LENOVO GROUP(HK:00992) Ge Long Hui·2026-02-12 04:25Core Viewpoint - Lenovo Group's third-quarter performance for the fiscal year 2025/26 demonstrates strong revenue growth and profitability, countering concerns about an AI bubble and showcasing the successful implementation of its hybrid AI strategy [1][2]. Group 1: Financial Performance - As of December 31, 2025, Lenovo achieved revenue of 157.5 billion RMB, representing a year-on-year growth of over 18% [1]. - Adjusted net profit increased by 36% year-on-year, with all three major business segments (IDG, ISG, SSG) showing double-digit growth, up 14.4%, 31%, and 18% respectively [1]. - AI-related revenue grew by 72% year-on-year, increasing its share of total revenue from 30% in the second quarter to 32% [2]. Group 2: AI Strategy and Market Position - Lenovo's hybrid AI strategy is yielding results, with significant contributions from AI PCs, AI smartphones, AI servers, and AI services, which saw year-on-year growth of 39%, 202%, 59%, and 127% respectively [2]. - The company is positioned at the forefront of the ongoing transformation in computing power, where devices are becoming core nodes connecting cloud intelligence with real-world applications [3]. - Lenovo's CEO, Yang Yuanqing, emphasizes the commitment to leveraging hybrid AI to seize opportunities presented by AI democratization, aiming for accelerated growth and improved profitability [3].