Lenovo Group shares rose nearly 18% in afternoon trading after the company reported first-quarter results that came in above market expectations. According to the figures cited by Odaily and sourced to The Wall Street Journal, first-quarter revenue climbed 43% year over year to $26.94 billion, ahead of the market forecast of $22.33 billion. Adjusted net profit increased 176% from a year earlier to $1.075 billion.
The company said AI-related revenue accounted for 35% of its total revenue during the quarter. Growth in demand for AI servers and Agentic AI applications helped drive near-doubling revenue in Lenovo’s Infrastructure Solutions business, which posted operating profit of $777 million.
Lenovo’s smart devices business also recorded 27% revenue growth. Despite a 4.9% year-over-year decline in global PC shipments, Lenovo retained the top position in the global PC market with a 24.2% share. Market data showed the stock surged nearly 18% in afternoon trading following the earnings release.
Lenovo Group shares climbed nearly 18% in afternoon trading after the company posted first-quarter results above market expectations.
According to Odaily, citing The Wall Street Journal, Lenovo reported first-quarter revenue of $26.94 billion, up 43% from a year earlier and above the market forecast of $22.33 billion. Adjusted net profit rose 176% year over year to $1.075 billion.
The earnings figures also showed that AI-related revenue made up 35% of Lenovo’s total revenue. Demand for AI servers and growth in Agentic AI applications pushed revenue in its Infrastructure Solutions business to nearly double, while operating profit for that segment reached $777 million.
At the same time, Lenovo’s smart devices business posted 27% revenue growth. Despite a 4.9% year-over-year drop in global PC shipments, Lenovo kept its lead in the global PC market with a 24.2% market share.
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