Lenovo Reports 20% Revenue Growth, 106% Profit Increase in Q3

Lenovo Group reported robust financial results for the third quarter of FY2024/25, with revenue reaching $18.8 billion, a 20% increase year-on-year, and net profit more than doubling to $692.7 million, surpassing analysts' expectations. This growth is attributed to a resurgence in the global personal computer market, driven by AI infrastructure spending and increased demand for hybrid solutions. Lenovo's market share in personal computers rose to 24.3%, leading the industry, particularly as the shift towards Windows 11 encourages a new replacement cycle. The company's infrastructure solution business also saw significant improvement, with a nearly 60% revenue increase, indicating a successful expansion in cloud services. Additionally, Lenovo's mobile phone segment thrived, showing a 21% revenue growth year-on-year, reaffirming its strong position in international markets. These developments position Lenovo favorably for future growth amid increasing demand for AI-driven technology solutions.