Lenovo Reports Strong Q2 with $17.85B Revenue, 44% Net Income Rise

Lenovo reported a strong second quarter performance, with revenue up 24% year-over-year to $17.85 billion, surpassing estimates. Net income also rose by 44% year-over-year to $358.5 million, exceeding the expected $343.3 million. The company's PC shipments grew by 3% year-over-year, outperforming peers in a generally down quarter for the wider industry. This growth was driven by trade-in subsidies and investments in hybrid AI innovations. Lenovo's Q3 earnings beat expectations, with sales of home appliances and digital products returning to growth. CEO Yuanqing Yang expressed optimism about continued growth through the rest of the fiscal year, citing strong execution and current momentum.