Lenovo Group said its first quarter revenue reached a record high despite ongoing challenges from US tariff policies, as the world’s largest personal computer (PC) maker pushes for the use of AI in both its consumer and enterprise products.
Revenue for the three months ended June rose 22 per cent year on year to US$18.8 billion – a record high for a first quarter – while profits advanced by the same percentage to US$389 million, the company said on Thursday.
Lenovo recorded double-digit year-on-year revenue growth across all of its main businesses partly due to the “resilience and flexibility” of its supply chain, which allowed it to “overcome challenges brought by tariff volatility and the geopolitical landscape”, chairman and CEO Yang Yuanqing said.
But the company had more than 30 manufacturing facilities in 11 markets globally, senior vice-president and chief financial officer Winston Cheng said in a media briefing on Thursday.
Diversified manufacturing locations allowed it to deliver products locally and gave it “a lot of advantage”, although Lenovo was “worried about uncertainties and quick changes”, Yang had said in May.
