Lenovo

News Summary:

On September 18, 2026, Lenovo reported record quarterly and annual revenue, with its fourth quarter and fiscal year 2025/26 earnings announcement revealing a record quarterly revenue of $21.6 billion, marking the highest year-over-year growth rate in five years. AI-related revenues more than doubled year-over-year for the full fiscal year, which reached $83.1 billion, and increased year-over-year in the fourth quarter, driven by strong demand across AI-related devices, infrastructure, and services. The company's AI server pipeline achieved a record high, its operating profit margin expanded to 6.9%, adjusted net income grew 101% year-over-year to $559 million, and adjusted operating income increased 73% year-over-year to $834 million, as Lenovo focused on building an AI-native company and accelerating its Hybrid AI strategy. Previously on the same day, Lenovo's core PC business demonstrated strong growth with a 2% year-on-year revenue increase, maintaining its global PC market share at 21.4%, an increase of 0.4 percentage points year-on-year, despite declines in mobile business shipments and data center revenue. Earlier, on September 18, 2026, Lenovo reported a revenue of $44.912 billion for fiscal year 2016, incurring a loss attributable to equity holders of $128 million, though its gross profit margin increased by 0.4 percentage points to 14.8 percent. This followed a workforce reduction of approximately 2,500 jobs, or about 11 percent of its total worldwide workforce, including senior managers like Scott DiValerio, senior vice president and president for the Americas, which also occurred on September 18, 2026, as part of a restructuring plan.