Hp inc. HPQ

Revenue Intelligence Report • 52 quarters of SEC filing data • Updated 2026-03-06

HP Inc. continues to demonstrate a robust revenue model, generating $1.36 in long-run revenue for every dollar spent on SG&A, while facing a negative return on R&D investments, which yield $-7.20 in long-run revenue per dollar spent. The company's latest quarterly revenue reached $14.44 billion, aligning closely with predictive models that maintain a 3.6% MAPE accuracy. Looking ahead, HP is forecasting a total revenue of $56 billion for the fiscal year, reflecting a modest 2.2% year-over-year growth. This outlook suggests a focus on optimizing SG&A spending to enhance revenue generation while reevaluating R&D strategies to improve overall financial performance.

Next FY Revenue

$56.29B

+2.2% YoY

R&D Multiplier

$-7.20 per $1

SG&A Multiplier

$1.36 per $1

Model Accuracy

3.6% MAPE

Holdout validation: The model predicted $14B vs the actual $14B — an error of 3.7%.

⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.

Revenue Forecast

Quarterly Detail

Quarter	Model Forecast	Actual	95% Range	YoY Growth	Status
Q4 2025	$14B	$14B	$13B – $15B	+2.9%	✓ In range
Q1 2026	$14B		$12B – $16B	+2.5%
Q2 2026	$14B		$12B – $16B	+6.5%
Q3 2026	$14B		$11B – $17B	+1.7%
Q4 2026	$14B		$11B – $17B	-1.6%

How Spending Drives Revenue

Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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