Lenovo’s AI server pipeline surged 157% sequentially to $54 billion, driving gains in hardware stocks on strong demand signals.
Shares of Super Micro, Dell, and HP rose after Lenovo reported a 157% sequential jump in its AI server pipeline to $54 billion, signaling robust end-market demand. Super Micro also guided FY27 revenue to $72 billion, surpassing Wall Street’s $53 billion estimate by nearly $20 billion.
Lenovo’s quarterly revenue reached $26.94 billion, up 43% year over year, exceeding expectations of $22.44 billion. Adjusted net income rose 176% to $1.1 billion, with AI-related revenue climbing 60% to $9.3 billion, accounting for 35% of total revenue.
The rally extended to peers, with Super Micro up 10% to $41, Dell nearing $500 for the first time with a 3% gain, and HP rising 3%. The results validated broad strength in AI infrastructure and PCs across the sector.