Lenovo’s AI business revenue doubles, sending shares up 15%

Lenovo posted record annual results, with quarterly revenue up 27% to $21.6 billion and net income rising sharply.

AI-related sales jumped 84% and now account for more than one-third of total revenue, underscoring AI as a key growth engine.

The company’s hybrid AI strategy is helping lift profits, market share, and investor confidence.

After the earnings report, Lenovo shares rose more than 15% as it reiterated a goal of $100 billion in annual sales within two years.