Core Insights - Lenovo Group reported a 15% year-on-year revenue growth to 146.4 billion RMB for Q2 FY26, achieving a historical high for the quarter and significantly exceeding market expectations [1] - Adjusted net profit increased by 25% year-on-year to 3.66 billion RMB, indicating strong operational resilience and strategic certainty in a complex environment [1] Business Segment Summaries PC Business - FY26Q2 PC revenue rose by 17% year-on-year, with a market share of 25.5% in PC shipments, up 1.7 percentage points year-on-year according to IDC data [1] - Lenovo's AI PC segment led the global Windows AI PC market with a shipment share of 31.1%, accounting for 33% of total PC shipments in FY26Q2 [1] Smartphone Business - The activation of new smartphone models reached a historical high, driven by strong sales of high-end models like Razr and Edge [1] - Sales performance was particularly strong in the Asia-Pacific region and the Indian market, with the company effectively leveraging supply chain advantages to mitigate storage price increases [1] ISG Business - FY26Q2 ISG revenue was $4.087 billion, a 24% year-on-year increase, with cloud infrastructure revenue up 21% and enterprise infrastructure revenue up 30% [2] - AI server revenue experienced double-digit growth due to increased adoption and product iteration, while the Neptune liquid cooling solution saw a 154% year-on-year revenue increase [2] - The operating loss narrowed to $0.032 billion from $0.036 billion year-on-year, indicating improved profitability in the Chinese market [2] SSG Business - FY26Q2 SSG revenue reached a historical high of $2.556 billion, an 18% year-on-year increase, maintaining double-digit growth for 18 consecutive quarters [2] - The operating profit margin remained stable at 22% year-on-year, with support services revenue up 16% and deferred revenue reaching $3.6 billion, a 17% increase [2] - Operations and project solutions revenue grew by 29% and 13% year-on-year, respectively, contributing to 59.9% of total SSG revenue, which is a 1 percentage point increase year-on-year [2]

Core Viewpoint - Lenovo Group reported strong financial results for the second quarter of FY26, with revenue reaching 146.4 billion RMB, a 15% year-on-year increase, and adjusted net profit growing by 25% to 3.66 billion RMB, indicating robust operational resilience and strategic certainty in a complex environment [1] Group 1: PC Business - FY26Q2 PC revenue increased by 17% year-on-year, with a market share of 25.5% in PC shipments, up 1.7 percentage points compared to the previous year [1] - Lenovo's AI PC segment achieved a 31.1% share of the global Windows AI PC market, with AI PCs accounting for 33% of total PC shipments in FY26Q2 [1] Group 2: Smartphone Business - The activation of new smartphone models reached a historical high in FY26Q2, driven by strong sales of high-end models such as Razr and Edge [1] - Sales performance in the Asia-Pacific region and the high-end market in India showed significant improvement, with the company effectively leveraging its supply chain to mitigate storage price pressures [1] Group 3: ISG Business - FY26Q2 ISG business revenue was $4.087 billion, a 24% year-on-year increase, with cloud infrastructure revenue up 21% and enterprise infrastructure revenue up 30% [2] - AI server revenue experienced double-digit growth due to increased adoption and product iteration, while the Neptune liquid cooling solution saw a remarkable 154% year-on-year revenue increase [2] Group 4: SSG Business - FY26Q2 SSG business revenue reached a record high of $2.556 billion, an 18% year-on-year increase, maintaining double-digit growth for 18 consecutive quarters [2] - Support services revenue rose by 16%, with deferred revenue reaching $3.6 billion, up 17% year-on-year, indicating strong performance in operational and project solutions [2]