Lenovo's revenue for the first fiscal quarter reached 26.9 billion USD, a year-on-year increase of 43%, setting a new record, with adjusted net profit of 1.075 billion USD, a year-on-year increase of 176%

Lenovo Group released its Q1 financial report for the fiscal year 2026/27, with revenue of $26.9 billion, a year-on-year increase of 43%, setting a new record for a single quarter; gross margin at 16.5%, up 1.8 percentage points year-on-year; loss attributable to equity holders of $609 million, primarily due to a non-cash fair value loss from the revaluation of $1.7 billion in warrants. Adjusted profit attributable to equity holders was $1.075 billion, a year-on-year increase of 176%, surpassing the $1 billion mark for the first time; adjusted diluted earnings per share were 7.39 cents, a year-on-year increase of 176%.

All three business groups achieved record revenue in the first fiscal quarter. The Intelligent Devices Group reported revenue of $17.1 billion, a year-on-year increase of 27%, with a global PC market share of 24.2% and an AI PC market share of 25.1%; smartphone revenue also reached a record high in the first fiscal quarter. The Infrastructure Solutions Group reported revenue of $8.5 billion, a year-on-year increase of 98%, with an operating profit margin rising to 9.1%, and AI server order backlog reaching $54 billion, a quarter-on-quarter increase of 157%. The Solutions and Services Group reported revenue of $2.9 billion, a year-on-year increase of 28%, with an operating profit margin of 24.2%.

AI-related revenue grew by 60% year-on-year, accounting for 35% of total revenue. As the official technology partner of the FIFA World Cup, the group deployed AI technology and over 25,000 devices for all 104 matches. Regionally, revenue in the Americas grew by 58% year-on-year, the Central and Eastern European market grew by 53%, and China grew by 25%. The group ranked in the top five in Gartner's global supply chain rankings and rose to 153rd place in the Fortune Global 500 rankings.