LENOVO GROUP (00992) rose more than 7% during the trading session, reaching a record high of HK$13.46. At the time of writing, the stock was up 6.38% at HK$13.34, with a turnover of HK$15.72 billion.

A recent research report from CLSA indicated that it estimates LENOVO GROUP's adjusted net profit for the fourth fiscal quarter ending March this year will be 20% higher than market expectations. The report anticipates that the server business will turn profitable, supported by strong demand and successful procurement of memory and CPUs. Meanwhile, personal computer shipments are expected to increase by 8.7% year-on-year, with the gross margin for this business remaining stable.

According to CLSA's forecast, LENOVO GROUP's adjusted net profit for the fourth fiscal quarter will reach US$377 million, a 36% increase year-on-year. Revenue for the Infrastructure Solutions Group (ISG), which includes the server business, is projected to grow 45% year-on-year and 15% quarter-on-quarter to US$6 billion.

It is worth noting that on April 1 this year, LENOVO GROUP Chairman and CEO Yang Yuanqing set a new target at the company's new fiscal year kick-off meeting: the company aims to achieve revenue exceeding US$100 billion in two years and transform into an AI-native company.

LENOVO GROUP's financial report shows that for the first three quarters of the 2025/26 fiscal year, the company's revenue reached RMB 440 billion, an 18% increase year-on-year, while adjusted net profit exceeded RMB 10 billion, growing 28%. For the full fiscal year performance, Yang Yuanqing expects revenue to reach approximately RMB 560 billion.