Lenovo Delivers Strong Full-Year Performance

Lenovo announced Q4 and full-year results for the fiscal year 2024/25, reporting significant increases in overall group revenue and profit. For the full year, revenue grew 21% year-on-year to $69.1 billion, marking the Group’s second-highest annual revenue in its history. Net income was up 36% year-on-year to $1.4 billion.

The Group’s diversified growth engines continue to accelerate, with non-PC revenue mix up nearly five points year-on-year to 47%. All business groups were healthy and strong and met their strategic intent and financial goals, and all sales geographies gained double-digit revenue growth year-on-year, reflecting the strength of the Group’s diversified businesses and resilient global footprint.

Lenovo continues to prioritize investment in innovation, with R&D expenses up 13% year-on-year to $2.3 billion. Looking ahead, Lenovo remains confident that its focus on innovation and hybrid AI, together with its globally balanced business and a flexible, resilient supply chain, will not only maintain but also enhance its market competitiveness.

“This has been one of our best years yet, even in the face of significant macroeconomic uncertainty. We achieved strong top-line growth with all our business groups and sales geographies growing by double digits, and our bottom line increased even faster. Our strategy to focus on hybrid AI has driven meaningful progress in both personal and enterprise AI, laying a strong foundation for leadership in this AI era. I’m confident that our operational excellence and continued investment in innovation will not only sustain but strengthen our competitiveness,” said Yuanqing Yang, Lenovo Chairman and CEO.