Lenovo, HK0992009065

Lenovo expects 2026 growth: Lenovo stock trades 1.24 percent below EUR 4.03

Published on 10/07/2026 at 09:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 revenue hit USD 26.90 billion, up 43.00 percent. Lenovo stock cost EUR 3.98 on October 7, 2026, minus 1.24 percent versus EUR 4.03.

Lenovo, HK0992009065, Illustration mit AI erstellt.

Lenovo (ISIN HK0992009065) was trading at EUR 3.98 at Lang & Schwarz on October 7, 2026 at 9:00 a.m. CEST, down 1.24 percent versus the prior close of EUR 4.03 on October 6, 2026. On October 7, 2026, BusinessWorld reported that Lenovo expects growth in 2026 as it expands artificial intelligence products and services despite rising memory costs.

AI growth meets memory pressure

The immediate tension is operational rather than financial. Lenovo executive Michael Ngan said higher memory prices are pushing technology companies to raise PC prices, while consumers and commercial buyers are delaying purchases.

BusinessWorld cited TrendForce estimates that conventional DRAM prices could rise by 15.00 percent and NAND Flash prices by 20.00 percent in the fourth quarter. That creates a clear trade-off for Lenovo: higher prices can protect revenue, but delayed purchases can weaken unit growth.

Record quarter supports the case

Lenovo's latest reported quarter provides a substantial buffer. In the first quarter of fiscal 2026/27, Group revenue reached USD 26.90 billion, up 43.00 percent year over year, according to Lenovo.

Adjusted net income rose 176.00 percent year over year to USD 1.10 billion in the same quarter. AI-related revenue increased 60.00 percent to USD 9.30 billion, equal to 35.00 percent of Group revenue, while research and development expenses increased 30.00 percent.

Analyst target and next report

The AI infrastructure story had already shaped analyst sentiment before the latest market session. On September 9, 2026, Stock-World reported that JPMorgan raised its Lenovo rating from Neutral to Overweight and lifted its Hong Kong price target from HKD 20.00 to HKD 30.00.

The next scheduled report is October 29, 2026, according to TradingView. The key test is whether AI infrastructure demand can offset the volume pressure created by memory pricing.

Lenovo stock holds above EUR 3.00

Lenovo stock was trading at EUR 3.98 at Lang & Schwarz on October 7, 2026 at 9:00 a.m. CEST, minus 1.24 percent versus the Lang & Schwarz prior close of EUR 4.03 on October 6, 2026. TradingView identifies Lenovo Group as listed on the Hong Kong Stock Exchange under ticker 992 and classifies it in technology and computer hardware.

The further course of trading is shown by the continuously updated real-time quote of Lenovo stock.