HP beats third-quarter revenue estimates on AI PC adoption, Windows 11 upgrade

HP Inc beat Wall Street estimates for third-quarter revenue on Wednesday, driven by growing demand for artificial intelligence-powered personal computers and Windows 11 upgrade cycle. Shares of the company rose 4.6% in extended trading. A strong PC refresh cycle is expected after Microsoft ends support for Windows 10 in October, as users and organizations seek to maintain security and access to the latest features.