In a statement to the Hong Kong Stock Exchange, where it is listed, the company reported that revenue reached 18.830 billion dollars (16.087 billion euros), marking a 22% year-on-year increase.
All main business areas—intelligent devices (IDG), infrastructure solutions (ISG), and solutions and services (SSG)—saw double-digit revenue growth.
The personal computer and related products division grew 18% year-on-year, achieving a global market share of 24.6%, the highest in its history, while non-PC activities accounted for 47% of total revenue, the same level as a year ago.
In the infrastructure segment, revenues increased by 36%, while the solutions and services area recorded a 20% rise.
The company highlighted that its “Hybrid Artificial Intelligence” strategy—which combines capabilities in devices, infrastructure, and services—is driving growth, and investment in research and development (R&D) rose 10% in the quarter, reaching 524 million dollars (447 million euros).
The rise in profits and revenues coincided with the trade war between China and the United States in April, which amounted to a de facto trade embargo between the two powers, before a truce was reached that has been maintained since.
Lenovo stated that it “will continue to face market volatility with its operational agility and extensive experience.”
Following the release of the results, Lenovo’s shares in Hong Kong fell 3.3%. Since the beginning of the year, they have accumulated a 13.89% increase in value.
