Lenovo Q4 revenue tops estimates on strong PC sales, shares jump 15%

This article was published on May 22, 2026 $21.6bn quarter, AI revenue nearly doubles, full year crowned the best in the company’s history. Lenovo posted Q4 revenue of $21.6bn, up 27% year-on-year and roughly $2.2bn ahead of consensus, sending shares up about 15% on Friday in Hong Kong. Net profit attributable to shareholders jumped 479% to $521m, almost double the $271m analysts had penciled in, according to data compiled by CNBC. The PC business, long the spine of the company, did most of the work. Lenovo’s Intelligent Devices Group reported a 26% rise in PC and smart-device revenue, with shipments up 9% to 16.5 million units. That gave Lenovo a 26% global market share for the quarter, a five-year high. The PC cycle has turned in 2026 on a combination of an enterprise refresh, the end-of-life of Windows 10 in commercial fleets, and the early rollout of AI-capable Copilot+ devices. The AI business is the part of the print that markets reacted to. AI-related revenue grew 84% in the fourth quarter and accounted for 38% of group revenue, according to CNBC. Lenovo’s Infrastructure Solutions Group, which sells the server hardware that underpins large enterprise and cloud AI deployments