Skip to main content

Lenovo sees 512% profit growth in FY20 Q4, revenues top $60 billion in historic first

Lenovo Yoga 9i 14
Lenovo Yoga 9i 14 (Image credit: Windows Central)

What you need to know

  • Lenovo's PC business had its best fourth quarter ever in the fiscal year 2020.
  • The company saw 512% profit growth.
  • It topped $60 billion in revenue for the first time.

The PC market is alive and well, and if you need any proof of that claim, just check out Lenovo's Q4 FY2020 earnings. As reported by ZDNet, Lenovo pulled in a mountain of money in Q4, topping $60 billion in revenue for the first time. Atop that mountain, past the clouds obscuring its tip, you can squint and see that that lofty figure represents a historic high for the company.

Reuters cited the figure as a 512% profit growth that beat analyst estimates. Reuters' report also mentioned Lenovo's hold on a quarter of the PC market, beating HP's 21.4% and Dell's 16.5%, explaining where said revenue is coming from.

These big results, while impressive in and of themselves, aren't excessively surprising when you factor in the growth of PC sales in general in recent times. PC shipments are anticipated to grow by 18.1% in 2021 to the tune of over 357 million units. And notebook PC shipments specifically are up 81% over last year, with 68.2 million being shipped in Q1 of 2021 versus 37.8 million in Q1 of 2020.

No matter how you slice it, growing demand for technology and a global shortage of certain PC components is leading to every seller and manufacturer having a hungrier audience than ever before. Lenovo's just one of the many companies reaping the rewards of said consumer appetite, though its share of the profit pie is noticeably larger than a good chunk of the competition.

Robert Carnevale is the News Editor for Windows Central. He's a big fan of Kinect (it lives on in his heart), Sonic the Hedgehog, and the legendary intersection of those two titans, Sonic Free Riders. He is the author of Cold War 2395. Have a useful tip? Send it to robert.carnevale@futurenet.com.

5 Comments
  • So much for the post-PC world.
  • My employer was part of that growth. Nice business laptops
  • I absolutely love ThinkPad keyboards.
  • Love my thinkpad X1 Carbon. Looks like a few million others do too. They always have great sales too.
  • Rightfully deserved. Lenovo's Thinkpads, Ideapad Yogas, and Legions were all first to embrace AMD's Renoir chips in their respective laptop categories, and place them at reasonable prices in a sea of overpriced Intel laptops. Lenovo probably had the most "sold out" banner on their global website record than any other manufacturer too.
    Lenovo made the first move, consumers recognized it and rewarded them for it.