On August 14, LENOVO GROUP rose 3.21% in regular trading, trading at HK$36.06/share with turnover of HK$3.021 billion, extending gains following a 20% surge the previous session after the company reported record-breaking fiscal first-quarter results.

The continued upward momentum is driven by the company's Q1 FY2026/27 earnings released on August 13, which massively exceeded market expectations. Revenue surged 43% year-over-year to US$26.94 billion, far above the consensus estimate of US$22.42 billion. Adjusted net profit soared 176% to US$1.075 billion, marking the first time it surpassed the US$1 billion threshold. AI-related revenue grew 60% year-over-year, accounting for 35% of total group revenue. The Infrastructure Solutions Group recorded near-doubling revenue growth, with AI server order backlog reaching US$54 billion, up 157% quarter-over-quarter.

Goldman Sachs and Citi both maintained Buy ratings, with Goldman noting results exceeded both its own and consensus estimates by over 20% on revenue and nearly 70% on adjusted profit. CEO Yang Yuanqing expressed confidence in achieving US$100 billion in annual revenue within the current fiscal year.

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