Lenovo Reported Strong Q1 Results for the FY 2025/26

Lenovo Group reported significant growth in overall group revenue and profit in the first quarter of the fiscal year 2025/26. Revenue grew 22% year-on-year to $18.8 billion, with net income up 108% year-on-year to $505 million.

All main business groups saw solid double-digit year-on-year revenue growth, with the PC business reporting particularly strong numbers following the highest revenue growth rate in 15 consecutive quarters and an all-time high market share of 24.6%. The Group’s diversified growth engines continue to grow, with non-PC revenue mix up nearly half a point year-on-year to 47%. All sales geographies delivered high to relatively high growth. The strong results reinforce Lenovo’s ability and commitment to preserve competitiveness, maintain market share, and sustain profitability against the challenging external environment.

Three main strategic factors drove the results, Lenovo stated. First, the Group’s firm execution of its hybrid AI vision sees it capitalizing on unprecedented AI opportunities. Second, a commitment to continuous investment in innovation, which saw R&D spending increase over 10%, supporting the progress towards long-term goals of building personal and enterprise AI twins. And third, its operational excellence, including a unique ODM+ manufacturing model, a balanced global sales footprint, and a ‘Global/Local’ model that combines global sourcing and resources with local delivery. Looking ahead, Lenovo remains committed to delivering more breakthrough innovations for customers, generating higher returns for its shareholders, and creating lasting value.

“By leveraging the resilience and flexibility of our supply chain and operational excellence, we overcame challenges brought by tariff volatility and the geopolitical landscape and achieved significant growth in both top and bottom lines,“ said Lenovo Chairman and CEO Yuanqing Yang. “These record Q1 results underscore our ability to deliver on our promise to preserve competitiveness and continuously grow our business. Looking ahead, we will continue to firmly execute our hybrid AI strategy towards the vision of Smarter AI for all, relentlessly drive innovation in personal AI and enterprise AI products and solutions, and consistently strengthen our operational competitiveness so that we can realize sustainable growth and profitability improvement.”