Lenovo Group surges nearly 18% in afternoon trading as earnings show first-quarter revenue beat market expectations

Odaily News: Lenovo Group's first-quarter earnings report shows revenue rose 43% year-over-year to $26.94 billion, beating the market expectation of $22.33 billion; adjusted net profit surged 176% year-over-year to $1.075 billion. AI-related revenue now accounts for 35% of Lenovo's total revenue. Driven by AI server demand and growth in Agentic AI applications, its Infrastructure Solutions business revenue nearly doubled, with operating profit reaching $777 million.

Meanwhile, Lenovo's Intelligent Devices Group revenue grew 27%; despite a 4.9% year-over-year decline in global PC shipments, Lenovo maintained its position as the world's No. 1 PC maker with a 24.2% market share. (The Wall Street Journal)

Market data shows Lenovo Group surged nearly 18% in afternoon trading.