- Revenue rose 43% year over year to $26.9 billion, and adjusted profit attributable to shareholders increased 176% to $1.075 billion. [1] - Infrastructure Solutions Group revenue jumped 98% to $8.5 billion, with operating profit reaching $777 million and its AI-server pipeline expanding to $54 billion. [1] - Lenovo reported a $609 million attributable loss after recording a $1.69 billion non-cash warrant revaluation.
[1] Lenovo Group reported its strongest fiscal first quarter on record, driven by AI servers, AI-enabled devices and services. Revenue for the three months ended June 30 rose 43% year over year to $26.9 billion, while adjusted profit attributable to shareholders climbed 176% to $1.075 billion. [1]
Servers led the growth #
Lenovo’s Infrastructure Solutions Group generated record quarterly revenue of $8.5 billion, up 98% from a year earlier. Operating profit reached $777 million, compared with an $86 million operating loss in the year-ago quarter, lifting the segment’s operating margin to 9.1%. The company said its AI-server pipeline reached $54 billion, up 157% from the previous quarter. [1]
The Intelligent Devices Group, which includes PCs and smartphones, increased revenue 27% to $17.1 billion. Lenovo said its global PC share reached 24.2%, while AI-related revenue across the company rose 60% and accounted for 35% of group revenue. Solutions and Services Group revenue grew 28% to $2.9 billion, with operating margin expanding to 24.2%. [1]
Reported loss reflects accounting charge #
Lenovo posted a reported net loss attributable to shareholders of $609 million, compared with a $505 million profit a year earlier. The result included a $1.69 billion non-cash fair-value loss tied to warrants issued in 2025 and $30 million of notional convertible-bond interest. Lenovo said the warrant adjustment is expected to remain a non-cash accounting item through fiscal 2027/28. [1]
The Hong Kong filing was released at 12:01 p.m. local time on August 13. MarketWatch reported the same revenue and adjusted-profit figures but did not provide a verified same-session percentage move for Lenovo’s Hong Kong shares in the accessible article. [2]
Further sources #
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