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<Research>G Sachs: LENOVO GROUP (00992.HK) Quarterly Results Beat
Recommend 24 Positive 40 Negative 13 |
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LENOVO GROUP (00992.HK)'s results for the quarter ended December 2025 beat expectations, Goldman Sachs released a research report saying. Revenue grew by 18% YoY to US$22 billion, 8%/ 7% ahead of the expectations of Goldman Sachs/ market consensus, respectively. Gross margin sustained at 15.1%, compared to 15.4% in 2FQ ended end-September, roughly in line with the forecasts of the broker/ market of 15.2%/ 15.4%. Adjusted operating expense ratio improved from 11.7% in 2FQ to 11%, better than the broker's projection of 12.1%, leading to a 28% YoY increase in adjusted operating profit to US$903 million, 39% higher than Goldman Sachs' estimation. Adjusted net profit inclined by 35% YoY to US$589 million, 50% ahead of the broker's prediction. Therefore, Goldman Sachs rated LENOVO GROUP at Buy, with a target price of $11.98. AASTOCKS Financial News Website: www.aastocks.com |
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