Introduction
Lenovo, founded in 1984 and headquartered in Beijing/Hong Kong, is a global leader in technology infrastructure and smart computing. Led by Chairman/CEO Yang Yuanqing and supported by ~69,500 employees, Lenovo posted record revenue of over $69 billion in 2024/25, powered by its AI-driven strategy. From PCs to servers and solutions, Lenovo balances innovation with operational excellence to deliver “Smarter AI for All.”
History & Milestone
1984: Founded as Legend.
2005: Acquired IBM’s PC division, gaining ThinkPad and global reach .
2013: Became the world’s largest PC vendor by unit sales .
2024/25: Achieved second-highest-ever annual revenue; launched AI-powered devices and infrastructure .
Product & Services
Intelligent Devices: ThinkPad, IdeaPad PCs, laptops, smartphones, tablets .
Infrastructure: Servers, workstations, data solutions (ISG).
Solutions & Services: Cloud, AI solutions, managed services (SSG).
AI Devices: AI PCs, smart devices under Hybrid AI initiative .
Business Model & Strategy
Lenovo earns revenue through hardware sales (PCs, smartphones, infrastructure) and growing high-margin services and AI solutions. Its Hybrid AI approach combines personal AI devices, infrastructure, and enterprise services to diversify income sources and drive innovation .
Market Presence & Financials
Operating globally—including Asia, Europe, Americas—Lenovo leads with ~24% share in the global PC market. In Q3 2025, revenue rose 20% to $18.8B, and net profit reached $693M . Its Infrastructure business surged 63%, while Solutions & Services grew steadily .
Leadership & Culture
Led by Yang Yuanqing, Lenovo promotes agility, operational excellence, and innovation. The company rotates senior executives across global hubs, fostering multicultural leadership and reinforcing a culture of resilience and forward-thinking execution .
Controversies & Challenges
Profit dip in Q4 2025: Net profit declined 64% due to non-cash warrant valuation losses, though full-year results remained strong .
Tariff pressures: U.S.–China trade tensions impacted margins; Lenovo’s diversified manufacturing across 11 countries helped mitigate risks .
Future Outlook
Lenovo aims to expand its AI-driven ecosystem—pushing Hybrid AI from devices to enterprise. With investments in R&D and infrastructure, the company plans to increase AI PC share to 25% of shipments in 2025 and 80% by 2027 .