Lenovo Group has reached a record high in the 2026 Fortune Global 500 list, reflecting its strong financial performance and strategic pivot to AI.
The 2026 Fortune Global 500 ranking was officially released on July 28, with Lenovo Group securing the 153rd position. This marks a significant leap of 43 places from the previous year, surpassing the company's previous best of 159th place in 2021 and setting a new all-time record. As a key benchmark for major global enterprises, the Fortune Global 500 not only indicates business scale but also reflects the evolving landscape of worldwide industries. Since its first inclusion in 2008, Lenovo Group has maintained a continuous presence on this prestigious list for many years. This year's historic ranking not only breaks the company's own record but also stands as a major milestone in its two-decade-long global expansion, transitioning from a PC leader to a key player in the global AI ecosystem through its hybrid AI strategy.
Record Financial Results Fuel Growth
Lenovo Group's improved ranking on the Fortune Global 500 is ultimately supported by its operational results. The company has established a new growth structure driven by smart devices, infrastructure, and solution services. The smart devices business maintains its global leadership, the infrastructure business has achieved profitability, and the solution services business continues to enhance its profit margins. The synergy among these three sectors diversifies Lenovo Group's growth drivers and strengthens its ability to navigate market cycles. In the fiscal year 2025/26, Lenovo Group reported full-year revenue of 589.9 billion yuan, a 20.3% year-on-year increase, surpassing the 500 billion yuan mark for the first time. Adjusted net profit grew by 42.1% year-on-year, roughly double the revenue growth rate, also reaching a historic high. All three business groups achieved double-digit revenue growth, with the Infrastructure Solutions Group (ISG) turning profitable for the full year, delivering the company's best-ever annual results.
More notable than the scale of operations is the ongoing optimization of the growth structure. With revenue approaching 600 billion yuan, profit growth outpacing revenue, and all three businesses expanding, Lenovo Group is cultivating a more balanced and resilient growth system, highlighting the characteristics of high-quality growth. The key driver of this change is AI. In the fiscal year 2025/26, Lenovo Group's AI-related revenue surged 105% year-on-year, and in the fourth fiscal quarter, AI-related revenue accounted for 38% of total revenue. AI is no longer just a future strategic focus but has become a significant engine driving the company's growth. The increasing share of AI revenue indicates that AI is entering a phase of large-scale commercialization. Based on three growth engines—AI terminals, AI infrastructure, and AI services—Lenovo Group outlined medium-to-long-term financial goals at a recent investor day: achieving $100 billion in revenue and a net profit margin of over 3% within the next one to two years, and reaching $130 billion in revenue with a net profit margin exceeding 5% within three to five years. The company aims to drive simultaneous growth in scale and profitability by expanding the proportion of high-value businesses and improving operational efficiency.
The capital market is also optimistic about Lenovo Group's future potential. Morgan Stanley recently gave Lenovo Group an "overweight" rating and a target price of 30 Hong Kong dollars, implying approximately 40% upside. CLSA believes that Lenovo Group's AI server business, driven by new demand from US cloud customers, could lead to ISG revenue and profitability exceeding market expectations. They have raised their net profit forecasts for FY27 and FY28 by 20% and increased the target price from 30 Hong Kong dollars to 36 Hong Kong dollars, maintaining an "outperform" rating and naming Lenovo Group as a top pick in the Chinese technology sector.
World Cup Validates Lenovo's Hybrid AI Capabilities
While financial data demonstrates the commercial value of Lenovo Group's AI transformation, the 2026 FIFA World Cup served as a real-time global test of its technical capabilities and global delivery. As an official FIFA technology partner, Lenovo Group provided end-user devices, underlying infrastructure, technical operations services, customized solutions, and various AI innovations for the tournament. During the event, Lenovo Group coordinated the deployment and operation of over 25,000 Lenovo and Motorola devices, dispatched more than 350 engineers and technical operations experts, and staffed over 600 FIFA operational sites, ensuring stable support for this global top-tier event spanning three countries, 16 cities, and 104 matches.
Lenovo Group is not the star of the show on the pitch but a "technology co-builder" deeply embedded in the event's foundation. The FIFA AI Pro, a football AI super agent co-developed by Lenovo Group and FIFA, was made available to all 48 participating teams. This platform can access millions of match data points and analyze over 2,000 match indicators, quickly generating tactical references using professional analysis reports, visual charts, match clips, and immersive 3D field restorations. Lenovo Group's self-developed Referee-Cam AI video enhancement system uses AI image stabilization algorithms to optimize high-speed dynamic footage from cameras worn by referees, outputting smooth, broadcast-quality real-time video that allows viewers to experience the game from the referee's perspective. Additionally, during the event's preparation phase, Lenovo Group created high-precision 3D digital avatars for all 1,263 participating players. These models, generated from 3D body scans and advanced AI algorithms, were used for semi-automated offside technology replay displays, providing referees with complete decision-making references and helping global audiences understand offside rulings visually. Behind the scenes, Lenovo Group's intelligent command center served as a core module of FIFA's Tournament Operations Center (TOC), integrating data from over 40 FIFA business units to assist the operations team in managing key functions like venue management, security, ticketing, infrastructure, logistics, and media communications.
It is important to note that Lenovo Group's role in the World Cup is not that of a central protagonist but a "technology co-builder" deeply embedded in the event's operational base. This signifies that the participation of Chinese technology companies in global top-tier sports events is moving beyond brand sponsorship and equipment provision towards core technology and system co-construction. More importantly, the World Cup is not the endpoint for these AI capabilities. These technical solutions, derived from Lenovo Group's R&D and smart manufacturing practices, underwent extreme validation during the tournament. They are expected to be further consolidated into replicable products and solutions, feeding back into industries like smart manufacturing, supply chain management, and smart cities, driving the industrialization and large-scale application of AI technology.
Long-Term Strategy Drives Lenovo Towards a New Value Phase
Lenovo Group's historic high ranking on the Fortune Global 500 is not a one-year achievement but a result of its over two decades of global development. As one of the earliest Chinese technology companies to go global, Lenovo Group operates in 180 markets worldwide, with a global operational system encompassing R&D, manufacturing, supply chain, sales, and services. It has demonstrated consistent business resilience in a complex international environment. Currently, Lenovo Group has over 30 self-operated or cooperative manufacturing bases in more than 10 markets, over 2,000 first-tier suppliers, and processes more than 10 million order lines annually. When a region faces supply constraints, logistical disruptions, or policy changes, Lenovo Group can quickly compensate through other nodes, enhancing the stability and resilience of global delivery.
Furthermore, Lenovo Group's global capabilities are built on a foundation of long-term governance and sustainable development. Recently, Lenovo Group released its 20th consecutive ESG report, outlining new goals for 2030. In the fiscal year 2025/26, over 90% of the company's global operational electricity came from renewable sources, and all its personal computer products used post-consumer recycled materials. Between 2021 and 2026, its global philanthropic initiatives had benefited 25 million people. Looking towards 2030, Lenovo Group has set further targets, including using 100% zero-carbon electricity for global operations, expanding the use of sustainable materials and recycling of end-of-life products, and continuously improving its responsible AI program to enhance sustainability performance.
Lenovo Group's consistently accumulated capabilities are increasingly being recognized externally. Recently, Gartner updated its 2026 Global Supply Chain Top 25 list, ranking Lenovo Group fifth, marking its first entry into the global top five and setting a new historical high for the company on this list. This indicates that Lenovo Group's supply chain capabilities have entered the ranks of leading global enterprises, also setting a new record for Chinese companies on this list. Additionally, Kantar released the 2026 Kantar BrandZ China Global Brand 50 list, where Lenovo Group ranked fourth. Furthermore, Lenovo Group frequently appears on Fortune's 2026 China Tech 50 and Most Admired Companies in China lists. These international evaluations from various dimensions collectively confirm the continuous improvement in Lenovo Group's global operations, supply chain resilience, and long-term governance. From achieving a historic best on the Fortune Global 500, to AI becoming a core growth engine, to validating its hybrid AI capabilities on the global stage of the World Cup, Lenovo Group is driving the integration of scale growth, technological innovation, and global capabilities through a long-term strategy, embarking on a new phase of value growth.
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