Lenovo ISG's revenue grew by nearly 40% year-on-year, with AI server revenue doubling.

On August 14, LENOVO GROUP announced its performance for the first quarter of the 2025/26 fiscal year: quarterly revenue increased by 22% year-on-year to 136.2 billion yuan, reaching a historical high for the same period; net profit under non-Hong Kong financial reporting standards increased by 22% year-on-year to 2.816 billion yuan, significantly enhancing profitability. Currently, with the continuous evolution of AI implementation, the global demand for AI infrastructure continues to show high growth trends. According to industry estimates, the global server market is expected to grow by 44.6% in 2025, with the US and China markets expected to grow by 59.7% and 39.5% respectively; GPU server growth is even higher at 46.7%. Leading technology companies such as Google and Meta have successively increased their capital expenditure budgets, further releasing industry demand resilience. Against this backdrop, in this quarter, the ISG infrastructure solutions business achieved strong revenue growth of 36% year-on-year through effective execution of the dual-track strategy of cloud infrastructure and enterprise infrastructure development. Particularly noteworthy is the explosive growth of the AI infrastructure business, with revenue increasing by 155% year-on-year, and order backlog also performing strongly, with liquid cooling technology solutions achieving nearly 30% revenue growth. In the Chinese market, ISG maintained ultra-high-speed growth and improved profitability, with revenue increasing by 76% year-on-year and operating profit margin improving by 3 percentage points. Looking ahead, Lenovo will continue to firmly advance its research and development investment in artificial intelligence infrastructure products and continuously enhance the comprehensive competitiveness of enterprise-level infrastructure. With the accelerated popularization of enterprise intelligence transformation, the demand for hybrid AI infrastructure with high performance and flexible deployment capabilities continues to rise in the market. With a robust dual-track strategy, leading technological accumulation, and a global customer base, the ISG business will achieve sustainable growth and continuous improvement in profitability in the medium to long term.