Zhi Tong Cai Jing·2025-11-19 23:40Core Insights - Lenovo Group reported a revenue of $39.282 billion for the fiscal year 2025/26 mid-term, representing an 18% year-on-year increase, and a profit attributable to equity holders of $846 million, up 40% year-on-year [1] - The company achieved a record high in revenue for the first half of the year, with adjusted profit attributable to equity holders increasing by 24% year-on-year when accounting for non-cash items [1] - Revenue from artificial intelligence-related products accounted for 29% of total revenue, a 15 percentage point increase from the same period last year, driven by higher sales of AI devices, servers, and services [1] Financial Performance - The smart devices business group saw revenue and operating profit increase by 15% and 13% respectively, benefiting from a rapid rise in AI computer shipments and strong sales of high-end products [1] - The company achieved a record global PC market share of 25.6% in the second quarter [1] - The infrastructure solutions business group experienced a 30% year-on-year revenue growth, with AI infrastructure revenue showing high double-digit growth, supported by cloud and enterprise infrastructure strategies [1] Service Solutions - The solutions services business group reported a 19% year-on-year revenue increase, reaching a historical high, with operating profit rising by 28% [2] - Revenue from operations and project solutions accounted for 58.9% of total revenue, also a record high, driven by favorable trends in digital workplace solutions, AI, and hybrid cloud [2] - In the second quarter, the company achieved a historical revenue high of $20.5 billion, surpassing records set during the COVID-19 pandemic, with a 15% year-on-year revenue growth and an adjusted net profit margin expanding to 2.5% [2]