{"id":439560,"date":"2026-05-22T06:12:09","date_gmt":"2026-05-22T06:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/439560\/"},"modified":"2026-05-22T06:12:09","modified_gmt":"2026-05-22T06:12:09","slug":"lenovo-shares-jump-15-on-record-earnings-as-ai-revenue-nearly-doubles","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/439560\/","title":{"rendered":"Lenovo shares jump 15% on record earnings as AI revenue nearly doubles"},"content":{"rendered":"<p>Chinese multinational technology company, Lenovo logo seen in Shenzhen. (Photo by Alex Tai\/SOPA Images\/LightRocket via Getty Images)<\/p>\n<p>Alex Tai | SOPA Images | LightRocket | Getty Images<\/p>\n<p>Shares of Lenovo surged over 15% on Friday, after the personal computer and electronics giant posted strong revenue growth powered by its growing artificial intelligence business.\u00a0<\/p>\n<p>Group revenue for the March quarter reached $21.6 billion, up 27% year-on-year \u2014 the highest growth rate in five years for the Hong Kong\u2013based Chinese multinational company. Net income grew by nearly a factor of six to reach $521 million. Full-year results reached a record.\u00a0<\/p>\n<p>The standout performer was AI-related revenue, which surged 84% in the fourth quarter to account for more than a third of total group revenue. The category includes devices such as PCs and smartphones with neural processing units, servers with graphics processing units, and services.\u00a0<\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/p>\n<p>Lenovo aims to become a $100 billion company within the next two years, Chairman and CEO Yuanqing Yang said in a statement, with much of the growth plan hinging on AI. Its market cap is currently around $24 billion.<\/p>\n<p>Lenovo&#8217;s &#8220;Hybrid AI strategy&#8221; encompasses personal AI across its devices, as well as its enterprise AI business, which focuses on helping customers leverage their data for insights and business value.<\/p>\n<p>Lenovo also maintained its position as the world&#8217;s top PC vendor in the fourth quarter, with global market share reaching 24.4%. <\/p>\n<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/05\/108311009-17794259731779425970-46095758028-1080pnbcnews.jpg\" alt=\"Lenovo's biggest challenge - exploding memory prices: Analyst\"\/><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Chinese multinational technology company, Lenovo logo seen in Shenzhen. (Photo by Alex Tai\/SOPA Images\/LightRocket via Getty Images) Alex&hellip;\n","protected":false},"author":2,"featured_media":439561,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,4562,553,111,139,69,145],"class_list":["post-439560","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-technology","tag-business-news","tag-new-zealand","tag-newzealand","tag-nz","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/439560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=439560"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/439560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/439561"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=439560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=439560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=439560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}