Lenovo’s profit beats estimates with PC growth and AI demand

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Lenovo Group Ltd. reported better-than-expected profit after companies accelerated PC purchases to get ahead of potential new US tariffs.

The world’s top PC maker said net income for the June quarter rose 108% to $505 million, beating the average of analysts’ estimates by a wide margin. That’s partly due to fair value gains from warrants issued earlier this year. Revenue climbed 22% to $18.8 billion versus an expected $17.6 billion.

Beijing-based Lenovo grew quarterly PC shipments 15%, outperforming competitors HP Inc. and Dell Technologies Inc.,…



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Lenovo’s profit beats estimates with PC growth and AI demand


Lenovo Group Ltd. reported better-than-expected profit after companies accelerated PC purchases to get ahead of potential new US tariffs.

The world’s top PC maker said net income for the June quarter rose 108% to $505 million, beating the average of analysts’ estimates by a wide margin. That’s partly due to fair value gains from warrants issued earlier this year. Revenue climbed 22% to $18.8 billion versus an expected $17.6 billion.

Beijing-based Lenovo grew quarterly PC shipments 15%, outperforming competitors HP Inc. and Dell Technologies Inc.,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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