Lenovo Group Limited (LNVGY) Q1 2027 Earnings Call Transcript

Hello, everyone, and thank you for joining us today. I'm pleased to share that the Lenovo has delivered the best quarter in our entire history. Record revenue, record adjusted profit and the record AR momentum. This once again validates our strategic focus and the strength of our execution. Powered by our hybrid AI strategy, operational excellence and relentless innovation, we are confident in sustaining this growth momentum and driving long-term profitability. Let's start with the group level. We delivered a record revenue of USD 26.9 billion, up 43% year-on-year. Adjusted net income exceeded the $1 billion milestone for the first time, up 176% year-on-year, with adjusted net margin significantly improved by almost 2 points year-on-year.