SGLENOV@EC2603A

Morgan Stanley Releases Q3 CY2026 Performance Report for Lenovo Group

UOB Kay Hian Raises Lenovo's FY2026-2028 Adjusted Net Profit Forecast

JPMorgan Downgrades Lenovo's FY2027 Earnings Forecast

Yang Yuanqing Warns of Ongoing Memory Shortage for the Whole Year

Lenovo Announces Capital Expenditure Peak for Current Fiscal Year

Lenovo CFO: Future Spending to Align with Customer Demand

Lenovo CEO Comments on Healthy Future Memory Inventory Levels

Lenovo CEO expects infrastructure business to be profitable in Q4

Lenovo CEO Sees Opportunities in Memory Supply Shortage

Lenovo 转向人工智能推理市场

Lenovo Group's Q3 AI Revenue Grew by 72%

Lenovo Group reports Q3 revenue of $22.2 billion

Rising Memory Prices Lead to Projected Decline in Q1 2026 Notebook Shipments

Morgan Stanley Sees Better-than-Expected Lenovo Group Earnings

JPMorgan Cuts Long Position in Lenovo Group

Lenovo Group to release FY2026 Q3 earnings on February 12 Pre-Market (BJT), forecast revenue HKD 160.97 B, EPS HKD 0.2595

Lenovo Collaborates with Huddly to Launch ThinkSmart-Huddly Suite

Yang Yuanqing: Hybrid AI Aids Industrialization

Lenovo Launches AI-Driven Solutions for 2026 FIFA World Cup

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ALLEGRO CULTURE

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LNVGY

Lenovo's CEO, Yang Yuanqing, stated that rising component costs due to surging memory prices will test companies' supply chain capabilities, which are becoming crucial for economic advantage. Lenovo's scale, diversified supply system, and strong supplier relationships provide it with a competitive edge. The company has seen significant growth in AI-related revenue, which now constitutes 32% of its total income, with net profit rising 36% to CNY4.1 billion. Yang emphasized the importance of AI in driving future market demand for smart terminals and infrastructure.

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ChinaAMC Guozheng Semiconductor Chip ETF

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LENOVO GROUP

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

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Lenovo Group

Rising Component Costs Due to Surging Memory Prices to Test Firms' Supply Chain Capabilities, Lenovo CEO Says

Morgan Stanley pointed out that Lenovo Group's adjusted net profit for the third quarter of fiscal year 2026 is expected to be USD 589 million, higher than expected. Management expects PC sales to decline in the low single digits year-on-year, while smartphone sales are expected to decline in the high single digits. Despite the company's measures to protect profit margins, it still faces rising cost pressures. Morgan Stanley maintains Lenovo's "in line with the market" rating, with a target price of HKD 9.8

AASTOCKS

Morgan Stanley: Lenovo's sales decline guidance is overly conservative, maintaining "In line with the market" rating

JP Morgan's report pointed out that Lenovo Group's performance in the third quarter of the fiscal year 2026 exceeded expectations, driven by strong profitability in the smart device business. However, the infrastructure solutions business still recorded losses and faced cost pressures. Although it is expected that cost savings can be achieved in the next three years, revenue growth for IDG in the fiscal year 2027 will slow down. Morgan Stanley lowered its earnings forecast for the fiscal year 2027 by 5%, maintaining the target price at 9.5 yuan and the "Neutral" rating unchanged

"Big Banks" JP Morgan: Lenovo Group's quarterly performance expectations are good, but cost pressures are rising. Rating "Neutral"

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Daiwa Capital Markets has slightly raised the target price for Lenovo Group to HKD 9.85, maintaining a "Hold" rating. The third fiscal quarter performance was robust, benefiting from revenue growth across various business segments and resilient operating profit margins. Despite the pressure from rising memory and chip costs, the company has responded by increasing prices, improving product mix, and managing inventory. Adjusted net profit forecasts for the fiscal years 2026 to 2028 have been raised by 5.7%, 9.7%, and 4.3%, respectively

Fullgoal CSI Communication Equipment Thematic ETF

Guotai CSI All Share Communications Equipment ETF

Daiwa Securities slightly raised Lenovo Group's target price to 9.85 yuan, with stable performance in the third fiscal quarter

Citi released a research report stating that Lenovo Group's Q3 performance for the fiscal year 2026 exceeded market expectations, benefiting from strong personal computer business and a 7.3% operating profit margin. It is expected that the smart devices business will achieve positive growth, and the infrastructure solutions business will turn profitable in Q4 of the fiscal year 2026. Citi raised its net profit forecast for the non-Hong Kong Financial Reporting Standards from 2026 to 2028 and lowered the target price-to-earnings ratio from 11 times to 10 times, with a slight increase in the target price to HKD 10.4, maintaining an "outperform" rating

In "The Big Banks," Citigroup: Lenovo's quarterly results exceeded expectations, maintaining an "Outperform" rating

RSPT

Lenovo Group Ltd. (OTCMKTS:LNVGY) experienced a significant increase in short interest, rising by 178.3% in January, totaling 100,506 shares as of January 30th. The short-interest ratio is currently 0.5 days, with 0.0% of shares short sold. Analysts have mixed views, with Zacks upgrading the stock to a "hold" and JPMorgan downgrading it to "neutral." Lenovo's recent earnings report showed $0.75 EPS, exceeding estimates, and revenue of $20.45 billion. The stock is currently trading at $23.04, with a market cap of $14.85 billion.

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Short Interest in Lenovo Group Ltd. (OTCMKTS:LNVGY) Increases By 178.3%

SOXX

Exploding memory prices are driving corporate buyers to expedite PC purchases, with DRAM and NAND prices soaring 80-90% since late 2025. Lenovo reported a 14% revenue increase in its Intelligent Devices Group, with PC revenues up 18%. The memory supply shortage is deemed unprecedented, with forecasts of continued price hikes. CDW anticipates strong hardware growth as buyers rush to avoid higher costs. Analysts predict a potential 10-15% decline in PC shipments due to rising prices, indicating a shift towards premium devices despite lower volumes.

The Register

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Memory price explosion triggers PC buying spree

Lenovo Group, the largest PC maker, reported a 21% profit drop due to a global memory crunch, warning of its prolonged impact. Despite an 18% revenue increase to $22.2 billion, high memory costs affected profits, with net income at $546 million. Lenovo's shift to AI-powered devices, which saw a 72% revenue growth, is expected to drive future growth. The company's shares fell 4.5% following the earnings report. Lenovo maintains a 26% share of the global PC market, leveraging its scale to secure components amid supply challenges.

南华早报

China’s Lenovo warns of ‘prolonged’ memory crunch, looks to AI for rebound

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Shares of Dell Technologiesdown 2.6% at $120.97, while those of HP Incfall 2.7% to $19.22 premarket China’s Lenovo Groupwarns about mounting pressure on PC shipments as a worsening memory-chip shortage grips the industry “We expect PC unit sales to face pressure, but believe we can still grow revenue and maintain profitability” - CEO Yang Yuanqing tell ReutersLenovo reports a 21% drop in third-quarter profitIn 2025, DELL rose ~9%, while HPQ fell ~32%

Reuters

Direxion Semicon Bull 3X

Invesco PHLX Semiconductor ETF

GraniteShares 2x Long DELL Daily ETF

First Trust Nasdaq Food & Semicon

Dell Tech

BUZZ-Lenovo's memory shortage warning weighs on Dell, HP

Zheng Xiaoming, Senior Vice President and Chief Financial Officer of Lenovo Group, stated that the company is confident in ensuring memory supply and believes that small computer manufacturers will be more affected by the shortage. The impact of U.S. tariffs has eased, and the global supply chain has adjusted. In the third fiscal quarter, AI-related revenue grew by 72%, accounting for 32% of total revenue. Zheng Xiaoming believes that the ISG business has significant growth potential in the future, expecting to save over $200 million in net costs in the coming years. The gross margin of AI personal computers is higher than that of general personal computers, while the gross margin of AI servers is lower than that of general servers, but it is expected to grow to similar levels in the future

Lenovo: Confident in ensuring memory supply, significant growth potential for ISG business

On February 12th, LENOVO GROUP disclosed its third-quarter results, showing that for the three months ending December 31, 2025, revenue was USD 22.2 billion, …

- Lenovo Group reported a revenue of $22.2 billion for Q3 ending December 31, 2025, a year-on-year growth of 18%, but net profit dropped over 20% to $546 million.  
- The smart devices segment experienced a 14% revenue increase, while AI-related income surged 72%, accounting for 32% of total revenue.  
- However, rising costs, particularly in storage components, pose challenges, prompting Lenovo's CEO to highlight the company's competitive position in supply chain management and pricing.

Wallstreetcn

Lenovo aims to use "scale advantages" to combat the rising tide of storage prices

Singapore Telecommunications Limited reported earnings results for the third quarter and nine months ended December 31, 2025. For the third quarter, the company reported sales was SGD 3,663 million compared to SGD 3,629 million a year ago. Net income was SGD 1,891 million compared to SGD 1,319 million a year ago. For the nine months, sales was SGD 10,573 million compared to SGD 10,621 million a year ago. Net income was SGD 5,295 million compared to SGD 2,550 million a year ago.

marketscreener

SingTel

Singapore Telecommunications Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025

Nvidia’s new N1 and N1X chips will soon be out in consumer laptops from Dell and Lenovo, media report, noting the Arm-based chips with integrated Nvidia RTX-series (Blackwell) GPUs are made for Windows-on-Arm laptops. The chips are co-developed with Taiwan’s MediaTek and built using TSMC’s 3nm process. $NVIDIA(NVDA.US) $Microsoft(MSFT.US) $Arm(ARM.US) $Dell Tech(DELL.US) $Lenovo Group(LNVGY.US) #mediatek #lenovoSource: Dan Nystedt

MediaTek

LENOVO GROUP-R

NVIDIA

PC giants Lenovo, Dell and HP all warned the AI boom is using up memory chips, leading to tight global supplies next year, media report, citing Lenovo’s CFO saying the cost surge is “unprecedented” and confirming Lenovo is stockpiling memory chips, while Dell’s COO said he’s never seen memory costs “escalate at this pace” and HP’s CEO said the 2nd half of next year will be “particularly challenging” and HP will raise PC prices if necessary. The three PC giants all held quarterly earnings conferences recently. $Lenovo Group(LNVGY.US) $Dell Tech(DELL.US) $HP(HPQ.US) $HXSCL $SSNLF $Micron Tech(MU.US) #SKhynix #Samsung #SemiconductorsSource: Dan Nystedt

Today’s Key News Recap

1017 | Dolphin Research Focus: 🐬 Macro/Industry 1. Shares of two U.S. regional banks plummeted due to loan fraud and bad debt issues, with the regional bank index posting its worst performance since April. Risk aversion sentiment pushed up U.S. Treasury and gold prices. The event highlights potential risks in the credit market, and concerns about 'more risk points' will suppress sentiment in financial stocks, while reinforcing expectations for the Federal Reserve to maintain an accommodative stance. 🐬 Individual Stocks 1. $Micron Tech(MU.US) Micron Technology's U.S. stock fell in after-hours trading. According to reports, Micron will stop selling server chips to Chinese data centers...

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SCHWAB(CHARLES)CORP 5.95% DEP SHS REP 1/40 NON CUM PERP PF D

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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SCHWAB(CHARLES)CORP 4.450% DEP SHS REP 1/40TH N-CUM PFD SERJ

Micron to Stop Selling Server Chips to Chinese Data Centers; Meta Plans to Raise $30 Billion to Build Data Centers | Today's Important News Recap

$XTALPI(02228.HK) The data is as boring as the order book. But the intraday rebounds for two consecutive days still make &#34;Lenovo&#34; start to flutter. Just wait and see.

XTALPI

SGLENOV@EC2603A(19438.HK)

Rising Component Costs Due to Surging Memory Prices to Test Firms' Supply Chain Capabilities, Lenovo CEO Says

Morgan Stanley: Lenovo's sales decline guidance is overly conservative, maintaining "In line with the market" rating

"Big Banks" JP Morgan: Lenovo Group's quarterly performance expectations are good, but cost pressures are rising. Rating "Neutral"

Daiwa Securities slightly raised Lenovo Group's target price to 9.85 yuan, with stable performance in the third fiscal quarter

In "The Big Banks," Citigroup: Lenovo's quarterly results exceeded expectations, maintaining an "Outperform" rating