Lenovo shares jump 15% on record earnings as AI revenue nearly doubles
Lenovo shares jump 15% on record earnings as AI revenue nearly doubles
Publish Date: 2026-05-22 01:00:00
Source Domain: www.cnbc.com
- Lenovo’s shares surged by over 15% following strong revenue growth, notably driven by its AI business segment.
- Group revenue increased by 27% to $21.6 billion in the March quarter, marking the highest growth rate in five years.
- AI-related revenue surged 84% in the fourth quarter, accounting for over a third of Lenovo’s total group revenue.
- Net income nearly sextupled to $521 million, and full-year results set a new record.
- Lenovo aims to reach a market cap of $100 billion in the next two years, with significant focus on AI.
- Lenovo’s “Hybrid AI strategy” includes personal AI across devices and an enterprise AI business for data-driven insights.
- Lenovo retained its position as the world’s top PC vendor with a global market share of 24.4% in the fourth quarter.
