Lenovo Group Limited (992) Earnings Call Transcripts

Lenovo Group Limited's Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal year 2025-2026, Lenovo Group Limited reported record revenue of $21.6 billion, reflecting a 27% year-on-year increase, the highest growth rate in five years. Adjusted net income doubled to $559 million, showcasing strong profitability amid rising component costs. Management maintained a confident outlook, targeting $100 billion in revenue within two years, driven by AI-related growth and operational excellence.

Reported metrics

Guidance from management

Management expects to achieve $100 billion in revenue within two years, driven by AI and operational excellence, while continuing to expand margins.

What management said

Thank you, Winston. Second question is from Tina Wong from Citi. So for PC business, did you -- did the company see major pull-in happened in the first quarter of calendar year '26 to support a stronger result? Will there be any risk to the coming quarters on the demand side. Given the CPU and memory shortage, we see many years to lower their calendar year shipment target, this Lenovo experienced similar situation th...

Thank you, Luca. That's great. Third question is coming from Tony Zhang from CLSA. What is the IDG business margin outlook for the coming quarters? Why are PC and smartphone margin maintained so well regardless of the cost incurs, which is more resilient between PC and smartphone business and made the BOM cost increase? I would like to invite Luca and past to Sergio to address his question. So Luca.

What analysts pressed on

Analysts expressed concerns about potential demand risks due to component shortages and the impact of rising costs on future profitability. Questions were raised regarding the sustainability of PC shipment growth amid these challenges.

Main topics on the call

• Record Revenue and Profitability — Lenovo achieved a record fourth quarter revenue of $21.6 billion, up 27% year-on-year, with adjusted net income doubling to $559 million. CEO Yuanqing Yang emphasized, "Our strategic foresight and execution enabled us to...
• AI-Driven Growth — AI-related revenue grew 84% year-on-year, accounting for 38% of total group revenues. CFO Winston Cheng noted, "AI is at the heart of our multiyear growth trajectory," indicating strong demand across AI-enabled devices a...
• Infrastructure Solutions Group Turnaround — The Infrastructure Solutions Group (ISG) reported record revenue of $5.6 billion, up 37% year-on-year, and achieved full-year profitability. Yang stated, "ISG is now on a clear path to sustainable profitable growth," hig...
• PC Market Leadership — Lenovo maintained its position as a top PC vendor, achieving a record global market share of 24.4%. Yang mentioned, "We are the only vendor among the global top 5 to deliver consecutive positive year-on-year shipment gro...

Read the full Lenovo Group Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Lenovo Group Limited earnings call transcripts on record, spanning February 20, 2020 to May 22, 2026. Based on this history, Lenovo Group Limited reports quarterly. The most recent call on file is dated May 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

992

Exchange

SEHK

Country

HK

Sector

Information Technology

Industry

Technology Hardware, Storage and Peripherals

Calls on record

27

First call

February 20, 2020

Most recent

May 22, 2026

Reporting cadence

quarterly