Lenovo's CEO Yang Yuanqing: PC sales may remain flat or slightly decrease in 2026.

At the performance exchange meeting for the third quarter of the 2025/26 fiscal year of Lenovo Group, Yang Yuanqing, Chairman and CEO of Lenovo Group, stated that currently the proportion of computing demand for training and reasoning is 7:3, and in the future it is expected to reach at least 2:8, meaning that the demand for training will account for 20%. To achieve this, it is necessary to achieve the popularization and accessibility of AI. Regarding the impact of rising prices of components such as memory and CPU, Yang Yuanqing believes that the prices of PCs and smartphones may rise, leading to a decrease in demand. "In 2026, the sales volume of PCs may remain stable or slightly decrease, but due to the increase in average unit price, actual sales revenue will still increase."