Lenovo's hybrid AI strategy and years of continuous investment in R&D and innovations are paying off, with its first phase of AI PCs, launched in China in May 2024, already reaching double digit share of its total notebook shipments in the China market. Looking ahead, Lenovo will drive continued innovation in hybrid AI to further accelerate growth and profitability increases and is optimistic its current momentum will continue through the rest of the fiscal year. Lenovo’s Board of Directors declared an interim dividend of 8.5 HK cents per share.
Key takeaways:
- Lenovo Group Limited reported Q2 results for fiscal year 2024/25, with significant increases in net income and year-on-year revenue growth for the 4th consecutive quarter.
- Group revenue increased 24% year-on-year to US$17.9 billion and net income was up 48% year-on-year to US$404 million.
- Lenovo's hybrid AI strategy and continuous investment in R&D are paying off, with its AI PCs reaching double digit share of total notebook shipments in the China market.
- Lenovo's Board of Directors declared an interim dividend of 8.5 HK cents per share.