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Lenovo Q1 2026/27 Revenue Hits Record $26.9B

TechPowerUp News •
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Lenovo Group Limited reported Q1 2026/27 results, marking the highest revenue growth in five years. All business groups delivered record revenue and operating profit, with total revenue $26.9 billion up 43% year‑on‑year.

Adjusted net income reached $1.1 billion, a 176% jump, surpassing the $1 billion milestone for the first time. AI‑related revenue grew 60% YoY to $9.3 billion, accounting for 35% of total revenue, while R&D expenses rose 30%.

The Infrastructure Solutions Group (ISG) doubled revenue to $8.5 billion and posted operating profit of $777 million. The Intelligent Devices Group (IDG) hit $1 billion in revenue, with PCs market share at 24.2% and AI PC share at 25.1%. The Solutions and Services Group (SSG) achieved $2.9 billion in revenue, 24.2% margin.

Lenovo also delivered AI solutions at the FIFA World Cup 2026, enhancing its brand. Supply‑chain resilience, ESG progress, and a Gartner Top 25 rank underscore its competitive edge, as CEO Yuanqing Yang praised the record quarter.