Lenovo beats profit forecast as AI demand drives gradual PC recovery

Lenovo has a manufacturing facility in Dublin.

Lenovo, which has significant operations in Ireland, reported a better-than-expected quarterly profit, affirming hopes for a gradual computing industry recovery driven by global AI spending.

Net income grew 38% to $243m (€220m) in the three months to the end of June, Lenovo said in a filing on Thursday.