HP (HPQ) at Morgan Stanley Conference, Responding to Challenges

HP Inc. (NYSE:HPQ) is one of the 11 Best Tech Stocks Under $50 to Buy Now. On March 2, HP Inc. (NYSE:HPQ) took part in the Morgan Stanley Technology, Media & Telecom Conference 2026, where CFO Karen Parkhill discussed the company’s strategy and how it is dealing with current challenges.

The company reported a strong Q1 2026, with revenue rising 7% and EPS coming in at the high end of the guidance. However, HP Inc. (NYSE:HPQ) is facing higher memory costs and weaker demand for units. To deal with this, the company is following a mitigation plan that includes securing supply and raising prices.

HP (HPQ) at Morgan Stanley Conference, Responding to Challenges

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Additionally, HP Inc. (NYSE:HPQ) is focusing on long-term growth by investing in AI PCs, secure printers, and subscriptions. AI PCs made up 35% of shipments in the latest quarter, up from 30% and 25% in the previous quarters. This shows steady growth in this segment.

CFO Karen Parkhill also pointed out that the company’s AI-enabled cost savings program aims to deliver $1 billion in savings by fiscal year 2028, with $300 million expected in fiscal year 2026.

At the same time, Parkhill confirmed that HP Inc. (NYSE:HPQ) is currently searching for a new CEO and is looking for someone with experience in large, global, multi-segment businesses. Parkhill also noted that HP Inc. (NYSE:HPQ) has returned roughly $19 billion to shareholders over the past five years and is focused on delivering free cash flow and returning all of it to shareholders.

HP Inc. (NYSE:HPQ) is an American multinational technology company that is known for its AI-powered devices, software, subscriptions, and services that serve professionals and businesses.

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