From Financial Modeling Prep: 2025-02-20 02:37:22

Chinese tech giant Lenovo exceeded analyst expectations with a 20% revenue increase in Q3 2024, reaching $18.8B. The company’s net profit of $693M surpassed expectations, with a PC market share of 24.5%. Global PC shipments grew by 1.8% in Q4 2024, driving Lenovo’s growth.

Lenovo’s growth drivers include the launch of AI-powered PCs, with AI models projected to reach 25% of shipments by 2025. The company is expanding into AI server and software integration, partnering with DeepSeek. Lenovo’s diversification strategy focuses on software and services beyond its core PC business.

CEO Yang Yuanqing predicts that AI PCs will make up 80% of Lenovo’s shipments by 2027, reshaping its competitive edge in the rebounding PC market. With AI-driven innovation and market stabilization, Lenovo is well-positioned for sustained growth. Stay updated on Lenovo’s performance with the Earnings Calendar API and analyze key metrics with the Key Metrics API.



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