Lenovo shares jumped 15% after the world’s largest PC maker reported record quarterly earnings driven by surging demand for artificial intelligence infrastructure, servers, and AI-enabled devices. The strong results made Lenovo one of the biggest gainers on Hong Kong’s Hang Seng Index, according to Reuters.
Lenovo reported fiscal fourth-quarter revenue of $21.6 billion, a 27% increase from a year earlier and well above analyst expectations of $18.7 billion. Net profit attributable to shareholders surged 479% to $521 million, boosted by stronger PC sales, rising AI server demand, and expanding enterprise infrastructure services.
The company said its AI server order pipeline has reached $21 billion as businesses globally increase investment in AI computing and data centre infrastructure. Lenovo’s infrastructure solutions division, which includes AI servers, recorded 37% revenue growth during the quarter, the fastest across all business segments.
Chief Executive Yang Yuanqing said rising demand for AI-related products and stronger global PC shipments helped Lenovo expand market share despite ongoing memory chip shortages and higher component costs. Analysts say the results reinforce how AI-driven spending continues reshaping the global technology industry, particularly for companies supplying hardware and computing infrastructure.
