Ge Long Hui·2026-02-14 14:09Core Insights - The company reported a revenue of $22.204 billion for FY26Q3, marking an 18% year-over-year increase and a 9% quarter-over-quarter increase, with AI-related business revenue growing by 72% and accounting for 32% of total revenue [1] - The net profit attributable to shareholders was $546 million, a 21% decrease year-over-year but a 60% increase quarter-over-quarter, while adjusted net profit under non-Hong Kong financial reporting standards was $589 million, reflecting a 36% year-over-year increase and a 15% quarter-over-quarter increase [1] IDG Business (Intelligent Device Group) - The IDG business generated $15.755 billion in revenue for FY26Q3, representing a 14% year-over-year increase and a 4% quarter-over-quarter increase, driven by rapid growth in AI PC revenue and increased sales of high-end products [2] - The PC business revenue increased by 18% year-over-year, with Lenovo's global PC shipment market share reaching 25.3%, up 1.0 percentage points year-over-year, and AI PC penetration in the Chinese market rising to nearly 20% [2] - Smartphone sales and activations reached historical highs, primarily driven by strong performance of high-end models such as Edge and positive market feedback for ultra-high-end models like Motorola razr fold and Motorola Signature [2] ISG Business (Infrastructure Solutions Group) - The ISG business reported revenue of $5.176 billion for FY26Q3, a 31% year-over-year increase and a 27% quarter-over-quarter increase, with AI server revenue experiencing high double-digit growth [3] - The company has a project reserve amounting to $15.5 billion, and it delivered NVIDIA's GB300 NVL72 designed rack-level solutions during the period [3] - The revenue from liquid cooling solutions increased by 300% due to higher customer adoption rates, and a one-time restructuring cost of $285 million was incurred to optimize product mix and enhance productivity [3] SSG Business (Solutions and Services Group) - The SSG business achieved revenue of $2.652 billion for FY26Q3, reflecting an 18% year-over-year increase and a 4% quarter-over-quarter increase, marking 19 consecutive quarters of double-digit year-over-year growth [4] - The operating profit margin was 22.5%, close to historical highs, with maintenance services revenue increasing by 22%, project and solutions revenue up by 16%, and support services revenue also rising by 16% [4] - The core growth engines for the SSG business are maintenance services and project and solutions [4]