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G Sachs: LENOVO GROUP (00992.HK) Quarterly Results Beat; Gross Margin Above Expectations
Recommend 12 Positive 16 Negative 11 |
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G Sachs issued a report stating that LENOVO GROUP (00992.HK) delivered quarterly results that beat expectations. Net profit declined 5% QoQ to USD521 million, exceeding the brokers and market forecasts by 269% and 63%, respectively, mainly driven by stronger-than-expected revenue and gross margin. Revenue fell 3% QoQ, but was still 20% and 13% above the brokers and market expectations, respectively, despite the seasonal lull and rising memory costs. Gross margin held steady at 16.4%, unchanged from the December 2025 quarter, and above the brokers and market forecasts of 14.9% and 14.8%, respectively. This supported a 6% QoQ increase in gross profit, surpassing the brokers and market expectations by 32% and 24%, respectively. The operating expense ratio was 12.3%, in line with the brokers estimate of 12.3%. G Sachs maintained a Buy rating on LENOVO GROUP with a TP of HKD12.53. (ha/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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