Lenovo Group Ltd S/Adr (LNVGY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, good afternoon, and good evening. Welcome to Lenovo's Earnings Investor Webcast. This is Lixi Yuan, Director of Investor Relations at Lenovo. Thanks everyone for joining us. Before we start, let me introduce our management team joining the call today. Yuanqing Yang, Lenovo's Chairman and CEO. Winston Cheng, Group CFO. Luca Rossi, President of Intelligent Devices Group. Ashley Grapparala, President of Infrastructure Solutions Group. Ken Wong, President of Solutions and Services Group. And Sergio Buniac, Senior VP of Mobile Business Group and President of Motorola. We will begin with earnings presentations, and after that, we'll open the call for questions. Now, let me turn it over to Yuanqing. Yuanqing, please. Hello, everyone, and thank you for joining us. Today, I'm pleased to share that Lenovo has delivered another quarter of record performance, capitalizing on the AI democratization trend we have made significant progress in both personal AI and enterprise AI, driven by our clear strategy, operational excellence, and relentless innovation. The results reflect not only our strong performance today, but also our strength to lead in the AI era. First, let's start at the group level. Last quarter, our group revenue reached an all-time high of $20.5 billion, growing at almost 15% year-on-year. Our profits grew even faster, with adjusted net income increasing more than 25% year-on-year. All business groups and all sales geographies delivered double-digit year-on-year revenue growth, while our AI-related revenues reached 30% of the group total, increasing by 13 points year-on-year. While uncertainties remain in the external environment, we are seeing positive signs of stabilization. We will continue to leverage our unique global local model to navigate unce...