HP’s PC shipments drop overshadows strong revenue growth

HP said on Wednesday its PC unit shipments and margins declined in the third quarter as price increases to offset rising memory chip costs proved to be insufficient, sending ‌its shares ⁠down 9% ⁠in extended trading.

That overshadowed strong revenue growth of 12.5%, as HP said that rising commodity prices and waning benefits from lower-cost inventory are expected to further pressure margins for Personal Systems in the fourth quarter. A recovery is expected only in fiscal 2027.