Lenovo Maintains Revenue Momentum, Profit Tops Estimates
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Lenovo Group reported a third-quarter revenue of $22.20 billion, an 18% increase year-over-year, driven by strong device sales and AI server revenue. Net profit fell 21% to $546 million, surpassing analyst expectations. The adjusted net profit rose 36%. The digital infrastructure segment, including AI servers, saw a 31% revenue increase, with expectations of returning to profitability next fiscal year. Despite challenges from rising memory chip prices, Lenovo maintained its revenue momentum, benefiting from preemptive demand in the consumer electronics market.
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