Q1 2026/27 Key Achievements and Milestones (Infographic)
Lenovo reported record Q1 2026/27 revenue of $26.9 billion, a 43% year-on-year increase, with adjusted net income rising 176% to $1.1 billion. AI-related revenue grew 60% to $9.3 billion, now comprising 35% of total revenue.
Lenovo announced its highest-ever quarterly revenue of $26.9 billion for Q1 2026/27, marking a 43% increase compared to the same period last year. This growth represents the strongest quarterly performance in the company’s history, surpassing all previous records. All business groups within Lenovo contributed to this milestone, achieving record revenue and operating profit for the first fiscal quarter.
Adjusted net income for the quarter reached $1.1 billion, a 176% year-on-year rise and the first time the company exceeded the $1 billion threshold. The improvement was driven by higher revenue scale and ongoing efficiency gains, which contributed to nearly a two percentage point increase in adjusted net margins.
AI-related revenue grew by 60% year-on-year, totaling $9.3 billion and accounting for 35% of the company’s total revenue for the quarter. This category includes AI-equipped devices such as PCs and smartphones with NPUs, AI servers including GPU servers, and AI services that support customers in building, scaling, and managing AI solutions.
Lenovo continued to prioritize innovation, with research and development expenses increasing by 30% compared to the previous year. The company emphasized sustained investment in technology advancements to support future growth and maintain its competitive position in the market.