I won't go into details, but for me, the problem 100% was the cable.
Everything was working perfectly on Friday night.
I updated to MacOS26 over the weekend (went smooth).
This morning at the office, I plugged in all three HP 27er external monitors and one kept throwing an "Input signal out of range" error.
I factory reset that monitor.
I tested the "bad" & "good" cables in numerous scenarios. The error message always came back to one specific cable that was causing the issue.
Installing a new cable brought all 3 monitors back to life.
It had to be this one HDMI to USB-C cable. The odd thing is, a twin cable to this one still works perfectly. Go figure.

Thanks to everyone for your posts, very helpful.
[Edited by Moderator]