Earnings Forecast

HP Inc. announced a restructuring plan involving a 4,000-6,000 workforce reduction. While Q3 revenue and EPS beat estimates, FY26 earnings guidance fell short, sending shares down. The company cites trade regulations as a factor. Personal systems revenue rose 8%, offsetting a 4% printing business decline. HP plans $1B cost savings by FY28, incurring $650M in restructuring charges. CEO Lores emphasizes AI integration for future growth amid rising memory costs. HP sees Windows 10 end-of-life driving PC sales, but faces challenges in the printing sector.

MongoDB (MDB) shares soared over 30% after Q2 fiscal results exceeded expectations with revenue of $591 million (a 24% YoY increase) and adjusted EPS of $1.00. MongoDB Atlas sales grew by 29% YoY, driven by increased cloud adoption. The company added over 5,000 new customers, a record for the first half of the year. MongoDB’s focus on larger enterprise deals is proving successful. The company’s Q3 and full-year guidance surpassed analysts’ estimates, signaling strong growth and investor confidence.