HP reckons memory chip crunch will linger next year, warns of PC sales slump

HP Inc warned that it expected volatility in memory chips to persist even into next year and forecast a slump in its PC shipments, sending its shares down around 6 per cent in extended trading.

The personal devices maker said it expects adjusted profit for fiscal 2026 ending October 31 to be at the low end of its previously issued forecast of $2.90 to $3.20 per share. It anticipates PC unit shipments to decline in the double digits, in line with industry trends.

HP, like its rivals such as Dell (DELL.N)...