Ge Long Hui·2025-11-20 00:57Core Insights - Lenovo Group reported a record revenue of 146.4 billion RMB for Q2 of FY 2025/26, marking a 15% year-on-year increase, significantly exceeding market expectations [1] - Adjusted net profit rose by 25% to 3.66 billion RMB, with profit growth outpacing revenue growth [1] - AI-related business revenue now constitutes 30% of total revenue, up 13 percentage points year-on-year, indicating AI's transition from a supportive role to a core growth driver for Lenovo [1] Business Segment Performance - The Intelligent Devices Group (IDG) achieved revenue of 108.1 billion RMB, a 12% increase year-on-year, with AI terminal devices accounting for 36% of IDG's total revenue, up nearly 17 percentage points [1] - The Infrastructure Solutions Group (ISG) reported revenue of approximately 29.3 billion RMB, a 24% year-on-year increase, with AI infrastructure revenue showing significant double-digit growth and a 154% increase in revenue from liquid cooling technology [2] - The Solutions and Services Group (SSG) experienced nearly 20% revenue growth, marking the 18th consecutive quarter of double-digit growth, with AI services achieving triple-digit revenue growth [2] Strategic Outlook - Lenovo's Chairman and CEO, Yang Yuanqing, emphasized the company's record performance in Q2 and the positive progress in both personal and enterprise intelligence sectors [2] - The company plans to leverage its unique "global resources, local delivery" model to navigate uncertainties and capitalize on the growth opportunities presented by hybrid AI [2]