rise in adjusted earnings.

Adjusted revenue climbed 12%, driven by a 15% increase in PCs and a 5% lift in printer sales. However, the company flagged rising component costs from the memory‑chip shortage, which dented margins. CFO Karen Parkhill said the firm is tightening discipline in a volatile market.

Full‑year adjusted earnings now sit between $2.90 and $3.10 per share, trimming the upper end from $3.20. Analysts polled by FactSet expect $2.87. The cut signals tighter supply‑chain pressures and a cautious stance on future demand for enterprise hardware.

HP’s downgrade will ripple through its investor base, as analysts reprice the stock in light of slimmer margins. The move underscores the broader tech sector’s exposure to component shortages and highlights the need for cost‑control strategies in an uncertain macro backdrop and cautious guidance for next fiscal year in earnings.