Lenovo Group rose nearly 18% in the afternoon, and financial reports revealed that revenue for the first fiscal quarter was higher than market expectations

Comparing news, the first-fiscal quarter results disclosed by Lenovo Group showed that revenue for the first fiscal quarter increased 43% year over year to US$26.94 billion, higher than market expectations of US$22.33 billion; adjusted net profit increased 176% year over year to US$1,075 million. Among them, AI-related revenue already accounts for 35% of Lenovo's total revenue. Driven by demand for AI servers and the growth of Agentic AI applications, its infrastructure solutions business nearly doubled its revenue and reached $777 million in operating profit.

At the same time, Lenovo's smart device business revenue increased 27%; despite a 4.9% year-on-year decline in global PC shipments, Lenovo remained number one in the global PC market with a 24.2% market share. (Wall Street Journal)

According to market data, Lenovo Group rose nearly 18% in the afternoon.