Caitong Securities reviews Lenovo's Q2 performance: AI PC accelerates penetration and maintains a "buy" rating.

On November 20th, Lenovo Group announced the performance of the second quarter of the 2025/26 fiscal year ending on September 30, 2025: revenue for the quarter increased by 15% year-on-year to 146.4 billion yuan, reaching a new high for the quarter. Adjusted net profit increased by 25% year-on-year to 3.66 billion yuan.