PC giant net soars 70pc amid AI push

Staff reporter

Chinese personal computer giant Lenovo's (0992) net profit soared 70 percent to US$1.3 billion (HK$10.14 billion) year-on-year in the first nine months of last year, mainly driven by its adoption of hybrid artificial intelligence.

Revenue rose 21 percent to US$52.1 billion while gross profit increased 13 percent to US$8.32 billion.

For the three months to the end of December, revenue hit US$18.8 billion, up 20 percent year on year. This also marks its highest quarterly sales in the past three years as well as the second-highest sales in the company's history.

The gross profit margin was 15.7 percent, down 0.8 percentage points year on year.

Lenovo's intelligent devices group, infrastructure solutions group, and solutions and services group all achieved double-digit year-on-year revenue growth for the third consecutive quarter.

Lenovo unveiled a series of AI-driven solutions at this year's Consumer Electronics Show in Las Vegas, with most of these innovations rooted in its investments in on-device AI and AI agents. These AI advancements were made possible by the company's focus on research and development, which saw a year-on-year increase of 14 percent and a 7 percent rise compared to two years ago.

Meanwhile, Lenovo announced it would deploy the DeepSeek model locally on AI PCs, becoming the first global brand to achieve such deployment.