Lenovo Beats Estimates With AI Helping PC Sales Rebound
- Electronics maker sees constraints in supply of AI GPUs
- PC market has rebounded from a prolonged slump this year
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Lenovo Group Ltd. reported a third successive quarter of better-than-expected profit as the company exited a nadir for PC and server demand.
The world’s leading PC maker more than doubled net income for the March quarter to $248 million, beating the $158.4 million average of analyst estimates, after taking into account one-time gains from items such as options and investment value changes. Sales in the period were $13.8 billion, also above the expected $13.1 billion.