Lenovo Group Chairman and CEO Yang Yuanqing has stated that the company aims to increase its revenue to over $100 billion within two years, driven by its artificial intelligence business.

Yang made these remarks at a private event. He pointed out that the AI capabilities validated on the World Cup stage will not remain confined to the sports arena. They stem from Lenovo's years of continuous accumulation in R&D, supply chain, intelligent manufacturing, and global operational practices, and will in turn empower a vast array of industries.

Yang emphasized that Lenovo's AI capabilities have already taken root in many sectors. He introduced that the Lenovo City Super Intelligent Body has been deployed in locations such as Wuyishan, Yichang, Shanghai Hongkou, and Hohhot. The multi-agent collaboration capability behind FIFA AI Pro originates from the intelligent manufacturing and supply chain management practices across Lenovo's more than 30 global factories. After being tested and further optimized through real-world World Cup applications, these solutions will also feed back into factory production, applied in areas like second-level production scheduling, AI visual quality control, and global supply chain decision-making.

Lenovo's AI strategy and capabilities are already reflected in its financial performance. Yang stated that the company's revenue in the last fiscal year exceeded $83 billion, a year-on-year increase of 20%. AI-related revenue already accounts for about one-third of the group's total revenue, serving as a core growth engine. The company's goal is to increase revenue to over $100 billion within two years, propelled by its AI business.

Market attention is shifting to Lenovo's upcoming first-quarter results for the 2026/27 fiscal year. Several investment banks generally believe that Lenovo's AI server business is transitioning from scale expansion to profit realization. In the next phase, the extent to which AI business boosts the group's overall performance will depend on the smooth conversion of orders and the continued improvement in the profitability of its Infrastructure Solutions Group.

CLSA anticipates that strong demand from new U.S. cloud provider customers will drive Lenovo's ISG performance beyond expectations. The firm has raised its forecast for first-quarter ISG revenue growth from 35% to 45%, its operating margin forecast from 3.1% to 5.2%, and its operating profit forecast from $180 million to $320 million. The bank also expects full-year FY27 ISG revenue to be around $28 billion, with AI servers contributing over 30% of ISG revenue. CLSA raised its target price for Lenovo Group (HKEX: 00992) to HK$36.

Morgan Stanley believes that AI-driven demand tightening for memory supply has increased customer acceptance of system price hikes. Leveraging its scale procurement, global manufacturing, and supply chain capabilities, Lenovo is well-positioned to pass on component costs and maintain its profit margins. The bank expects Lenovo's earnings per share from FY27 to FY29 to be approximately 20% higher than the market consensus and has upgraded its rating to "Overweight," raising the target price to HK$30.