AI Server Surge! Lenovo Q1 Revenue Up 43% YoY, Adjusted Net Profit Up 176%, Stock Hits New High | Earnings Insights

Lenovo's first fiscal quarter achieved adjusted net profit of $1.075 billion, up 176% year-over-year, surpassing the $1 billion mark for the first time, with an adjusted net profit margin of 4%, nearly doubling year-over-year. AI server order backlog reached $54 billion, up 157% quarter-over-quarter. The company stated that AI-related business revenue grew 60% year-over-year, accounting for 35% of total group revenue, indicating that its hybrid AI strategy has entered the value realization phase.