Lenovo Group Ltd S/Adr (LNVGY) Q3 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 Li Xiyuan, Director of Investor Relations at Lenovo. Thanks everyone for joining us. Before we start, let me introduce our management team joining the call today. Yuan Qingyang, Lenovo's Chairman and CEO. Winston Chang, 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 Buniak, 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 achieved extraordinary results last quarter, delivering on every commitment we made. This once again proves that Lenovo not only navigated the market cycle with operational excellence, but also seized growth opportunities through innovation. We are confident we can further build on this momentum to lead in hybrid AI and drive sustainable growth. Now, let's start at the group level. Last quarter, we delivered on our promise of double digital growth with sustained profitability in the second half of the fiscal year. Our group revenue reached an all-time high of US$22 billion, grew over 18% year-on-year, with double digital growth across all business groups. Our adjusted net income expanded 36% year-on-year, doubling the pace of revenue growth. AI is becoming our leading growth engine, as AI-related revenue surged more than 70% year-on-year, now representing nearly one-third of the group total. Our IDG, or intelligent devices, group delivered exceptional performance...