CILENOV@EC2604A

Lenovo Reports Record 2025/26 Q3 Earnings, AI Sales Soar

Guosheng Securities Reiterates Buy Rating on Lenovo Group

Lenovo to Increase Prices on Commercial Products Due to Chip Shortage

Lenovo Expands Global R&D Layout, Establishes Multiple AI Innovation Centers

Goldman Sachs Raises Lenovo Group Target Price to HKD12.53

CLSA Raises Forecast and Target Price for Lenovo Group

CICC Reiterates Buy Rating on Lenovo Group with Target Price at HKD14.80

CGS International and Jim Hin Kwong Au Reiterate Buy Rating on Lenovo Group, UOB Kay Hian Maintains Hold Rating

BOA Securities upgrades Lenovo 2026 fiscal year earnings forecast but downgrades 2027-28 fiscal year forecasts

Morgan Stanley Releases Q3 CY2026 Performance Report for Lenovo Group

UOB Kay Hian Raises Lenovo's FY2026-2028 Adjusted Net Profit Forecast

JPMorgan Downgrades Lenovo's FY2027 Earnings Forecast

Yang Yuanqing Warns of Ongoing Memory Shortage for the Whole Year

Lenovo Announces Capital Expenditure Peak for Current Fiscal Year

Lenovo CFO: Future Spending to Align with Customer Demand

Lenovo CEO Comments on Healthy Future Memory Inventory Levels

Lenovo CEO expects infrastructure business to be profitable in Q4

Lenovo CEO Sees Opportunities in Memory Supply Shortage

Lenovo 转向人工智能推理市场

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Lenovo reported a record Q3 25/26 with an 18% revenue increase to USD 22.2bn, driven by a 72% rise in AI-related sales. Operating profit rose 38% to USD 948m, despite a 21% drop in net income to USD 546m. The company is expanding its AI capabilities with new R&D centers and a focus on hybrid-AI. Lenovo's shares have fallen 21.5% over the past year, presenting a potential entry point for investors, with a consensus target price suggesting a 31.3% upside. However, execution risks remain amid component cost pressures and market competition.

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Lenovo Group

LENOVO GROUP

Lenovo's Record Quarter Powers AI Ambition

Guosheng Securities has reaffirmed its Buy rating for Lenovo Group (LNVGF) with a price target of HK$12.40. This follows a similar Buy rating from DBS’s Jim Hin Kwong Au on February 16. In contrast, UOB Kay Hian maintained a Hold rating on Lenovo Group on February 13.

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Guosheng Securities Sticks to Their Buy Rating for Lenovo Group (LNVGF)

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Lenovo Group is expected to raise prices for its commercial products, including PCs, smartphones, and tablets, in early March. Due to the global memory chip shortage, North American channel head Wade McFarland urged partners to place orders as soon as possible and stated that the company will adjust sales terms to clarify this season's order acceptance, pricing, and delivery time policies

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According to reports, Lenovo Group will raise prices on some commercial products early next month

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Lenovo has been recognized as one of the Top 100 Most Sustainable Companies in the 2026 Corporate Knights Global 100 ranking, announced at the World Economic Forum in Davos. The ranking evaluates companies based on sustainable investments, revenues, and revenue momentum. Lenovo's Executive Director of Global ESG, Mary Jacques, highlighted the integration of sustainability into their products and services. This recognition adds to Lenovo's ESG achievements, reinforcing its commitment to sustainable growth and innovation in technology.

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Lenovo Named One of the World's Most Sustainable Companies by Corporate Knights

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The Verge discusses the potential of foldable phones evolving into laptops, addressing the long-standing desire for phones to serve as laptops. With foldable technology, users can now have larger screens and improved usability, making it feasible to perform laptop-like tasks on a phone. This innovation could change how we view mobile computing.

- The evolution of phones has sparked interest in merging their functionality with laptops.  
- Foldable phones have addressed limitations like screen size and keyboard accessibility.  
- This innovation opens new possibilities for mobile computing.

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Your next laptop could be a foldable phone

A US law firm has filed a class action lawsuit against Lenovo, accusing the company of violating DOJ regulations by transferring bulk data to China. The suit claims Lenovo's website uses trackers that expose American behavioral data to foreign adversaries, allowing for potential profiling and targeting of sensitive individuals. Lenovo denies the allegations, asserting compliance with data protection laws. The lawsuit seeks class action status and damages for unauthorized disclosure of personal information.

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US lawyers fire up privacy class action accusing Lenovo of bulk data transfers to China

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CICC released a research report stating that Lenovo Group's performance in the third quarter of fiscal year 2026 exceeded expectations, with revenue of USD 22.204 billion, a year-on-year increase of 18%; the net profit under non-Hong Kong Financial Reporting Standards was USD 589 million, a year-on-year increase of 36%. The net profit attributable to shareholders was USD 546 million, a year-on-year decrease of 21%. AI-related business grew by 72%, becoming the main growth driver. Based on the increase in PC market share and cost control, the bank raised its net profit forecast for fiscal year 2026 by 6.5% to USD 1.801 billion, maintaining an "outperform industry" rating and a target price of HKD 14.8

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In "Major Banks," China International Capital Corporation: Lenovo's third-quarter performance exceeded expectations, raising the annual net profit forecast

HSBC Research has lowered Lenovo's target price to HKD 11.5, maintaining a "Buy" rating. The report indicates that Lenovo's operating profit margin for the third quarter of fiscal year 2026 exceeded market expectations, with operating profit reaching USD 903 million, surpassing the bank's and market expectations by 19% and 8%, respectively. Although a decline in personal computer shipments is anticipated, revenue remains resilient due to an increase in market share. The operating profit margin for fiscal year 2027 is expected to be 3.4%

HSBC Research lowers Lenovo's target price to 11.5 yuan, maintains "Buy" rating

Guotai Haitong has maintained a Buy rating on Lenovo Group (LNVGF) with a price target of HK$13.30. Additionally, DBS's Jim Hin Kwong Au also issued a Buy rating on February 13. Conversely, UOB Kay Hian has a Hold rating on the company.

Lenovo Group (LNVGF) Receives a Buy from Guotai Haitong

J.P. Morgan analyst Albert Hung has maintained a Hold rating on Lenovo Group (LNVGF) with a price target of HK$9.50. This follows a similar Hold rating from UOB Kay Hian's Johnny Yum. Conversely, DBS has issued a Buy rating for Lenovo Group on the same day. Hung is ranked #2315 out of 12061 analysts according to TipRanks.

J.P. Morgan Remains a Hold on Lenovo Group (LNVGF)

Exploding memory prices are prompting corporate buyers to accelerate PC purchases, with DRAM and NAND prices soaring 80-90% since late 2025. Lenovo reported a 14% revenue increase in its Intelligent Devices Group, with PC revenues up 18%. The memory supply shortage is expected to have a prolonged impact, leading to higher prices and potentially lower shipment volumes. Analysts predict a 10-15% decline in PC shipments if costs are fully passed to consumers, while average selling prices for PCs are expected to rise significantly due to the anticipated memory shortage.

- The rising prices of DRAM and NAND, up 80 to 90 percent since late 2025, are pushing corporate buyers to expedite PC purchases to avoid further increases.  
- Lenovo's revenue in its Intelligent Devices Group grew by 14 percent yearly, attributing part of this to heightened demand before anticipated price hikes, with expectations of prolonged high prices impacting the market significantly.  
- Analysts predict a possible 10 to 15 percent decline in PC shipments as consumers adjust to higher costs, while overall revenue may rise due to an uptick in premium device sales driven by AI investments.

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Memory price explosion triggers PC buying spree

Nvidia’s new N1 and N1X chips will soon be out in consumer laptops from Dell and Lenovo, media report, noting the Arm-based chips with integrated Nvidia RTX-series (Blackwell) GPUs are made for Windows-on-Arm laptops. The chips are co-developed with Taiwan’s MediaTek and built using TSMC’s 3nm process. $NVIDIA(NVDA.US) $Microsoft(MSFT.US) $Arm(ARM.US) $Dell Tech(DELL.US) $Lenovo Group(LNVGY.US) #mediatek #lenovoSource: Dan Nystedt

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PC giants Lenovo, Dell and HP all warned the AI boom is using up memory chips, leading to tight global supplies next year, media report, citing Lenovo’s CFO saying the cost surge is “unprecedented” and confirming Lenovo is stockpiling memory chips, while Dell’s COO said he’s never seen memory costs “escalate at this pace” and HP’s CEO said the 2nd half of next year will be “particularly challenging” and HP will raise PC prices if necessary. The three PC giants all held quarterly earnings conferences recently. $Lenovo Group(LNVGY.US) $Dell Tech(DELL.US) $HP(HPQ.US) $HXSCL $SSNLF $Micron Tech(MU.US) #SKhynix #Samsung #SemiconductorsSource: Dan Nystedt

Today’s Key News Recap

1017 | Dolphin Research Focus: 🐬 Macro/Industry 1. Shares of two U.S. regional banks plummeted due to loan fraud and bad debt issues, with the regional bank index posting its worst performance since April. Risk aversion sentiment pushed up U.S. Treasury and gold prices. The event highlights potential risks in the credit market, and concerns about 'more risk points' will suppress sentiment in financial stocks, while reinforcing expectations for the Federal Reserve to maintain an accommodative stance. 🐬 Individual Stocks 1. $Micron Tech(MU.US) Micron Technology's U.S. stock fell in after-hours trading. According to reports, Micron will stop selling server chips to Chinese data centers...

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Micron to Stop Selling Server Chips to Chinese Data Centers; Meta Plans to Raise $30 Billion to Build Data Centers | Today's Important News Recap

$XTALPI(02228.HK) The data is as boring as the order book. But the intraday rebounds for two consecutive days still make &#34;Lenovo&#34; start to flutter. Just wait and see.

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CILENOV@EC2604A(23833.HK)

Lenovo's Record Quarter Powers AI Ambition

Guosheng Securities Sticks to Their Buy Rating for Lenovo Group (LNVGF)

According to reports, Lenovo Group will raise prices on some commercial products early next month

Lenovo Named One of the World's Most Sustainable Companies by Corporate Knights

Your next laptop could be a foldable phone