• In late June 2026, HP Inc. announced a partnership with OpenAI to deploy the Frontier platform across its global operations, aiming to enhance customer experiences, employee productivity, and device management through AI-driven solutions integrated with its Workforce Experience Platform.
• A particularly important element is HP’s plan to pair OpenAI’s agentic AI capabilities with dedicated AI-optimized devices and its WXP telemetry layer, potentially reshaping how its PCs, printers, and services work together in everyday business workflows.
• Next, we’ll examine how HP’s adoption of OpenAI’s Frontier platform across customer, partner, and internal workflows could influence its investment narrative.

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HP Investment Narrative Recap

To own HP, you need to believe the company can offset structural pressures in print and traditional PCs by building a higher value, AI centered device and services ecosystem. The OpenAI Frontier deal reinforces HP’s AI PC and “Future of Work” story, but it does not remove the short term risk that weak print demand and intense pricing pressure could keep a lid on revenue growth and margins.

Among recent developments, HP’s Q2 2026 results and full year EPS guidance frame how much room the company has to invest behind initiatives like Frontier while still supporting shareholder returns. With FY 2026 GAAP EPS guided to US$2.15 to US$2.45 and ongoing buybacks, investors will be watching whether AI fueled offerings actually show up in segment results before the Windows 11 refresh tailwind fades.

Yet against this backdrop, investors should be aware that one of the biggest risks may be that...

HP's narrative projects $58.3 billion revenue and $2.7 billion earnings by 2029. This assumes relatively flat yearly revenue growth and an earnings increase of about $0.1 billion from $2.6 billion today.

Uncover how HP's forecasts yield a $22.91 fair value, a 4% downside to its current price.

Exploring Other Perspectives

Some of the most optimistic analysts were already assuming HP could lift earnings to about US$3.2 billion by 2029, so this Frontier news may either reinforce those hopes or highlight how much still has to go right.

Explore 7 other fair value estimates on HP - why the stock might be worth 24% less than the current price!

Reach Your Own Conclusion

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your HP research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.
• Our free HP research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate HP's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.