Lenovo Group announced its financial results for the third quarter of FY2025/26 and held a media briefing on the afternoon of February 12.

During the meeting, Yang Yuanqing, Chairman and CEO of Lenovo Group, stated that the previous quarter presented significant challenges for hardware equipment manufacturers, including his own company. He highlighted that the increase in memory prices, in particular, created substantial pressure.

Yang Yuanqing indicated that these challenges are ongoing. He revealed that memory prices rose by 40-50% last quarter compared to the quarter before and suggested the situation could intensify further. He projected that memory prices might potentially double. He added that the price increases are not limited to memory but also include SSDs and even CPUs, creating considerable difficulties for the industry.

However, Yang Yuanqing also emphasized that Lenovo is not daunted by such challenges and has a history of turning them into opportunities. He recalled that at the beginning of last year, there were widespread concerns about how market changes would significantly impact the company. In reality, Lenovo leveraged its global operational capabilities effectively and successfully navigated through the cycle.