Lenovo Likely Faces Near-Term Earnings Boost, Longer-Term Memory Cost Pressure -- Market Talk

Dow Jones

2025/11/10

0351 GMT - Lenovo is expected to deliver 7.4% on year growth in adjusted net profit in 2Q FY2026, driven by robust PC sales and improved profitability in its infrastructure business, UOB Kay Hian analysts say in a note. However, strong PC sales may be partly offset by sluggish smartphone sales amid intensifying overseas competition, while growth in the infrastructure segment likely slowed as China's AI server adoption remains constrained by supply bottlenecks, they add. Near-term profits should stay stable thanks to cost control, though rising memory prices -- likely to persist through 2026 due to supply shortage -- should weigh on longer-term profitability as Lenovo is unlikely to transfer full costs to consumers. UOB maintains a buy rating and HK$12.70 target price on the stock. H-shares last traded at HK$10.92. (jason.chau@wsj.com)

(END) Dow Jones Newswires

November 09, 2025 22:51 ET (03:51 GMT)

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(jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 09, 2025 22:51 ET (03:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lenovo Likely Faces Near-Term Earnings Boost, Longer-Term Memory Cost Pressure -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLenovo Likely Faces Near-Term Earnings Boost, Longer-Term Memory Cost Pressure -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-10 11:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0351 GMT - Lenovo is expected to deliver 7.4% on year growth in adjusted net profit in 2Q FY2026, driven by robust PC sales and improved profitability in its infrastructure business, UOB Kay Hian analysts say in a note. However, strong PC sales may be partly offset by sluggish smartphone sales amid intensifying overseas competition, while growth in the infrastructure segment likely slowed as China's AI server adoption remains constrained by supply bottlenecks, they add. Near-term profits should stay stable thanks to cost control, though rising memory prices -- likely to persist through 2026 due to supply shortage -- should weigh on longer-term profitability as Lenovo is unlikely to transfer full costs to consumers. UOB maintains a buy rating and HK$12.70 target price on the stock. H-shares last traded at HK$10.92. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 09, 2025 22:51 ET (03:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2152927971.USD","symbol_name":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2582845838","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582845838","pubTimestamp":1762746660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0351 GMT - Lenovo is expected to deliver 7.4% on year growth in adjusted net profit in 2Q FY2026, driven by robust PC sales and improved profitability in its infrastructure business, UOB Kay Hian analysts say in a note. 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However, strong PC sales may be partly offset by sluggish smartphone sales amid intensifying overseas competition, while growth in the infrastructure segment likely slowed as China's AI server adoption remains constrained by supply bottlenecks, they add. Near-term profits should stay stable thanks to cost control, though rising memory prices -- likely to persist through 2026 due to supply shortage -- should weigh on longer-term profitability as Lenovo is unlikely to transfer full costs to consumers. UOB maintains a buy rating and HK$12.70 target price on the stock. H-shares last traded at HK$10.92. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 09, 2025 22:51 ET (03:51 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}