[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcioda650fe3":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcioda650fe3","利润指引含金量、PC与打印机需求前景惹担忧-惠普(HPQ)Q3业绩超预期但绩后大跌","\u002Fdoc\u002Fdcioda650fe3","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，尽管惠普(HPQ)公布了好于预期的第三财季业绩及第四财季盈利指引，但由于投资者质疑其盈利指引的“含金量”、同时担忧个人电脑(PC)和打印机需求前景，截至发稿，惠普股价在周三美股盘后大跌超9%。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>财报显示，惠普2026财年第三财季总营收同比增长13%至157亿美元，好于分析师平均预期的143.4亿美元;调整后的净利润为7.7亿美元，同比增长8%;调整后的每股收益为0.83美元，好于分析师平均预期的0.69美元，其中包含每股0.11美元的关税退款收益。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>惠普临时首席执行官Bruce Broussard表示“在第三季度，我们提升了整体销售额和高端产品的市场份额，并通过在WXP、打印、工作站和AI PC领域的创新持续吸引新客户。我们应对环境制约的持续战略带来了内存供应的显著改善和更高的订单履行率。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>惠誉预计，截至10月的第四财季调整后每股收益为0.69美元至0.79美元，好于分析师平均预期的0.67美元。然而，第四财季盈利指引包含每股0.08美元的关税退款收益。若剔除这一因素，第四财季盈利指引中值实际上约为0.66美元，低于市场预期。换句话说，表面上的盈利上修很大程度来自一次性或非经营性因素，而非核心业务趋势改善。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>与此同时，惠普的PC和打印机需求前景更令市场担忧。数据显示，在第三财季，该公司PC业务营收同比增长18%至118亿美元(其中商用PC销售额增长22%成为主要推动力)，但出货量却下滑16%，显示营收增长主要由涨价推动。内存芯片成本大幅上升迫使惠普提高部分PC售价、重新设计产品，这可能进一步压制终端需求。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>打印机业务表现相对平淡，营收同比下降2%至39亿美元，符合市场预期。相比PC业务，打印业务没有出现明显的价格拉动型增长，也没有成为本季度的亮点。对于惠普而言，打印机及耗材长期以来是重要利润来源，但当前该业务仍面临需求疲软和结构性压力。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>摩根士丹利分析师在惠普业绩公布前的一份报告中写道，投资者此前已经预期惠普“7月季度的表现会好于最坏预期”，但如今他们开始担忧PC和打印机市场的趋势正在恶化。该分析师表示，在惠普公布明年的业绩展望之前，市场不太可能因此感到放心。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>展望2026财年全年，惠普预计调整后每股收益为3.19美元至3.29美元，高于分析师平均预期的3.05美元。同样的，这一全年盈利指引也包含关税退款影响。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>对于惠普而言，价格上涨可以在短期内改善收入和利润，但如果销量持续下滑，市场会担心涨价正在透支未来需求。在下一财年指引公布前，投资者对惠普的关注重点将集中在三个方面PC出货量能否企稳、内存成本压力是否缓解，以及关税退款消退后核心盈利能力能否维持。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FH\u002FHPQ\u002FHPQ.jpg","2026-08-27T15:00:19","2026.08.27","2026\u002F08\u002F27",48874,[22],"HPQ","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]