Lenovo Reports Record $26.9B Revenue as AI Demand Surges

Key Facts

1Lenovo achieved a record $26.9 billion in quarterly revenue, with AI-related business now accounting for more than a third of total sales.

2AI data center demand is causing memory scarcity and pushing laptop prices up by as much as 60%.

Lenovo achieved record quarterly revenue of $26.9 billion, with AI-related business now accounting for more than a third of total sales, After Earnings reported. The surge is driven by massive demand for AI data centers and AI-integrated PCs.

The demand for AI data centers is causing memory scarcity, which has pushed laptop prices up by as much as 60%. In equity markets, Lenovo stock (0992.HK) closed at 28.06 HKD on October 16, 2026.