Lenovo earnings date and guidance
Lenovo's next results are expected on November 19, 2026. For Lenovo, watch whether expanding revenue leaves more cash and profit for shareholders after components, factories and dilution.
What has Lenovo guided for the year ending March 2027?
Management first set the revenue goal alongside its May 2026 results. By August, chairman and chief executive Yang Yuanqing said the first-quarter momentum made the target achievable in the financial year ending March 2027. That is an acceleration of the timetable, not a detailed quarterly forecast.
The profitability goal runs on a different clock. Lenovo is working toward a net income margin above 5%, meaning the share of sales left for shareholders after expenses, financing costs and tax. At the intended scale, a five-per-cent margin would leave $5 billion in annual profit. The revenue and margin goals should therefore not be treated as a promise to arrive together.
Did Lenovo keep its past promise?
Lenovo also promised to double net margin by the end of FY2023/24. Net margin means net income kept from each dollar of revenue. The starting year produced about US$1.2 billion of net income on US$60.7 billion of revenue. FY2023/24 produced about US$1 billion on US$56.9 billion of revenue, leaving margins of roughly 2.0% and 1.8%. The promised result would have been about 4.0%, so Lenovo did not deliver it.
What is Lenovo's revenue and profit trend?
Cash provides the necessary check. Operating cash weakened, and free cash flow turned negative after capital spending and leases. At the same time, ISG reported a 9.1% operating margin, a striking improvement from its annual result. The quarter may mark a genuine operating turn, but the specialist needs to see that margin persist while customers pay and inventory converts.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26,942.766 | 21,588.33 | 22,204.334 | 20,452.022 | 18,829.869 | 16,983.538 | 18,796.28 | 17,850.094 |
| Operating income | 19.202 | 885.555 | 948.458 | 642.921 | 784.809 | 331.381 | 687.704 | 650.599 |
| Net income | -608.6 | 520.806 | 545.536 | 340.276 | 505.333 | 89.878 | 692.67 | 358.532 |
| EPS, diluted | -0.05 | 0.04 | 0.04 | 0.03 | 0.04 | 0.01 | 0.05 | 0.03 |
What this means. Lenovo's revenue includes its financial-services business, so it is not just money from selling computers and other products.
What should investors watch in Lenovo's next results?
The first checkpoint is November 19, 2026, when Lenovo’s board is due to consider results for the six months ended September 30 and an interim dividend. Investors should compare revenue and adjusted profit with cash collection, inventories and supplier obligations. The dividend will also show how management balances shareholder payments against expansion.