The Mobile World Congress Shanghai 2026 (MWC 26 Shanghai) that opened on June 24th has signaled a queue for AI server orders. According to market sources, a staff member from Lenovo Group stated that the value of server orders awaiting delivery is approximately 150 billion yuan, with current products in short supply. It is anticipated that the strong demand for AI servers will persist for some time.

The individual mentioned that Lenovo's servers are developed in collaboration with domestic GPU and CPU manufacturers. Currently, the demand for servers in the domestic IT innovation market is substantial, but tight chip supply is leading to a significant backlog of orders.

As disclosed in Lenovo Group's fourth-quarter financial report released in late May, the AI server order backlog was around 140 billion yuan, representing a 50% year-on-year increase. This latest market information indicates that AI server orders continue to flow into Lenovo Group, suggesting that related demand remains high. As these orders are progressively fulfilled, the contribution of Lenovo's Infrastructure Solutions Group (ISG) business to the company's revenue and profit growth is expected to become more pronounced.

During MWC 26 Shanghai, Lenovo Group showcased its comprehensive Wanquan Intelligent Computing solution to the market. This solution includes the Wanquan Heterogeneous Intelligent Computing Platform V5.0 and the Super Node Computing Power Solution. On June 24th, Chen Zhenkuan, Vice President of Lenovo Group and General Manager of the China Infrastructure Business Group, publicly stated that Lenovo ISG China aims to achieve a revenue target of 100 billion yuan by 2027, targeting the top position in China's server market.

Lenovo Group previously released its performance outlook for the ISG business in the first quarter of the 2026/27 fiscal year, with related indicators exceeding market expectations. ISG revenue is projected to be approximately $6.1 billion, an increase of over 40% year-on-year. The operating profit margin is expected to reach 3.4%, an improvement of 5.4 percentage points compared to the same period last year.