Lenovo posted revenue of $20.5 billion for the second quarter of fiscal 2025-26, marking a 15 percent year-on-year increase and reinforcing its position as a global leader in AI-driven devices and infrastructure.
The company recorded double-digit growth across all major business groups and geographies, with AI-related revenue now contributing 30 percent of total revenue – up 13 percentage points from last year.
Strong momentum in AI servers, AI PCs, AI smartphones, and AI services powered this growth. Lenovo said the results reflect its focused strategy, operational discipline, and innovation strength, supported by a resilient global-local operating model designed for the AI era.
As the AI market shifts from large-scale model training to more personalized and enterprise-centric deployments, Lenovo sees expanding opportunities across devices, hybrid infrastructure, and tailored solutions. The company aims to strengthen its leadership in Personal AI and scale its Enterprise AI offerings to deliver long-term value.
Chairman and CEO Yuanqing Yang said Lenovo is benefiting from the democratization of AI and continues to make progress in Personal AI and Enterprise AI.
Lenovo’s Personal AI strategy, called ‘One Personal AI, Multiple Devices’, is designed to meet rising demand for hyper-personalized experiences. Its Personal AI super agent will debut globally on January 6, 2026, enabling seamless coordination across wearables and ambient devices to act as a Personal AI Twin.
The Intelligent Devices Group recorded revenue of $15.1 billion, up nearly 12 percent. Lenovo strengthened its global PC leadership with a 25.6 percent market share and maintained top profitability in PCs and smart devices. AI PC penetration rose sharply, with AI PCs accounting for 33 percent of shipments and Lenovo capturing a 31.1 percent share of the global Windows AI PC market. Motorola smartphones also delivered record volumes, while revenue from AI devices climbed to 36 percent of the mix.
In Enterprise AI, Lenovo is accelerating its Hybrid AI strategy to help organizations convert data into insights and deploy AI closer to the edge. This shift from cloud-only AI to hybrid and on-premise models is driving new demand for AI devices, infrastructure, and applications.
The Infrastructure Solutions Group posted revenue of $4.1 billion, up 24 percent, driven by strong performance in cloud service provider and enterprise SMB markets. AI infrastructure revenue saw high double-digit growth, while revenue from liquid cooling solutions jumped 154 percent. Lenovo expects profitability to improve as it optimizes business models for enterprise and SMB customers.
The Solutions and Services Group continued its long streak of growth, generating $2.6 billion in revenue, up 18 percent for the eighteenth consecutive quarter. Support services grew in double digits, and managed services plus project and solutions work accounted for nearly 60 percent of the business. SSG is scaling Lenovo’s Hybrid AI Advantage through an AI factory, AI services, and a growing library of repeatable AI solutions across key industries.
Lenovo said it remains committed to innovation and investment to make AI more personalized and to sustain long-term value for shareholders.
Rajani Baburajan
