HSLENOV@EC2606B

Lenovo Expands Global R&D Layout, Establishes Multiple AI Innovation Centers

Goldman Sachs Raises Lenovo Group Target Price to HKD12.53

CLSA Raises Forecast and Target Price for Lenovo Group

CICC Reiterates Buy Rating on Lenovo Group with Target Price at HKD14.80

CGS International and Jim Hin Kwong Au Reiterate Buy Rating on Lenovo Group, UOB Kay Hian Maintains Hold Rating

BOA Securities upgrades Lenovo 2026 fiscal year earnings forecast but downgrades 2027-28 fiscal year forecasts

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

Lenovo Group released FY2026 Q3 earnings on February 12 Pre-Market (BJT), actual revenue HKD 172.74 B (forecast HKD 160.6 B), actual EPS HKD 0.3031 (forecast HKD 0.2589)

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LNVGY

The Verge discusses the potential of foldable phones evolving into laptops, addressing the long-standing desire for phones to serve as laptops. With foldable technology, users can now have larger screens and improved usability, making it feasible to perform laptop-like tasks on a phone. This innovation could change how we view mobile computing.

- The evolution of phones has sparked interest in merging their functionality with laptops.  
- Foldable phones have addressed limitations like screen size and keyboard accessibility.  
- This innovation opens new possibilities for mobile computing.

The Verge

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Your next laptop could be a foldable phone

A US law firm has filed a class action lawsuit against Lenovo, accusing the company of violating DOJ regulations by transferring bulk data to China. The suit claims Lenovo's website uses trackers that expose American behavioral data to foreign adversaries, allowing for potential profiling and targeting of sensitive individuals. Lenovo denies the allegations, asserting compliance with data protection laws. The lawsuit seeks class action status and damages for unauthorized disclosure of personal information.

The Register

US lawyers fire up privacy class action accusing Lenovo of bulk data transfers to China

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CICC released a research report stating that Lenovo Group's performance in the third quarter of fiscal year 2026 exceeded expectations, with revenue of USD 22.204 billion, a year-on-year increase of 18%; the net profit under non-Hong Kong Financial Reporting Standards was USD 589 million, a year-on-year increase of 36%. The net profit attributable to shareholders was USD 546 million, a year-on-year decrease of 21%. AI-related business grew by 72%, becoming the main growth driver. Based on the increase in PC market share and cost control, the bank raised its net profit forecast for fiscal year 2026 by 6.5% to USD 1.801 billion, maintaining an "outperform industry" rating and a target price of HKD 14.8

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In "Major Banks," China International Capital Corporation: Lenovo's third-quarter performance exceeded expectations, raising the annual net profit forecast

HSBC Research has lowered Lenovo's target price to HKD 11.5, maintaining a "Buy" rating. The report indicates that Lenovo's operating profit margin for the third quarter of fiscal year 2026 exceeded market expectations, with operating profit reaching USD 903 million, surpassing the bank's and market expectations by 19% and 8%, respectively. Although a decline in personal computer shipments is anticipated, revenue remains resilient due to an increase in market share. The operating profit margin for fiscal year 2027 is expected to be 3.4%

HSBC Research lowers Lenovo's target price to 11.5 yuan, maintains "Buy" rating

Guotai Haitong has maintained a Buy rating on Lenovo Group (LNVGF) with a price target of HK$13.30. Additionally, DBS's Jim Hin Kwong Au also issued a Buy rating on February 13. Conversely, UOB Kay Hian has a Hold rating on the company.

Tip Ranks

Lenovo Group (LNVGF) Receives a Buy from Guotai Haitong

J.P. Morgan analyst Albert Hung has maintained a Hold rating on Lenovo Group (LNVGF) with a price target of HK$9.50. This follows a similar Hold rating from UOB Kay Hian's Johnny Yum. Conversely, DBS has issued a Buy rating for Lenovo Group on the same day. Hung is ranked #2315 out of 12061 analysts according to TipRanks.

J.P. Morgan Remains a Hold on Lenovo Group (LNVGF)

Exploding memory prices are prompting corporate buyers to accelerate 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 expected to have a prolonged impact, leading to higher prices and potentially lower shipment volumes. Analysts predict a 10-15% decline in PC shipments if costs are fully passed to consumers, while average selling prices for PCs are expected to rise significantly due to the anticipated memory shortage.

- The rising prices of DRAM and NAND, up 80 to 90 percent since late 2025, are pushing corporate buyers to expedite PC purchases to avoid further increases.  
- Lenovo's revenue in its Intelligent Devices Group grew by 14 percent yearly, attributing part of this to heightened demand before anticipated price hikes, with expectations of prolonged high prices impacting the market significantly.  
- Analysts predict a possible 10 to 15 percent decline in PC shipments as consumers adjust to higher costs, while overall revenue may rise due to an uptick in premium device sales driven by AI investments.

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Memory price explosion triggers PC buying spree

Lenovo reported a 21% profit decline in its latest fiscal quarter, taking a $285 million restructuring charge due to a shift in the AI computing market. The company's gross margin fell as it struggled with rising memory prices. The restructuring reflects Lenovo's slow adaptation to the democratization of AI, moving from AI training in cloud facilities to on-premises AI inferencing. Despite a 31% revenue increase in its infrastructure unit, it reported an operating loss of $11 million. Lenovo's stock fell 4.6% following the report, highlighting investor concerns about its transition to an AI-focused business.

benzinga_article

Lenovo Caught Napping By 'Democratization Of AI'

Lenovo Group (SEHK:992) reported Q3 2026 revenue of US$22.2 billion and net income of US$545.5 million, with EPS at US$0.044. Despite a quarterly revenue increase, net margin fell to 1.9% from 2.3% a year earlier. Analysts predict earnings growth of 9.8% annually, but recent trends show a decline in earnings. The stock trades at HK$9.26 with a P/E of 9.9x, significantly lower than peers, raising concerns about profitability due to reliance on traditional devices and rising costs. Bulls see potential in AI-driven growth, while bears highlight margin pressures.

Simplywall

Lenovo Group (SEHK:992) Q3 Profit Jump Tests Bullish AI Margin Narrative

CGS International has reaffirmed its Buy rating on Lenovo Group (LNVGF) with a price target of HK$12.00. Additionally, DBS analyst Jim Hin Kwong Au also issued a Buy rating for Lenovo Group. Conversely, UOB Kay Hian has maintained a Hold rating on the company.

CGS International Keeps Their Buy Rating on Lenovo Group (LNVGF)

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

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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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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

HSLENOV@EC2606B(21704.HK)

Your next laptop could be a foldable phone

US lawyers fire up privacy class action accusing Lenovo of bulk data transfers to China

In "Major Banks," China International Capital Corporation: Lenovo's third-quarter performance exceeded expectations, raising the annual net profit forecast

HSBC Research lowers Lenovo's target price to 11.5 yuan, maintains "Buy" rating

Lenovo Group (LNVGF) Receives a Buy from Guotai Haitong