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Lenovo Stock Doubles in May on AI Server Boom—Best Month in 27 Years
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★ Tier-1 Source
Lenovo's stock surged as much as 31% on Friday and has now gained 109% in May—its best monthly performance since 1999.
Key facts
- On Thursday, Dell Technologies reported Q1 FY2027 revenue of $43.84 billion, up 88% year-on-year, and raised its full-year AI server revenue guidance to $60 billion
- Net profit hit $521 million, up 479% from $90 million a year earlier
- The Intelligent Devices Group posted $14.6 billion in Q4 revenue, up 24% year-on-year, with Lenovo holding a 24.4% global PC market share—the widest lead over its nearest rival in 15 years
- CEO Yuanqing Yang called FY2026 the best year in Lenovo's 40-year history and set a target of $100 billion in annual revenue within two years
Summary
The announcement happens after Q4 revenue hit a record $21.6 billion, up 27% year-on-year, with net profit surging 479% to $521 million. AI-related revenue grew 84% year-on-year to make up 38% of Lenovo's total quarterly sales, driven by its Infrastructure Solutions Group, which posted record quarterly revenue of $5.6 billion. Shares of the world's largest PC maker have more than doubled this month, making it the top performer on the Hang Seng Index year-to-date, up 159%. The rally wasn't random.