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LENOVO GROUP Swings to USD609M Loss in 1FQ; Adj. Net Profit Rallies 1.76x
2026-08-13 12:15:48
LENOVO GROUP (00992.HK) announced its results for the first fiscal quarter ended June 2026. Revenue added 43% YoY to USD26.943 billion. The company swung to a loss of USD609 million from a net profit of USD505 million in the same period last year, primarily due to a non-cash fair value loss of USD1.7 billion arising from the revaluation of warrants issued in 2025, and USD30 million of notional interest on convertible bonds. LPS was US5.04 cents.

Excluding a non-cash fair value loss from the revaluation of warrants issued in 2025, notional interest on convertible bonds, and other non-cash items, adjusted net profit rallied 176% YoY to USD1.075 billion.

AI-related revenue grew 60% YoY, accounting for 35% of the group's total revenue. Revenue from all three business groups reached record highs for the first fiscal quarter, with all achieving double-digit YoY growth.

The Intelligent Devices Group recorded revenue growth of 27% YoY to USD17.1 billion, while operating margin remained stable at 7.1%. Global PC market share reached 24.2%. Smartphone business revenue hit a record high for the first fiscal quarter.
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