Lenovo Q4 revenue tops estimates on strong PC sales; shares jump 15%
The Chinese firm's PC, tablet and smartphone division - its biggest revenue source - reported a 24% increase in revenue in the quarter that ended in March, the highest quarterly growth rate in five years.
Its strong performance comes after the company warned earlier of pressure on PC shipments as the industry grapples with a memory chip shortage that is getting more severe. It has also raised PC prices to mitigate the impact of soaring memory costs.
Global PC shipments rose 3.2% in the first quarter of 2026 to 63.3 million units and Lenovo's shipments jumped 9% to 16.5 million units, giving it a 26% market share, according to Counterpoint Research.
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Counterpoint Research is a global industry and market research firm providing market data, intelligence, thought leadership and consulting across the technology ecosystem. We advise a diverse range of global clients spanning the supply chain – from chipmakers, component suppliers, manufacturers and software and application developers to service providers, channel players and investors. Our veteran team of analysts serve these clients through our offices located across the key innovation hubs, manufacturing clusters and commercial centers globally. Our analysts consistently engage with C-suite through to strategy, market intelligence, supply chain, R&D, product management, marketing, sales and others across the organization. Counterpoint’s key coverage areas: AI, Automotive, Cloud, Connectivity, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks & Infra, Semiconductors, Smartphones and Wearables.