Lenovo (0992.HK) Q3 Profit Fell; Revenue Up; Shares Drop

Lenovo Group (0992.HK) reported Q3 net profit down 13.2% to HK$1.89 billion, while revenue rose 2.1% to HK$36.4 billion, on February 12, 2026. The decline in profit followed a strategic pivot toward higher-margin services and AI, which contributed to lower hardware margins. Share price fell 2.4% in Hong Kong trading after the report. Key drivers included stronger sales in North America and a 14.7% rise in server shipments.