HP Inc. (NYSE:HPQ) shares declined 2% in Monday morning trading after the company disclosed that it expects worldwide personal computer shipments to fall in calendar 2027.
In a filing with the US Securities and Exchange Commission (SEC), HP said it anticipates a mid-single-digit percentage decline in global PC unit volumes compared with 2026, in line with current forecasts from third-party industry analysts.
The company stressed that the projection is a market assumption rather than formal financial guidance for its next fiscal year.
HP Expects Lower Global PC Shipments
HP’s planning assumption points to a contraction in worldwide PC unit sales during calendar 2027.
The company said its expectation is consistent with existing external industry forecasts but remains dependent on how the market performs during the second half of 2026.
Changes in demand over the remainder of the year could therefore affect its assessment of the market outlook.
HP did not provide a specific forecast for its own PC shipments or revenue in the filing.
Fiscal 2027 Financial Guidance Remains Pending
HP said it is still preparing its plans for fiscal 2027 and is not yet issuing financial guidance for that period.
During its third-quarter fiscal 2026 earnings conference call on 26 August, the company had already indicated that it was too early to provide detailed expectations for the following fiscal year, including PC unit volumes.
The latest filing provides an industry-wide shipment assumption without establishing how the anticipated market contraction might affect HP’s financial performance.
The company also cautioned that its outlook could change as additional information becomes available about PC demand in the second half of 2026.
The disclosure highlights uncertainty surrounding the industry’s near-term trajectory, with HP expecting global unit volumes to decline next year while withholding company-specific financial projections.
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