联想2025/2026财年第二财季实现营收1464亿元 AI业务营收占比达30%

Core Insights - Lenovo Group Limited reported a revenue of 146.4 billion yuan for the second fiscal quarter of 2025/2026, representing a year-on-year growth of 15% and an adjusted net profit of 3.66 billion yuan, up 25% year-on-year [1] - AI-related business revenue now accounts for 30% of total revenue, an increase of 13 percentage points year-on-year, indicating a strong focus on AI as a growth driver [1] Group 1: AI Strategy and Market Position - The company aims to leverage AI for growth in both personal and enterprise intelligence, with a strategy of "one body, multiple ends" in personal intelligence, coordinating multiple devices [1] - Lenovo plans to launch a personal super intelligent device globally in January 2026, showcasing its commitment to innovation in AI [1] - In the enterprise sector, Lenovo is advancing AI-native operational technology platforms to reshape business processes, particularly in manufacturing and retail [1] Group 2: Market Trends and Predictions - The demand for AI infrastructure is surging, driven by large language models, leading to explosive growth in AI computing power [2] - According to Gartner, AI PCs (AIPC) are expected to account for 31% of global PC shipments by 2025, with Lenovo's AIPC revenue share in its IDG smart device business rising to 36%, a 17 percentage point increase year-on-year [2] - Lenovo holds a 31.1% market share in the global Windows AIPC market, maintaining its position as the leader [2] Group 3: Supply Chain and Component Pricing - The company anticipates that the shortage and price increase of core components will persist throughout the next year, but it is well-prepared to manage these challenges [3] - Lenovo has established a mature supply chain and long-term contracts with key component suppliers to ensure adequate supply in the coming year [3] - The company has mechanisms in place to adjust prices while maintaining competitiveness, thereby protecting its gross and net margins [3]