Lenovo Reports Strong Q3 Revenue Growth on PC Market Recovery
Lenovo, the world's leading PC manufacturer, reported a 20% surge in revenue for the third quarter ended December 31. This exceeded analyst estimates of $17.82 billion, reaching $18.8 billion.
Buoyed by PC Industry Recovery
The global PC industry has shown signs of modest recovery after a post-pandemic slump. Lenovo maintained its dominance as the largest vendor, capturing a 24.5% market share with 4.8% growth in shipments.
AI Driving Growth
Leveraging the growing demand for artificial intelligence (AI) applications, Lenovo is expanding its AI server and software businesses. The company projects AI PCs to account for a substantial portion of its shipments in the coming years.
Strategic Diversification
Beyond its core PC business, Lenovo has diversified into software and services. The infrastructure solutions group witnessed a 59% revenue boost, while the solutions and services group reported a 12% increase.
Deepening AI Integration
Collaborating with DeepSeek, Lenovo is integrating AI into its devices. Users can access DeepSeek's services through Lenovo's XiaoTen AI assistant without additional downloads or registrations.
Outlook
Lenovo's strong Q3 performance underscores its resilience in the evolving PC market. Its focus on AI and strategic diversification positions it well for continued growth.