Lenovo reported staggering Q3 results, with net profit surging 108% to $505 million and revenue climbing 22% to $18.8 billion, far exceeding analyst expectations. The PC giant expanded its global dominance, achieving a 24.6% market share—its highest ever—with 15 consecutive quarters of growth. Over 30% of shipped PCs are now AI-capable, and its smartphone division, Motorola, outperformed the market for eight straight quarters. Despite these milestones, shares plummeted 5.7% in Hong Kong, likely due to profit-taking after a strong rally and concerns over heavy AI infrastructure investments.
Geopolitical Resilience Amid Trade Tensions
The company thrived despite ongoing U.S.-China trade tensions, including 30% tariffs on Chinese tech exports. Its earnings per share nearly doubled to $3.65, underscoring robust demand for its hybrid AI strategy. While the stock dip raises questions about overvaluation, leadership remains bullish, highlighting a diversified business model (47% non-PC revenue) and a packed AI pipeline. Investors now weigh whether the decline presents a buying opportunity or signals overheated expectations.
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