Lenovo CEO has revealed that its AI focus has assisted in reporting strong Q2 fiscal results for 2024-25.
Lenovo’s revenue surged 24 percent to $17.9 billion during July-September.
Net income of Lenovo increased by 48 percent to $404 million.
Non-PC revenue represents 46 percent of total revenue.
Lenovo’s Intelligent Devices Group (IDG) has delivered 17 percent revenue growth, reaching $13.5 billion.
Expanded market leadership in PCs with 24 percent share.
Lenovo has achieved double-digit share of AI PCs in China and high growth in smartphones (43 percent) and tablets (19 percent).
Lenovo’s Infrastructure Solutions Group (ISG) reported revenue of $3.3 billion, up 65 percent.
Lenovo has achieved significant growth in storage, software, and services.
Lenovo Neptune liquid-cooled servers grew 48 percent.
Lenovo’s Solutions and Services Group (SSG) said revenue reached $2.2 billion with an operating margin of 20 percent.
Lenovo is aiming to focus on AI-driven services, growing managed services, and sustainability solutions.
Investments in AI and R&D (up 10 percent to $548 million) are establishing Lenovo as a leader in hybrid AI.
The PC market is expected to recover and shift to AI PC dominance by 2027, with AI innovations also expected to boost the smartphone market.
Lenovo’s CEO Yuanqing Yang emphasized Lenovo’s growth momentum driven by innovation, operational excellence, and hybrid AI, foreseeing sustained growth and profitability.
Lenovo’s AI strategy
Lenovo’s AI strategy called Smarter AI for All is dedicated to transforming industries, empowering organizations, and improving individual lives.
Unveiled at Tech World 2024, this strategy centers around hybrid AI — a balanced integration of public and private cloud AI solutions.
Lenovo introduced the Lenovo Hybrid AI Advantage in partnership with NVIDIA, aimed at making AI integration seamless and impactful for businesses.
Key tools include the Lenovo AI Library, a repository of ready-to-deploy AI templates that simplify implementation for various industries and business functions, from marketing to IT operations.
The sixth generation of Lenovo’s Neptune liquid cooling systems sets new efficiency standards by reducing data center power consumption by up to 40 percent, making it ideal for sustainable AI and high-performance computing.
Lenovo AI Now is a local AI agent transforming PCs into personalized, responsive assistants.
ThinkPad X1 2-in-1 Aura Edition is a laptop equipped with AI-driven hybrid work features.
Lenovo Learning Zone is an educational platform with AI-driven, personalized learning.
New moto ai experiences in beta testing aim to enhance smartphone interactions with features like on-demand summaries of messages, action item identification, and context for photos.
Alzheimer’s Intelligence is an AI avatar for supporting Alzheimer’s and dementia patients, part of Lenovo’s “Work For Humankind” initiative.
AI for ALS is a new communication tool using AI avatars and eye-tracking for ALS patients.
Arrhythmia Detection Platform is A collaboration with Latin America’s InCor hospital, delivering real-time, wearable heart monitoring.
Lenovo prioritizes security, privacy, and transparency in its AI solutions, ensuring a focus on socially responsible, impactful AI for diverse communities.
Rajani Baburajan
