Get Quartz in your inbox

Free daily briefing on global business news.

Lenovo's adjusted profit surged past expectations on AI hardware demand

The Chinese PC maker posted record quarterly revenue of $26.9 billion, far exceeding analyst expectations of $22.3 billion

SOPA Images / Getty Images

Lenovo reported first-quarter results on Thursday showing adjusted net income of $1.1 billion, up 176% from a year earlier, as demand for AI computers and servers drove the company's revenue to an all-time quarterly high.

For the quarter ended June 30, Lenovo's total revenue climbed to $26.9 billion, a 43% year-on-year increase that left the analyst consensus of $22.3 billion well........

© Quartz