Lenovo India Q2 FY26 Earnings Results: Revenue Jumps 23% to $1.2 Billion on Digitisation and Strong Demand

Lenovo India delivered a strong performance in the September quarter, posting a 23% year-on-year revenue jump to $1.2 billion. The company said demand improved due to rising digitisation, premium product buying, and better consumer sentiment after the GST changes.

Lenovo India MD Shailendra Katyal said the company is benefiting from India’s growing position as a global hub for digital capability centres and enterprise transformation. He added that Lenovo’s broad product base and business strength are helping it lead in hybrid AI solutions.

Strong Growth Across All Business Groups

Katyal said Lenovo India witnessed strong demand in every category, as more customers, from retail buyers to MSMEs and large enterprises, adopted its AI-powered technology solutions. The company saw rising interest in premium devices and digital transformation tools.

Lenovo Group Posts Record Revenue Despite Lower Profit

At the global level, Lenovo Group recorded its highest-ever quarterly revenue at $20.5 billion, up 15% year-on-year. However, the Group’s net profit fell 5% to $340 million, mainly due to higher costs.

AI-related revenue played a major role this quarter, accounting for 30% of the Group’s total revenue, a 13% increase from last year.

AI Products Drive Strong Momentum

Lenovo said that high double-digit growth in AI servers and triple-digit growth in AI PCs, AI phones, and AI services boosted its overall performance.

CEO Yuanqing Yang said the company is tapping into the global rise of AI adoption. He added that Lenovo is focused on making AI more personalised for both individuals and enterprises while continuing to deliver strong long-term returns.

Performance of Key Business Divisions

Intelligent Devices Group (IDG)

• Revenue: $15.1 billion, up nearly 12%
• Global PC market share increased to 25.6%
• AI PCs formed 33% of Lenovo’s total PC shipments

Infrastructure Solutions Group (ISG)

• Revenue: $4.1 billion, up 24%
• Key driver of Lenovo’s hybrid infrastructure strategy

Solutions and Services Group (SSG)

• Revenue: $2.6 billion, up 18%
• Support services delivered strong double-digit growth

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Conclusion

Lenovo India’s strong Q2 performance reflects India’s fast digital adoption and rising demand for AI-driven solutions. With the global business also seeing record revenue powered by rapid growth in AI servers, PCs, and services, Lenovo is well-positioned to capture upcoming hybrid AI opportunities and expand its leadership in both consumer and enterprise markets.

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