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Lenovo Delivers Strongest Quarter in Group History: Hybrid AI Strategy Powers Growth Momentum

What happened
Based on Lenovo Newsroom · Aug 13, 2026

Lenovo reported record Q1 revenue of US$26.9 billion, up 43% year-on-year, with AI-related revenue reaching US$9.3 billion. Adjusted net income rose 176% to US$1.1 billion, driven by its Hybrid AI strategy and strong performance across all business groups.

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Lenovo Delivers Strongest Quarter in Group History: Hybrid AI Strategy Powers Growth Momentum
Lenovo Newsroom — Lenovo
Key points
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During the quarter, overall Group revenue reached an all-time quarterly high of US$26.9 billion, up 43% year-on-year, with all business groups delivering record first-fiscal-quarter revenue and operating profit.
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AI-related revenue [2] grew 60% year-on-year to US$9.3 billion, accounting for 35% of total Group revenue in Q1.
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The Group continues to invest in innovation with R&D expenses up 30% year-on-year.
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In particular, the record performance of the Infrastructure Solutions Group (ISG) demonstrated its clear role as a key engine of both growth and profitability for Lenovo.
Key numbers
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Lenovo Group Limited announced first-quarter results for fiscal year 2026/27, achieving the highest quarterly revenue in its history at US$26.
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9 billion, a 43% increase from the same period last year.
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All business groups reported record first-quarter revenue and operating profit, while adjusted net income surged 176% to US$1.

Lenovo Group Limited announced first-quarter results for fiscal year 2026/27, achieving the highest quarterly revenue in its history at US$26.9 billion, a 43% increase from the same period last year. All business groups reported record first-quarter revenue and operating profit, while adjusted net income surged 176% to US$1.1 billion, exceeding US$1 billion for the first time. The company attributed the growth to its Hybrid AI strategy, which integrates AI across devices, infrastructure, and services, reinforcing its position in both consumer and enterprise markets.

AI-related revenue grew 60% year-on-year to US$9.3 billion, accounting for 35% of total Group revenue in the quarter. Lenovo’s Infrastructure Solutions Group (ISG) delivered record performance, serving as a key driver of growth and profitability. The company also highlighted its role as FIFA’s Official Technology Partner for the 2026 World Cup, providing AI-powered solutions across 16 cities, 48 teams, and 104 matches to support operations, broadcasts, and fan experiences.

Lenovo’s operational resilience was a competitive advantage during the quarter, enabling it to manage supply constraints and cost pressures effectively. The company leveraged its global supply chain, strong supplier relationships, and end-to-end operating model to turn industry-wide disruptions into opportunities, strengthening its market position. The results underscore Lenovo’s ability to translate its Hybrid AI strategy into tangible business performance.

In a statement, Lenovo emphasized its confidence in driving sustainable long-term growth through its Hybrid AI strategy, operational excellence, and innovation. The company, ranked #153 in the Fortune Global 500 with US$83 billion in revenue, continues to expand its full-stack AI portfolio, including devices, infrastructure, software, and services. Lenovo is listed on the Hong Kong stock exchange under HKSE: 992 (ADR: LNVGY).

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