In an illustration of the severity of the current memory shortage, HP Inc. CFO Karen Parkhill said that RAM has gone from accounting for “roughly 15 percent to 18 percent” of HP PCs’ bill of materials in its fiscal Q4 2025 to “roughly 35 percent” for the rest of the year.
Parkhill was speaking during HP’s Q1 2026 earnings call, where the company said it expects the total addressable market for its Personal Systems business to decline by double digits this calendar year, as higher prices hurt customer demand.
“We have seen memory costs increase roughly 100 percent sequentially, and we do forecast that to further increase as we move into the fiscal year,” Parkhill said, per a transcript of the call by Seeking Alpha.