Latest news with #LNVGY
Globe and Mail
6 days ago
- Business
- Globe and Mail
Intel Stock (NASDAQ:INTC) Slides on New Developments, Old Faces
Today turned out to be an oddly mixed day for chip stock Intel (INTC). It brought out some exciting news about the upcoming Battlemage CPU lineup, and some new bits about its role in a high-powered laptop, or rather, a laptop with high battery power in it. It also lost some names in its sales force that might be concerning. All of this together added up to concern from investors, as Intel shares slid over 2% in Friday afternoon's trading. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter First, there's the Arc B770, a development that is proving a surprising winner for Intel as it gets more into the graphics processing unit (GPU) market space. The B770, the latest in the series, is still expected to hit in the fourth quarter of this year. This should be particularly good news if it can lean toward the front half of the fourth quarter as opposed to the back, which would make the B770 one doozy of a Christmas shopping item. Second, there is the boost from Lenovo (LNVGY), by way of the ThinkPad T14s, Gen 6. Reports note that this laptop comes with a hefty 21 hours of battery life, and a lot of that is thanks to Intel's Lunar Lake processors, which serve as the underpinnings of this laptop. Reports call it an '…ideal balance between great everyday performance and efficiency.' And Then, The Losses This was all good news for Intel, but not all the news was so pleasant. Intel lost two fairly major names in its operation: its data center sales leader, and its public sector sales leader. Both Uday Yadati, who ran the data center sales, and Cameron Chehreh, who handled public sector, left the company recently. Yadati's departure was unexpected, reports note, and Chehreh first announced his departure on LinkedIn late Wednesday, reports noted. Yadati was, apparently, made a better offer elsewhere as he left to '…pursue another opportunity,' reports noted. And Chehreh was leaving to return to his 'software roots,' serving as president and general manager at a startup. Is Intel a Buy, Hold or Sell? Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 26 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 33.11% loss in its share price over the past year, the average INTC price target of $21.29 per share implies 5.76% upside potential. See more INTC analyst ratings Disclosure
Zawya
22-05-2025
- Business
- Zawya
Lenovo Group: Q4 and full year financial results 2024/25 announced
Dubai, United Arab Emirates – Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries ('the Group'), today announced Q4 and full year results for the fiscal year 2024/25, reporting significant increases in overall group revenue and profit. For the full year, revenue grew 21% year-on-year to US$69.1 billion, marking the Group's second-highest annual revenue in its history. Net income was up 36% year-on-year to US$1.4 billion on a non-Hong Kong Financial Reporting Standards (non-HKFRS[1]) basis. The Group's diversified growth engines continue to accelerate, with non-PC revenue mix up nearly five points year-on-year to 47%. All business groups were healthy and strong and met their strategic intent and financial goals, and all sales geographies gained double-digit revenue growth year-on-year, reflecting the strength of the Group's diversified businesses and resilient global footprint. The results were not only driven by the Group's focus on executing a clear strategy, but also its end-to-end integrated global operations (design, demand forecasting, procurement, manufacturing, marketing, sales, and services), ODM+ manufacturing model, and global resources/local delivery model. Over the past 20 years of operating a global business, Lenovo has established a manufacturing footprint that boasts 30+ manufacturing sites (either in-house or outsourced) in 11 different markets around the world. The combination of these gives the Group maximum flexibility and resilience to navigate through uncertainties and be more adaptive to the market conditions. Lenovo continues to prioritize investment in innovation, with R&D expenses up 13% year-on-year to US$2.3 billion. The past year saw several key announcements, investments, and milestones from the Group as part of its hybrid AI strategy. These include the launch of AI PCs where Lenovo is now number one globally in the Windows AI PC category; the launch of the first foldable phone with Moto AI; hypergrowth in the AI server business; the creation of core solutions and services capabilities with Lenovo Hybrid AI Advantage, and most recently the launch of the Group's first personal and enterprise AI super agents at its Tech World event in Shanghai. Looking ahead, Lenovo remains confident that its focus on innovation and hybrid AI, together with its globally balanced business and a flexible, resilient supply chain will not only maintain but also enhance its market competitiveness. Lenovo's Board of Directors declared a final dividend of 3.9 US cents or 30.5 HK cents per share for the fiscal year ended March 31, 2025. Chairman and CEO quote – Yuanqing Yang: 'This has been one of our best years yet, even in the face of significant macroeconomic uncertainty. We achieved strong top-line growth with all our business groups and sales geographies growing by double digits, and our bottom-line increased even faster. Our strategy to focus on hybrid AI has driven meaningful progress in both personal and enterprise AI, laying a strong foundation for leadership in this AI era. With 20 years of leading a global business and navigating challenges, I'm confident that our operational excellence and continued investment in innovation will not only sustain but strengthen our competitiveness.' Financial Highlights: FY 24/25 US$ millions FY 23/24 US$ millions Change Q4 FY24/25 US$ millions Q4 FY23/24 US$ millions Change Group Revenue 69,077 56,864 21% 16,984 13,833 23% Pre-tax income 1,481 1,365 8% 178 309 (42)% Net Income (profit attributable to equity holders) 1,384 1,011 37% 90 248 (64)% Net Income (profit attributable to equity holders – non-HKFRS) [1] 1,441 1,060 36% 278 223 25% Basic earnings per share (US cents) 11.30 8.41 2.89 0.73 2.02 (1.29) Q4 FY24/25 Group Performance: Revenue and non-HKFRS [1] net income increase over 20%, double-digit revenue year-on-year growth across all businesses Group revenue grew 23% year-on-year to US$17 billion, with double-digit year-on-year revenue growth across all businesses. Net income was up 25% year-on-year on a non-HKFRS[1] basis to US$278 million. The Intelligent Devices Group further enlarged its PC market leadership and expanded the gap to the number two player year-on-year by a further point. At the same time, smartphone revenue outgrew the market by 12 points and its global smartphone ranking by revenue is now number four in all markets outside of China. The Infrastructure Solutions Group achieved profitability for the 2nd consecutive quarter, with revenue hypergrowth of more than 60% year-on-year. The Solutions and Services Group delivered 18% revenue growth year-on year and a record operating margin of 22.7%. Full Year performance: Intelligent Devices Group (IDG): Market leadership strengthened, winning in personal AI FY24/25 performance: Overall IDG revenue grew 13% year-on-year to US$50.5 billion, with an operating margin in the historically high range of more than 7%. PCs expanded their market leadership, enlarging the gap to the number two player by almost 1 point to 3.6 points, and maintained industry-leading profitability. AI PCs exceeded the volume target for the year, with Lenovo now leading globally in the Windows AI PC category. Smartphone revenue reached its highest point since the acquisition of Motorola Mobility, with hypergrowth of 27% year-on-year. There was robust growth in Asia Pacific and EMEA markets, complementing the traditional strongholds of Latin America and North America. The tablet business achieved double-digit year-on-year growth in sales volume. Innovative form factors were launched throughout FY24/25 across Lenovo's AI PC and smartphone portfolio, including the ThinkBook Plus Gen 6 with a rollable display, the Legion Go S handheld gaming console, and the ultra-premium ThinkPad and Yoga Aura Editions. Motorola expanded its leadership in foldables with the latest motorola razr, now enhanced with moto AI capabilities. Looking ahead, IDG will continue to build an AI-driven applications ecosystem to deliver seamless cross-device, cross-ecosystem experiences, as well as further develop the AI super agents that recently launched at the Group's Tech World event in Shanghai. Infrastructure Solutions Group (ISG): Hypergrowth, profitable in the 2nd half of the year, driving hybrid infrastructure FY24/25 performance: ISG saw a year of hyper-growth with revenue up 63% year-on-year to a record US$14.5 billion. Operating margin was significantly improved and ISG broke even for the 2nd half of the fiscal year. The Cloud Services Provider (CSP) business continued to scale through the year with self-sustaining profitability. The Enterprise and SMB (E/SMB) business had strong momentum with revenue up 20% year-on-year to a record high. The AI server business also achieved hypergrowth thanks to the rising demand for AI infrastructure, with Lenovo's industry-leading Neptune™ liquid cooling solutions as a key force behind this rapid growth. Looking ahead, ISG will continue executing its CSP and E/SMB strategy, simplify its product portfolio, strengthen its go-to-market capabilities, and enhance operational resilience to drive steady, balanced growth across all geographies and sustainable profitability. Solutions and Services Group (SSG): High margin and high growth transformation engine, unleashing hybrid AI Advantage FY24/25 performance: SSG further solidified its role as the Group's transformation engine, with revenue growing 13% year-on-year to US$8.5 billion, with an operating margin of 21.1%. The support services business continued its steady growth, elevating the hardware user experience. The solutions and 'as-a-service' business grew even faster, now accounting for nearly 60% of SSG's revenue, with AI offerings in particular generating momentum. Looking ahead, SSG will continue to build capabilities within the Lenovo Hybrid AI Advantage framework, while also expanding and deepening its portfolio of enterprise solutions. ESG highlights Lenovo made progress on its environmental, social and governance commitments in FY24/25 and is on-track to reach its 2030 emissions reduction goals, aligned to the Science Based Targets initiative. Lenovo is proud to have received global recognitions in the past year such as the Gold Award in the Most Sustainable Companies/Organizations category of the Best Corporate Governance and ESG Awards organized by the HKICPA as well as the Platinum Medal by EcoVadis, placing Lenovo in the top 1% of all companies rated by EcoVadis worldwide. Lenovo also received AAA recognition in MSCI's ESG Assessment Ratings and A-list recognition from CDP for Climate Change Leadership (A) and Water (A-). Embracing people of all backgrounds and abilities is critical to Lenovo's vision of providing smarter technology for all. In 2024, Lenovo was honored as a 'Best Workplace for Disability Inclusion' for the fourth year in the US, with expansion to Brazil and the United Kingdom. As part of Lenovo's focus on providing Smarter AI for All, the company has adopted governing principles that bolster the responsible, ethical, and safe development, deployment, and utilization of AI. Lenovo has fortified its internal governance by committing to public initiatives like the European Commission's AI Pact. More details on the company's progress will be released in its annual ESG report published at the end of June. [1] Non-HKFRS measure was adjusted by excluding net fair value changes on financial assets at fair value through profit or loss, amortization of intangible assets resulting from mergers and acquisitions, mergers and acquisitions related charges, gain on deemed disposal of a subsidiary, impairment and write-off of intangible assets, one-time income tax credit; restructuring and other charges, gain on remeasurement of a written put option liability, fair value change on derivative financial liabilities relating to warrants, and notional interest of convertible bonds; and the corresponding income tax effects, if any. About Lenovo Lenovo is a US$69 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit and read about the latest news via our StoryHub. Press Contacts Hong Kong – Angela Lee, angelalee@ London – Charlotte West, cwest@ Zeno Group - LenovoWWcorp@ LENOVO GROUP FINANCIAL SUMMARY For the quarter and year ended March 31, 2025 (in US$ millions, except per share data) Q4 FY24/25 Q4 FY23/24 Y/Y CH G FY24/25 FY23/24 Y/Y CH G Revenue 16,984 13,833 23% 69,077 56,864 21% Gross profit 2,783 2,428 15% 11,098 9,803 13% Gross profit margin 16.4% 17.6% (1.2) pts 16.1% 17.2% (1.1) pts Operating expenses (2,452) (1,939) 26% (8,934) (7,797) 15% R&D expenses (included in operating expenses) (644) (532) 21% (2,288) (2,028) 13% Expenses - to-revenue ratio 14.4% 14.0% 0.4 pts 12.9% 13.7% (0.8) pts Operating profit 331 489 (32)% 2,164 2,006 8% Other non-operating income/(expenses) – net (153) (180) (15)% (683) (641) 7% Pre-tax income 178 309 (42)% 1,481 1,365 8% Taxation (54) (56) (4)% (19) (263) (93)% Profit for the period/year 124 253 (51)% 1,462 1,102 33% Non-controlling interests (34) (5) 551% (78) (91) (16)% Profit attributable to equity holders 90 248 (64)% 1,384 1,011 37% Profit attributable to equity holders – non-HKFRS[1] 278 223 25% 1,441 1,060 36% Earnings per share (US cents) Basic Diluted 0.73 0.71 2.02 1.95 (1.29) (1.24) 11.30 10.62 8.41 8.05 2.89 2.57
Yahoo
08-04-2025
- Business
- Yahoo
Bears are Losing Control Over Lenovo Group (LNVGY), Here's Why It's a 'Buy' Now
The price trend for Lenovo Group Ltd. (LNVGY) has been bearish lately and the stock has lost 7% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this company enhances its prospects of a trend reversal. This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price. When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal. Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors. Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators. There has been an upward trend in earnings estimate revisions for LNVGY lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term. The consensus EPS estimate for the current year has increased 9% over the last 30 days. This means that the Wall Street analysts covering LNVGY are majorly in agreement about the company's potential to report better earnings than what they predicted earlier. If this is not enough, you should note that LNVGY currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of Lenovo Group, a Zacks Rank of 2 is a more conclusive fundamental indication of a potential turnaround. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
08-04-2025
- Business
- Yahoo
3 Reasons Why Growth Investors Shouldn't Overlook Lenovo Group (LNVGY)
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Our proprietary system currently recommends Lenovo Group Ltd. (LNVGY) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank. Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Lenovo Group is 6%, investors should actually focus on the projected growth. The company's EPS is expected to grow 39.4% this year, crushing the industry average, which calls for EPS growth of 11.2%. Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric exhibits how efficiently a firm is utilizing its assets to generate sales. Right now, Lenovo Group has an S/TA ratio of 1.6, which means that the company gets $1.6 in sales for each dollar in assets. Comparing this to the industry average of 1.28, it can be said that the company is more efficient. In addition to efficiency in generating sales, sales growth plays an important role. And Lenovo Group is well positioned from a sales growth perspective too. The company's sales are expected to grow 17.3% this year versus the industry average of 5.9%. Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. There have been upward revisions in current-year earnings estimates for Lenovo Group. The Zacks Consensus Estimate for the current year has surged 9% over the past month. Lenovo Group has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This combination indicates that Lenovo Group is a potential outperformer and a solid choice for growth investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lenovo Group Ltd. (LNVGY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
