Lenovo Q3 Profit Drops 21% Despite Revenue Beat

Lenovo delivered mixed third-quarter results, placing the Lenovo story firmly in investor focus for 2026. Net profit declined 21% year-on-year to $546 million, yet revenue climbed 18% to $22.2 billion, beating analyst expectations. Strong artificial-intelligence demand supported sales, while restructuring costs pressured margins. Adjusted profit still rose 36% to $589 million, signaling underlying resilience.