Ge Long Hui·2026-03-18 06:41Core Insights - The company reported steady revenue growth with all business segments achieving double-digit growth, with FY3Q2026 revenue at $22.2 billion, up 18.1% year-on-year and 8.6% quarter-on-quarter, while net profit was $546 million, down 21.2% year-on-year but up 60.3% quarter-on-quarter [1] Business Performance - The company's smart devices, infrastructure solutions, and service solutions segments generated revenues of $15.755 billion, $5.176 billion, and $2.652 billion respectively, with year-on-year growth rates of 14.3%, 31.4%, and 17.5% [1] - The company maintained its leadership in the personal computer market with a global market share of 25.3% in Q4 2025, an increase of 1.0 percentage points year-on-year, and AI PC revenue saw high double-digit year-on-year growth [1] - The mobile phone business benefited from strong performance of the Motorola Edge series, achieving record sales and activations [1] AI and Infrastructure Solutions - AI server revenue experienced high double-digit year-on-year growth, supported by the deployment of the GB300 NVL72 rack-level solution, with a project reserve of $15.5 billion [2] - The company’s ISG (Infrastructure Solutions Group) reported an operating loss of $11 million in FY3Q2026, but with expectations of continued improvement and potential revenue balance in FY25/26 [2] Financial Metrics - The company’s operating expense ratio was 11.6%, down 0.7 percentage points quarter-on-quarter, with specific expense ratios for sales, management, R&D, and financial expenses [2] - Gross margin was 15.1%, down 0.3 percentage points quarter-on-quarter, primarily due to rising raw material costs and lower profit margins in the ISG business [2] - Net margin improved to 2.5%, up 0.8 percentage points quarter-on-quarter [2]