Lenovo Group Ltd S/Adr (LNVGY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, good afternoon, and good evening. Welcome to Lenovo's Earnings Investor Webcast. This is Jenny Lai, Vice President of Investor Relations at Lenovo. Thanks, everyone, for joining us. Before we start, let me introduce our management team joining the call today. Yanqing Yang, Lenovo's Chairman and CEO. Winston Chang, Group CFO. Luca Rossi, President of Intelligent Devices Group. Ashley Goro-Poala, President of Infrastructure Solutions Group. Ken Wong, President of Solutions and Services Group, and Sergio Buniak, Senior Vice President of Mobile Business Group and President of Motorola. We will begin with Ernie's 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 very pleased to report that our performance in the past fiscal year has been one of the best in Lenovo's history. It was particularly remarkable that we achieved such results amid a volatile and challenging geopolitical landscape and industry environment. By firmly executing our clear strategy, we have delivered significant growth in both revenue and profit. All our main businesses are healthy and strong. each fulfilling its strategic intent and financial goals. And more importantly, we have made significant progress in both personal AI and enterprise AI, laying a solid foundation for our leadership in the AI era. Now let's first look at our full-year performance at the group level. Group revenue saw robust growth of more than 21% year-on-year to reach $69 billion U.S., the second highest ever. Profit grew even faster, with net income up 36% year-on-year on a non-Hong Kong FIS basis. While our core PC business continued to grow and expand market leadership, our diversified...