智通财经网·2025-10-22 06:14Core Viewpoint - International investment bank Credit Lyonnais expects Lenovo's revenue for FY2Q26 to grow by 13% year-on-year and 7% quarter-on-quarter, reaching $20.1 billion, driven primarily by higher PC revenue [1] Group 1: Revenue and Growth Projections - Lenovo's PC shipments are projected to increase by 17% year-on-year and 14% quarter-on-quarter [1] - Credit Lyonnais anticipates IDG revenue to grow by 11% to $15 billion, with an operating profit margin stable at 7.1% [1] - ISG revenue is expected to rise by 20% to $4 billion, with improved operating profit margins [2] - SSG revenue is projected to grow by 17% [2] Group 2: Profitability Metrics - Adjusted net profit margin is expected to improve both quarter-on-quarter and year-on-year to 2.2% [2] - Adjusted net profit is forecasted to increase by 14% year-on-year to $436 million [2] - Reported net profit is estimated at $260 million, which includes a non-cash warrant fair value loss of $176 million and convertible bond interest [2] Group 3: Target Price and Rating - Credit Lyonnais has raised the target price for Lenovo to HKD 12.8, maintaining an "Outperform" rating [1]