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| HSI1 | 25,396.51 | -43.66 | 263.71B |
| HSCEI1 | 8,426.49 | -19.78 | 93.07B |
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2026-08-13 15:17:07 G Sachs published a research report saying that LENOVO GROUP (00992.HK)'s results for 1QFY2027 ended June 2026 far exceeded expectations. Revenue rose 43% YoY to USD27 billion, 22% and 20% above the broker's and market expectations, respectively. Adjusted net profit surged 176% YoY to USD1.1 billion, exceeding the broker's and market forecasts by 48% and 68%, respectively. Gross margin further expanded to 16.5%, also above the broker's and market expectations. During the period, Intelligent Devices Group (IDG) revenue increased 27% YoY to USD17 billion, accounting for 63% of total revenue. PC shipments fell 2% YoY, outperforming the global market decline of 4%, while global AI PC market share rose to 25% and smartphone revenue recorded double-digit growth. Infrastructure Solutions Group (ISG) revenue jumped 98% YoY to USD8.5 billion, accounting for 32% of total revenue, while AI server orders increased to USD54 billion. G Sachs maintained its Buy rating on LENOVO GROUP with a TP of HKD31, corresponding to a forecast 2027 P/E ratio of about 17.3x. (gc/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |