Lenovo reports record revenue and profit driven by AI growth

Lenovo Group reported record-breaking financial results for its fiscal year and fourth quarter, driven by explosive growth in its artificial intelligence business. The world's largest personal computer maker announced its strongest annual performance in company history, sending its stock price to a multi-decade high on the Hong Kong Stock Exchange.

For the fiscal year ending March 31, the company's total revenue reached $83.1 billion, a 20% increase from the previous year. Adjusted net income grew 42% to $2 billion. The fourth quarter was particularly strong, with revenue hitting a record $21.6 billion, marking the company's fastest year-over-year growth rate in five years. Net profit attributable to shareholders for the quarter surged 479% to $521 million.

A key driver was the performance of AI-related segments, where revenue more than doubled year-over-year for the full year, accounting for approximately one-third of the group's total revenue. In the fourth quarter alone, AI-related revenue grew 84% and represented 38% of all sales.

Chairman and CEO Yang Yuanqing described fiscal 2026 as the best year in Lenovo's history. He expressed confidence that the company is on track to...