HP Inc. reported fiscal third-quarter revenue of $13.93 billion, a 3.1 percent year-on-year increase that topped analysts’ $13.70 billion estimate, as demand for artificial-intelligence-ready personal computers and a Windows 11 upgrade cycle lifted sales. Adjusted earnings matched expectations at $0.75 a share, while GAAP earnings rose 23 percent to $0.80. Free cash flow reached $1.5 billion, comfortably ahead of the $1.22 billion consensus. The Personal Systems division, which houses HP’s PC business, grew 6 percent to $9.93 billion, offsetting a 4 percent decline in printing revenue to roughly $4 billion. Looking ahead, the company projected fourth-quarter adjusted earnings of $0.87 to $0.97 a share, bracketing the $0.92 Wall Street forecast, and maintained guidance for full-year free cash flow of $2.6 billion to $3.0 billion. Management said it expects mid-single-digit growth in the global PC market through fiscal 2026, fueled by AI adoption and corporate hardware refreshes. HP noted that higher trade-related costs tied to the 145 percent U.S. tariff on Chinese goods continue to pressure margins. To mitigate the impact, the company has relocated most North America-bound production to Southeast Asia, Mexico and select U.S. sites and has raised some prices. Shares gained about 4–6 percent in late trading following the results and outlook.