Lenovo Maintains Revenue Momentum, Profit Tops Estimates

By Sherry Qin

Lenovo Group, the world's largest personal-computer maker, maintained double-digit revenue growth in its third quarter as it continued solid device sales and AI server revenue strengthened.

Overall revenue for the three months ended December was $22.20 billion, up 18% from a year earlier, as its main PC, tablet and smartphone business recorded a 14% revenue increase.

Net profit fell 21% to $546 million, the company said Thursday, better than analysts' expectation of $470 million in a FactSet poll. The previous year's bottom line benefited from a $282 million nonrecurring income tax credit. The company's adjusted net profit rose 36%, exceeding market estimates.

The better-than-expected results come against a backdrop of surging memory chip prices disrupting the consumer-electronics market as AI demand outpaces supply.

However, PC makers, including Lenovo, likely benefited from some demand being pulled forward amid concerns that rising memory prices would make consumer electronics more expensive.

Revenue from Lenovo's digital infrastructure business, which includes AI servers, climbed 31% in the latest quarter. The segment narrowed its losses, and Lenovo expects it to return to profitability in the next fiscal year.

Write to Sherry Qin at sherry.qin@wsj.com

(END) Dow Jones Newswires

February 11, 2026 23:49 ET (04:49 GMT)