The Bad PlaceUS Top News and Analysis | Lenovo shares jump 15% on record earnings as AI revenue nearly doubles
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Lenovo posted its strongest quarterly and annual earnings on record, with fourth‑quarter revenue climbing 27% year‑on‑year to $21.6 billion and net income surging nearly six‑fold to $521 million. The standout driver was AI‑related sales, which jumped 84% in the quarter and accounted for about 38% of total group revenue, covering AI‑enabled PCs, smartphones, GPUs and related services. The surge lifted Lenovo’s shares more than 15% and kept it as the world’s top PC vendor with a 24.4% market share. CEO Yuanqing Yang said the company aims to become a $100 billion business within two years, centering its growth plan on a “Hybrid AI” strategy that spans consumer devices and enterprise AI solutions.