Lenovo Shares Surge 18% as Q1 Revenue Beats Expectations

Lenovo stock jumps 18% after Q1 revenue hits $26.94B, beating estimates. AI revenue now 35% of total, with infrastructure profits soaring.

Woofun AI reports that Lenovo Group shares climbed nearly 18% in afternoon trading following strong first-quarter earnings. Revenue reached $26.94 billion, a 43% year-on-year increase that exceeded market expectations of $22.33 billion, while adjusted net profit rose 176% to $1.075 billion. AI-related revenues now constitute 35% of total income. Infrastructure solutions revenue nearly doubled, driven by AI server demand and Agentic AI applications, yielding $777 million in operating profits. Smart device revenue grew 27%, and despite a 4.9% drop in global PC shipments, Lenovo maintained its top market position with 24.2% share.