Lenovo Q4 revenue tops estimates on strong PC sales, shares jump 15%

Lenovo reported Q4 revenue of $21.6bn, up 27% year-on-year and about $2.2bn above consensus, with shares rising roughly 15% in Hong Kong. Net profit attributable to shareholders increased 479% to $521m, nearly double analyst expectations. The Intelligent Devices Group drove results with 26% higher PC and smart-device revenue and 9% higher shipments to 16.5 million units, supporting a 26% global market share, the highest in five years. AI-related revenue grew 84% in the quarter and represented 38% of group revenue. The Infrastructure Solutions Group posted strong growth, with a $15.5bn order pipeline, competing in AI servers where Nvidia GPU allocation is the main constraint. Full-year revenue reached $83.1bn, adjusted net income rose 42% to $2.0bn, and annual revenue guidance was met.

"Lenovo posted Q4 revenue of $21.6bn, up 27% year-on-year and roughly $2.2bn ahead of consensus, sending shares up about 15% on Friday in Hong Kong. Net profit attributable to shareholders jumped 479% to $521m, almost double the $271m analysts had penciled in, according to data compiled by CNBC."

"The PC business, long the spine of the company, did most of the work. Lenovo's Intelligent Devices Group reported a 26% rise in PC and smart-device revenue, with shipments up 9% to 16.5 million units. That gave Lenovo a 26% global market share for the quarter, a five-year high."

"The AI business is the part of the print that markets reacted to. AI-related revenue grew 84% in the fourth quarter and accounted for 38% of group revenue, according to CNBC. Lenovo's Infrastructure Solutions Group, which sells the server hardware that underpins large enterprise and cloud AI deployments, has been the company's fastest-growing segment for several quarters, with a reported $15.5bn order pipeline."

"Chairman and chief executive Yang Yuanqing called fiscal 2026 the best year in Lenovo's history. Full-year revenue came in at $83.1bn, with adjusted net income up 42% to $2.0bn, according to coverage from 36Kr. Earlier in the year, Yang flagged that annual revenue could reach roughly 560 billion yuan, a forecast the company has now met."

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