Lenovo Reports Record Q1 Results with AI Server Business Surging
Lenovo Group reported record Q1 FY2026/27 results with revenue of RMB 183.4 billion, up 43% year-over-year, and adjusted net profit exceeding $1 billion for the first time. AI-related revenue grew 60% to RMB 63.4 billion, driven by booming AI server business.
Lenovo Group announced its Q1 FY2026/27 financial results for the period ending June 30, 2026, with revenue of RMB 183.4 billion, a 43% year-over-year increase, and adjusted net profit surpassing $1 billion for the first time, up 176%. The company's three main business segments all achieved double-digit growth, with ISG Infrastructure Solutions revenue nearly doubling to RMB 57.9 billion and operating margin reaching 9.1%. AI-related revenue reached RMB 63.4 billion, up 60%, contributing about 35% of total revenue. Lenovo highlighted its role as the official technology partner for the 2026 FIFA World Cup, using AI to support 104 matches across 16 cities. The company continues to invest heavily in R&D, with spending up 30% year-over-year, and is advancing its hybrid AI strategy with products like Tianxi 4.0 and the Qira AI assistant.
- Abbreviations
- IDG = Intelligent Devices Group — Группа интеллектуальных устройств
- ISG = Infrastructure Solutions Group — Группа инфраструктурных решений
- SSG = Solutions and Services Group — Группа решений и услуг
- PC = Personal Computer — Персональный компьютер
- FIFA = Fédération Internationale de Football Association — Международная федерация футбола
Source: QbitAI 量子位 —
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