The stock price soared 17%! Lenovo's financial report: Profit surged 176% in three months, AI server backlog jumped to 360 billion yuan

Kuai Technology reported on August 13 that just now, Lenovo Group officially disclosed its first fiscal quarter results for the 2026/27 fiscal year. The statistical period covers April 1 to June 30, 2026. The group achieved total revenue of US$26.943 billion, approximately 183.4 billion yuan, a year-on-year increase of 43%. The report also shows that Lenovo’s adjusted net profit for the current period reached US$1.075 billion, which is approximately 7.3 billion yuan, a significant year-on-year increase of 176%. The adjusted net profit margin reached 4%. The overall profitability level has achieved a leapfrog improvement compared with the previous cycle. According to details officially disclosed by Lenovo, in the first quarter of fiscal year 2026/27, the revenue of ISG Infrastructure Solutions Business Group reached 57.9 billion yuan, a year-on-year increase of 98%, and the business scale almost doubled. This core business for computing power infrastructure has an operating profit of approximately 5.3 billion yuan for the current period, a year-on-year increase of 98%. The operating profit margin reached 9.1%, an increase of 11.1 percentage points compared with the same period last year, and an increase of 5.5 percentage points from the previous fiscal quarter. The profit performance is very impressive. In addition, the scale of the backlog of AI server orders, which attracts the most attention in the industry, has increased significantly from 140 billion yuan at the end of the previous fiscal quarter to 360 billion yuan. The nearly doubled order backlog has also laid a solid foundation for Lenovo's continued performance in the subsequent financial quarters. As of the time of writing, Lenovo's stock price rose by 17% after announcing revenue that exceeded expectations.