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China's Lenovo profit drops 21% even as revenue climbs 18%, flags memory shortage pressure

  • Digitimes faviconDigitimes

    Feb 12, 2026, 3:10 am185 ptsTrendingTop
    photo of China's Lenovo profit drops 21% even as revenue climbs 18%, flags memory shortage pressure imageLenovo Group reported a 21% decline in third-quarter profit but exceeded analyst expectations as strong revenue growth, driven by artificial intelligence (AI) demand, helped offset margin pressures. The company also warned of mounting pressure on PC shipments due to a worsening memory-chip shortage.
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