Both revenue and profit increased by over 20%. Lenovo, which has been established for 40 years, starts to build a "model factory" | Latest frontline news
Author | Deng Yongyi
Editor | Su Jianxun
Lenovo has welcomed one of the best years in its history.
On March 31, the 2025/26 fiscal year mobilization meeting of Lenovo Group was held at the Beijing Diamond Stadium. Yang Yuanqing, Chairman and CEO of Lenovo Group, said that the fiscal year about to end will be one of the best years in Lenovo's history. The cumulative revenue in the first three quarters increased by 21% year-on-year, and the net profit increased by 70% year-on-year.
Among them, in the face of the year-on-year decline in the PC business, the basic market of Lenovo China, both the overall revenue and the contributed profit achieved a year-on-year growth of more than 20%.
Looking at Lenovo's various sub - businesses, there are highlights in each:
The IDG business, which accounts for the majority of Lenovo's business, still ranks first in the global personal computer market, and the gap with the second - ranked competitor has widened to 5 percentage points; Lenovo's smartphone business continues to grow profitably. On the basis of maintaining its traditional advantages in the Latin American and North American markets, it is vigorously expanding into the European, Middle Eastern, African, and Asia - Pacific markets, and its ranking in markets outside China has risen to the fifth place.
Lenovo's Infrastructure Solutions Group (ISG) business maintained an ultra - high - speed growth of more than 60% in the first three quarters, and successfully achieved profitability in the third quarter. Now the business scale is close to $10 billion.
In terms of enterprise intelligence, the infrastructure business in the China region has increased significantly. The server turnover has reached three times that of the previous fiscal year, and it has also won super large customers such as Alibaba and ByteDance. The Solution and Services Group (SSG) continues to maintain high growth and high profitability, and has also launched Lenovo Baiying, China's first domain - specific intelligent agent for small and medium - sized enterprise customers.
AI is the core keyword behind these impressive figures.
The global wave of large - language models triggered by ChatGPT has lasted for two years. If the previous popularity of large - language models was still limited to the circles of developers and early adopters, then the explosion of DeepSeek in 2025 has brought large - language models to a new stage of development - both the training and inference costs have dropped significantly again.
The effect of the base large - language model has quickly spread to the consumer market at the C - end. Terminal device manufacturers represented by Lenovo have long established a device matrix around AI. In May 2024, Lenovo also launched its first AI PC in China. Lenovo said that it is expected that by 2025, AI PCs will account for a quarter of Lenovo's shipments, and may reach 80% by 2027.
When answering why the net profit could increase by 70% year - on - year, Yang Yuanqing told the media, "We defined our strategy around artificial intelligence early on, were the first to propose AI PCs, and grasped the opportunity for the growth of AI PCs."
At exhibitions such as CES and MWC in early 2025, Lenovo showcased a number of innovative products and cutting - edge technologies, including roll - up screens, foldable screens, transparent screens, 2D/3D integrated screens, and solar - powered screens.
The significant reduction in the cost of DeepSeek's base model is a major boon for edge - side devices. There is no doubt that 2025 will be the "Year of Edge - side Devices". At the press conference, Yang Yuanqing, Chairman and CEO of Lenovo Group, previewed that Lenovo's new generation of AI PC products will be launched soon. The local artificial intelligence inference ability will have a huge leap, comparable to the ability of OpenAI o1 - mini.
"The demand for computing will shift from large data - center computer rooms to just one AI PC," Yang Yuanqing said.
On the other hand, in the emerging market of generative AI, the pure distinction between "software/hardware" no longer exists. At TechWorld in 2024, Lenovo had already put forward the concept of "hybrid artificial intelligence" and increased its investment in R & D technology, with a year - on - year increase of 10% in the first three quarters of the 2024 fiscal year.
2025 marks the beginning of Lenovo's fifth decade since its establishment. Yang Yuanqing also stated that "the fifth decade will focus on hybrid artificial intelligence."
In the field of personal intelligence, AI PCs are just the first step. In Lenovo's Personal AI roadmap, AI PCs will evolve to enable personal intelligent agents to be applied to more terminal devices, then to personal super - intelligent agents, and ultimately achieve "personal intelligent twins".
The "personal super - intelligent agent" is a rather ultimate vision. It will provide users with a personalized and natural interaction experience that spans devices and ecosystems, understands user intentions, and protects user privacy. It can uniformly access, extract, filter, share, and centrally manage personal information and knowledge on all of the user's devices, and use different models to achieve intelligence in different application fields.
For this reason, Lenovo also officially announced that it will build a "model factory" to shorten the model deployment time from several months to a few weeks. "The future user - centered AI will not be limited to a single model, chip, device, or form, but will be a collaboration of multiple models and multiple intelligent agents - including those at the edge, in the cloud, etc. They will integrate to provide users with seamless and smooth services," said Tolga Kurtoglu, Senior Vice President and Chief Technology Officer (CTO) of Lenovo Group.