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