Lenovo reported strong Q4 fiscal 2026 results ended March 31, with Intelligent Devices Group revenue rising to $14.6 billion from $11.9 billion a year earlier. Operating profit was just over $1 billion, up 20.7 percent, while PC and smart device revenues grew 26 percent. The company attributed performance to sustaining growth and improving profitability through operational excellence despite supply shortages and higher component costs. Lenovo maintained PC revenue momentum by shifting product mix toward premium models to raise average unit revenue, while PC shipment growth continued to outperform the market. PCs represented half of group turnover, with shipments up 20 percent year-on-year and 24.4 percent global market share. Memory prices for DRAM and NAND had doubled or quadrupled due to AI server demand and reduced consumer supply.
"Last quarter, despite the supply shortages and rising component costs, we committed to sustaining growth and improving profitability, leveraging our operational excellence."
"We promised to maintain our PC revenue momentum despite a slowdown in PC shipments due to rising costs. We delivered. We shifted our mix towards premium to improve average unit revenue, and our PC shipment growth continued to outperform the market,"
"The memory crunch has been brutal. Some DRAM and NAND flash prices doubled or quadrupled by early this year, as chipmakers chased higher margins on AI server memory and starved the consumer market of supply."
"So in calendar Q1, our last fiscal Q4, we definitely observed strong demand, which might partially be linked to some pull in, but I don't thi"
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