Lenovo reports record $26.9 billion quarterly revenue driven by AI

Lenovo Group has reported its strongest quarterly performance in history for the first quarter of fiscal year 2026/27. The company achieved record revenue of approximately $26.9 billion, representing a 43% increase year-on-year.

Driven by a ‘Hybrid AI’ strategy, AI-related revenue rose 60% to reach $9.3 billion, accounting for 35% of total revenue. Adjusted net income surged 176% to surpass the $1 billion milestone for the first time, reaching approximately $1.1 billion.

Performance was strong across all business segments. The Intelligent Devices Group saw a 27% revenue increase, while the Infrastructure Solutions Group nearly doubled its revenue with a 98% increase. The company also served as the official technology partner for the FIFA World Cup 2026, providing AI-powered solutions and infrastructure for the tournament.