Lenovo Group
ConvictionContext
Vertically-integrated hardware OEM/ODM hybrid: designs+builds PCs, smartphones (Motorola), workstations, servers/storage (ISG) and sells attached solutions & managed/as-a-service offerings (SSG). Revenue is overwhelmingly hardware (high-volume, low-margin) with a growing recurring-services mix.
Revenue
$83.1BFY2025/26, ended 31 Mar 2026Rev growth
+20% YoYfirst year above $80BGross margin
~16%approx; historical Lenovo range, FY25/26 exact not captured in sourcesOp margin
~3.9% blendedFY operating profit $3.26B / $83.1B revenue, +51% YoY; Q4 adjusted operating margin 3.86%, up from 2.83% PYCapex intensity
~1% of revenueasset-light ODM/OEM-hybrid manufacturing; not precisely capturedMarket cap
~$32.5B USDHKEX: 0992, ~HK$254B, 6-7 Jul 2026); also trades OTC US as ADR LNVGYThe read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Lenovo Group
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence