lenovo group has officially announced its full-year and fourth-quarter results for the 2025/2026 fiscal year: full-year revenue reached us$83.075 billion, up 20% year over year; net profit attributable to shareholders surged to us$1.912 billion, an impressive increase of 38%; operating cash flow grew strongly by 74%, reaching us$4.024 billion, highlighting the company’s exceptional ability to generate internal funds.
notably, the full-year gross margin was 15.4%, a slight decrease of 0.7 percentage points compared to the previous year; the debt-to-asset ratio rose to 83.48%, reflecting a temporary adjustment in leverage strategy. meanwhile, the fourth quarter (january–march 2026) delivered particularly strong performance: quarterly revenue totaled us$21.588 billion, up 27% year over year; gross profit reached us$3.539 billion, also growing 27% year over year; the gross margin remained steady at 16.4%, unchanged from the same period last year; net profit attributable to shareholders soared to us$521 million, a remarkable 479% increase year over year; and basic earnings per share hit 4.32 cents, marking a new quarterly high in recent years.
this better-than-expected finish underscores lenovo’s significant achievements in upgrading its product mix, implementing its premiumization strategy, and enhancing operational efficiency. although short-term gross margins are under pressure, the explosive growth in profitability sends a strong signal of improving earnings quality and accelerating strategic transformation, laying a solid foundation for high-quality development in the next fiscal year.
