By Elias Schisgall

HP Inc. reaffirmed its first-quarter and full-year outlook as President and Chief Executive Enrique Lores stepped down.

The technology company said Tuesday that it continues to project a first-quarter profit of between 58 cents a share and 66 cents a share. Stripping out certain one-time items, it expects adjusted earnings of between 73 cents and 81 cents a share.

For the full year, the company is expecting a profit of between $2.47 and $2.77 a share. On an adjusted basis, it is projecting between $2.90 and $3.20 a share.

The company also backed its outlook of free cash flow between $2.8 billion and $3 billion in fiscal 2026. Both the first-quarter and full-year guidance were initially issued in November.

The reaffirmation comes as Lores steps down to become chief executive of PayPal. The company appointed board member Bruce Broussard interim CEO and has formed a search committee to identify a permanent successor.

The company will release its full first-quarter results on Feb. 24 after the market closes, it said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 03, 2026 07:31 ET (12:31 GMT)

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