Lenovo's third-quarter revenue jumps 20% as PC industry recovers
Lenovo reported a 20% rise in third-quarter revenue on Thursday, as the global personal computer industry showed modest signs of recovery.
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Lenovo, the world's largest PC maker, reported revenue of $18.8 billion for the quarter ended December 31. That exceeded analysts' expectations of $17.82 billion, LSEG data showed.
The company's net profit came in at $693 million, against analysts' estimate of $367.7 million.
The global PC market is still facing uncertainty following a post-pandemic slump, with shipments growing by a modest 1.8% during the fourth quarter of 2024, according to research group IDC.
Lenovo maintained its position as the largest PC vendor for the reported quarter, capturing a 24.5% market share with shipments growing by 4.8%, IDC data showed.
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