{"slug": "lenovo-adjusted-profit-jumps-176-as-ai-servers-drive-record-quarter", "title": "Lenovo adjusted profit jumps 176% as AI servers drive record quarter", "summary": "Lenovo Group reported its strongest fiscal first quarter on record, with revenue rising 43% year over year to $26.9 billion and adjusted profit attributable to shareholders jumping 176% to $1.075 billion, driven by AI servers, AI-enabled devices, and services. The Infrastructure Solutions Group's revenue surged 98% to $8.5 billion, with its AI-server pipeline expanding to $54 billion, while the company posted a reported net loss of $609 million due to a $1.69 billion non-cash warrant revaluation.", "body_md": "# Lenovo adjusted profit jumps 176% as AI servers drive record quarter\n\n- Revenue rose 43% year over year to $26.9 billion, and adjusted profit attributable to shareholders increased 176% to $1.075 billion.\n[[1]](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0813/2026081300141.pdf) - 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.\n[[1]](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0813/2026081300141.pdf) - Lenovo reported a $609 million attributable loss after recording a $1.69 billion non-cash warrant revaluation.\n[[1]](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0813/2026081300141.pdf)\n\nLenovo 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]](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0813/2026081300141.pdf)\n\n## Servers led the growth\n\nLenovo’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]](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0813/2026081300141.pdf)\n\nThe 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]](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0813/2026081300141.pdf)\n\n## Reported loss reflects accounting charge\n\nLenovo 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]](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0813/2026081300141.pdf)\n\nThe 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]](https://www.marketwatch.com/story/lenovo-profits-soar-past-expectations-on-ai-computers-servers-and-services-162e11e6?mod=mw_rss_topstories)\n\n## Further sources\n\nThe stories that matter, in one email. Free — unsubscribe anytime.", "url": "https://wpnews.pro/news/lenovo-adjusted-profit-jumps-176-as-ai-servers-drive-record-quarter", "canonical_source": "https://mlq.ai/news/lenovo-adjusted-profit-jumps-176-as-ai-servers-drive-record-quarter/", "published_at": "2026-08-13 09:34:58.113024+00:00", "updated_at": "2026-08-13 09:34:59.827106+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-products"], "entities": ["Lenovo Group", "Infrastructure Solutions Group", "Intelligent Devices Group", "Solutions and Services Group", "MarketWatch"], "alternates": {"html": "https://wpnews.pro/news/lenovo-adjusted-profit-jumps-176-as-ai-servers-drive-record-quarter", "markdown": "https://wpnews.pro/news/lenovo-adjusted-profit-jumps-176-as-ai-servers-drive-record-quarter.md", "text": "https://wpnews.pro/news/lenovo-adjusted-profit-jumps-176-as-ai-servers-drive-record-quarter.txt", "jsonld": "https://wpnews.pro/news/lenovo-adjusted-profit-jumps-176-as-ai-servers-drive-record-quarter.jsonld"}}