HP expects memory chip crunch to persist as PC sales forecast drops

HP warns that memory chip shortages will persist through next year as PC sales decline. The firm expects annual profits to hit the low end of its forecast.

Insights:
HP Inc. announced on Wednesday that it expects memory chip volatility to persist into next year, leading the company to forecast a double-digit decline in PC unit shipments. While the hardware maker reported quarterly revenue and profit that exceeded market estimates, it projected its fiscal 2026 adjusted profit will land at the low end of its prior range. The company signaled that ongoing memory shortages and the commencement of new US USUS import tariff collections are creating significant cost pressures and supply constraints across the industry.
HP (Hewlett-Packard) logo is seen in this illustration taken August 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
HP (Hewlett-Packard) logo is seen in this illustration taken August 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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