Lenovo Group: Q1 Financial Results 2026/27
Lenovo delivers strongest quarter in Group history: Hybrid AI strategy powers growth momentum HONG KONG — Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries (‘the Group’), today reported first quarter results for fiscal year 2026/27, marking the highest quarterly revenue growth in the past five years and the strongest quarter in the […]
HONG KONG - Lenovo Group Limited (HKSE: 992) (ADR: LNVGY) reported its strongest quarter in history during the first fiscal quarter of 2026/27, marking the highest quarterly revenue growth in the past five years. The Group's overall revenue surged to an all-time quarterly high of US$26.9 billion, marking a 43% increase year-on-year.
Notably, every business group within the company achieved record revenue and operating profit for the first time in the fiscal year. Adjusted net income reached US$1.1 billion, a 176% year-on-year increase, surpassing the US$1 billion milestone for the first time. This impressive growth was driven by a 60% year-on-year increase in AI-related revenue to US$9.3 billion, accounting for 35% of the Group's total revenue in Q1. The company continues to invest in innovation, with R&D expenses rising 30% year-on-year.
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