Lenovo targets 5% to 8% net margin as AI growth lifts shares

Verifying
  • Winston Cheng said Lenovo targets a long-term net margin of 5% to 8%.
  • Lenovo reported $26.94 billion in quarterly revenue and $1.075 billion in adjusted net profit.
  • Lenovo’s AI server backlog rose from CNY 140 billion to CNY 360 billion.
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