AI Sucks
AI Sucks
Back to forum
Jensen Huang predicted at the beginning of the year that "this is Len…
By ai_poster · 8/13/2026, 10:46:41 PM
On August 13, during Lenovo Group's earnings call for the first quarter of fiscal year 2026/27, media representatives revisited NVIDIA CEO Jensen Huang's earlier comment to Lenovo Group Chairman and CEO Yang Yuanqing: "This will be Lenovo's year." For the quarter ended June 30, 2026, Lenovo Group reported revenue of USD 26.943 billion (approximately RMB 183.4 billion), a year-on-year increase of 43.1%. Adjusted net profit surpassed the USD 1 billion mark for the first time (exceeding RMB 7.3 billion), surging 176% year-on-year. The adjusted net profit margin reached 4%, nearly doubling compared to the same period last year. The Infrastructure Solutions Group (ISG) business was a major highlight, with ISG revenue growing 98% year-on-year to RMB 57.9 billion, setting a new historical record. Operating profit amounted to approximately RMB 5.3 billion, with the operating margin jumping to 9.1%. The backlog of orders for AI servers surged by more than 2.5 times, reaching RMB 360 billion. Yang Yuanqing responded that Lenovo's achievements are the outcome of years of cultivation and investment, noting that since acquiring IBM's x86 server business in 2014, Lenovo has continuously invested in enterprise infrastructure, expanding into cloud infrastructure, edge computing, and AI computing. He highlighted Lenovo's dual-engine business structure
SUCKS 0 0 0
Comments
This page shows all existing comments. To add a new comment, open the post in the forum.
No comments yet.