智通财经网·2025-08-05 04:00Core Viewpoint - International investment bank, Citi, has raised Lenovo Group's earnings forecast for the April to June period due to better-than-expected performance in PC shipments and profit margins, as well as stable server business revenue [1] Group 1: PC Business Performance - Lenovo's PC business has shown strong growth, with market share continuously increasing. The IDG revenue is expected to grow by 14% quarter-on-quarter for April to June, up from a previous forecast of 7%, driven by demand in the U.S. market due to tariff issues [1] - Lenovo's global PC shipments reached 17 million units in Q2 2025, representing a year-on-year growth of 15.3%, while the overall market grew by 7.5%. Lenovo's global market share reached 24.6% in Q2 2025, an increase of 0.8 percentage points quarter-on-quarter and 1.8 percentage points year-on-year [1] - In North America, Lenovo's market share increased by 1.0 percentage points year-on-year to 18.7%, while in Western Europe, it grew by 0.6 percentage points to 27.7%. Lenovo has gained market share from Dell and HP in the U.S. and EU, and from Huawei in China [1] Group 2: Future Growth Prospects - Strong growth momentum in Lenovo's PC business is expected to continue into the second half of 2025, driven by factors such as gaining market share from competitors, replacement demand due to the end of Windows 10 support in October, and the release of new AI models [2] - Lenovo launched a high-end AI PC model in June and may introduce new AI PC models based on NVIDIA and MediaTek chipsets in early 2026 [2] Group 3: Server Business Performance - Lenovo's server business revenue is expected to remain stable at $4.1 billion for April to June, primarily driven by demand from cloud service providers. For July to September, revenue is anticipated to grow further due to increased demand from Microsoft and new customers for data centers in China [2] Group 4: Financial Gains from Warrants - The issuance of 1.15 billion warrants on January 8, 2025, is expected to generate significant financial gains, with estimates of $120 million in revenue from these warrants [2]