Lenovo Q1 Revenue Jumps 43% but Shareholder Net Loss Widens
Lenovo’s revenue rose to $26.94 billion in the quarter ended June 30, up 43%, beating expectations, helped by AI-driven demand and solid PC sales. AI-related revenue grew 60% to $9.3 billion, 35% of total. The company reported a $609 million shareholder net loss versus $505 million profit last year, though adjusted net income more than doubled; R&D rose 30%.