Lenovo Q1 Revenue Surges 43% on AI Infrastructure Demand, Shares Hit Record High

Lenovo Group reported first-quarter fiscal year revenue that beat analyst expectations and rose 43% year over year, the company's highest-ever quarterly revenue, driven by surging demand for artificial intelligence infrastructure alongside a resilient personal-computer business. Shares rallied nearly 20% in Hong Kong trading to reach an all-time record high, with the stock up more than 200% since the start of 2026. The strong results, which renewed broader investor optimism around AI hardware spending, were powered by Lenovo's Infrastructure Solutions Group and its dominant PC franchise, which has held up despite concerns about tariff-related pull-forward demand earlier in the calendar year.