HP Inc. reported fiscal 2026 first quarter revenue of $14.4 billion, up 6.9% year-over-year, driven by strong performance in its Personal Systems business. The company credited continued momentum in AI PCs and disciplined execution of its Future of Work strategy for the growth. Interim CEO Bruce Broussard noted the results reflect portfolio strength despite industry-wide challenges.

Financially, HP posted GAAP diluted earnings per share of $0.58, down 1.7% from the prior year, while non-GAAP EPS reached $0.81, up 9.5%. The company generated $383 million in net cash from operations and $175 million in free cash flow during the quarter. HP returned $600 million to shareholders through share repurchases and dividends.

The results show HP navigating a mixed financial picture - revenue growth outpacing earnings pressure. The AI PC momentum mentioned by Broussard suggests the company is capitalizing on the industry's shift toward more intelligent computing devices, though the earnings decline indicates ongoing cost pressures or market challenges.