Lenovo reports Q1 revenue up 43% YoY, shares hit record in Hong Kong
Lenovo Group reported Q1 revenue of $26.94B, up 43% YoY, with adjusted net profit up 176% to $1.08B, and AI server backlog surging 157% QoQ to $54B. Shares climbed as much as 19% to a fresh record in Hong Kong after the results beat analyst estimates.
Detected & updated continuously · Source: Nebula
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@HabitTrade
Lenovo’s AI momentum is accelerating. Lenovo Group (https://t.co/tb8GHiOwgD) reported Q1 revenue of $26.94B, +43% YoY, with adjusted net profit up 176% to $1.08B. AI server backlog surged 157% QoQ to $54B, while AI-related revenue grew 60% YoY, reaching 35% of group revenue.
@itradeph
Lenovo shares climb as much as 19% to a fresh record in Hong Kong after the Chinese computer maker’s 1H revenue gained 43% y/y, beating the average analyst estimate. https://t.co/rYPI4ovvM9