HP Inc. reported record third-quarter fiscal 2026 revenue of $15.7 billion. However, HP's stock fell 9.2% in after-hours trading as PC shipments declined 16% year-over-year and the company warned that memory costs would continue to pressure profit margins. Although revenue for the Personal Systems segment, which handles the PC business, grew 18% to $11.8 billion, total shipments decreased by 16%. The company expects fourth-quarter revenue to be below seasonal levels and raised its full-year adjusted earnings per share and free cash flow outlook.