Lenovo Q1 Revenue Surges 43% to Record $26.9B, Adjusted Profit Jumps 176%

Lenovo reports record Q1 revenue of $26.9B and adjusted profit of $1.075B. AI server backlog hits $54B, up 157% QoQ, while AI revenue constitutes 35% of total sales.

Woofun AI data shows that Lenovo Group reported first-quarter fiscal 2026/27 revenue of $26.9 billion, a 43% year-on-year increase that set an all-time quarterly record. Adjusted net profit reached $1.075 billion, rising 176% year-on-year, while equity holders recorded a $609 million loss due to non-cash fair value adjustments on $1.7 billion in options. The Intelligent Devices segment generated $17.1 billion in revenue, holding a 24.2% global PC market share and 25.1% in the AI PC sector. Infrastructure Solutions revenue climbed 98% year-on-year to $8.5 billion, with an AI server order backlog of $54 billion, up 157% quarter-on-quarter. Solutions & Services revenue grew 28% to $2.9 billion. AI-related revenue increased 60% year-on-year, representing 35% of total revenue.