As we conclude another successful fiscal year, I am proud to reflect on the significant strides we’ve made in advancing our vision of Smarter AI for All, while delivering strong performance and relentless innovation. Celebrating 20 years of going global and entering the fifth decade of our journey, we are uniquely well positioned to harness the transformative power of AI and pursue a new era of growth.
One of Lenovo’s Best Years Ever
I am pleased to report that Lenovo just concluded one of the best years in our history. Despite global political and economic turbulence, we achieved substantial revenue growth and increased profit significantly year on year. Even more, we strengthened our commitment to innovation and kept raising the bar for operational excellence.
Our smart devices business continued to lead the global PC market with increased competitive advantage and expanded rapidly and profitably in the global smartphone market. Our smart infrastructure business delivered hypergrowth, achieved breakeven in the second half of the fiscal year, and is now turning into a sustainably profitable business, driven by strong growth in both cloud service provider segment and enterprise/ SMB segment. Additionally, our solutions and services business delivered high growth and high profitability, building new horizontal and vertical AI solutions while unleashing Lenovo Hybrid AI Advantage.
Key to these successes is our commitment to operational excellence, notably our unique ODM+ model, combining in-house manufacturing with outsourced production to give us cost competitiveness and better customization. It also allows us to learn from industry best practices and adopt the most advanced technologies and processes. Our distinctive Global/Local model leverages global resources in capital, talent, supply chain, manufacturing as well as research and development, while delivering the last mile of local sales, marketing, fulfillment, and services to customers in 180 markets. This model helps drive higher customer satisfaction, robust compliance, deep community engagement, and more secure and resilient operations.
Another critical factor behind our successful year is our increased investment in innovation with a clear focus on hybrid AI. In personal AI, Lenovo is already leading the global AI PC race, introducing advanced AI agents and innovative form factors that wowed the industry. In enterprise AI, we have launched AI servers and continued to lead the market with our Neptune liquid cooling solutions. And Lenovo’s Hybrid AI Advantage combines hybrid infrastructure, model factory, and agent platform with AI services and applications to deliver value to enterprise customers.
Embracing Lenovo’s AI Decade
Looking ahead, I believe our fifth decade will be Lenovo’s AI decade.
Lenovo remains committed to a future defined by hybrid AI — integrating public, personal, and enterprise AI to meet customer needs in terms of effectiveness, efficiency, responsiveness, security and privacy protection, and sustainability.
Our milestone AI PC product has transformed personal computing into personalized AI. And the upcoming generation will soon feature significantly improved ondevice AI inferencing capabilities. But we don’t stop here. We are driving the next level of breakthroughs with personal super AI agent, which features new capabilities in perception and interaction, cognition and decisions, and autonomy and evolution, creating a secure and private AI experience for users and taking them one step closer to personal AI twins.
In enterprise AI, Lenovo continues expanding hybrid infrastructure by combining client devices, edge computing, networks, and hybrid cloud environments. This structure streamlines data collection, storage, processing, and deployment of trained AI models. Utilizing enterprise data, Lenovo develops functional and vertical solutions through our model factory and agent platform. When we put all these capabilities together, and meet the requirements of security, compliance and AI governance, we now have Lenovo Hybrid AI Advantage. By fully unleashing the capabilities built under Lenovo Hybrid AI Advantage, Lenovo has a mission of building a variety of AI applications — or “domain AI agents” — for all types of enterprises and organizations. And collectively, all these domain AI agents within an enterprise will form an enterprise super AI agent. Furthermore, we are building enterprise super AI agents, either as digital assistants or robots, to command domain AI agents to access enterprise knowledge, perform reasoning, orchestrate tasks and proactively execute jobs, thus making enterprise AI twins a much closer reality.
New Partnerships, Bigger Opportunities
Adding to this excitement are our new partnerships.
Lenovo’s recently announced Alat partnership is opening doors for us to pursue growth in Saudi Arabia and the Middle East/Africa region, while expanding our global footprint and adding resilience into our supply chain.
Even more, built upon the success with our F1 partnership, Lenovo is now the official technology partner for FIFA. Between F1 and FIFA, Lenovo powers the most technologically advanced and popular sports in the entire world — the perfect opportunity to show the world what our technology and solutions can do.
This is a truly exciting time for Lenovo. Twenty years after our first step of going global, we have built a unique model that has proven to work at uncertain times. It will guide to navigate any contextual challenges. With our operational excellence, commitment to innovation, and diverse and unified One Lenovo team around the world, I am confident that our best days are yet to come, and we will turn our vision into reality.
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Read Lenovo’s FY2024/25 Annual Report: click here
