聯想ISG增長強勁:AI服務器收入翻倍 中國市場營收同比增長76%
8月14日,聯想集團公佈2025/26財年第一季度業績:當季營收同比增長22%至1362億元人民幣,創下歷史同期新高;非香港財務報告準則下淨利潤同比增長22%,達28.16億元人民幣,盈利能力顯著增強。
當前,隨着AI落地的持續演進,全球AI基礎設施需求延續高增長趨勢。據行業機構測算,2025年全球服務器市場預計同比增長44.6%,其中美國和中國市場將分別增長59.7%與39.5%;GPU服務器同比增長更達46.7%。領先科技企業如谷歌、Meta相繼上調資本開支預算,進一步釋放行業需求韌性。
在此背景下,該季度,ISG基礎設施方案業務通過有力執行雲基礎設施和企業基礎設施並行發展的雙軌戰略,營收實現了同比36%的強勁增長。尤其值得關注的是,AI基礎設施業務保持爆發式增長,營收同比增長155%,訂單儲備表現同樣強勁,液冷技術方案亦實現近30%的收入增長。在中國市場,ISG保持了超高速增長與盈利能力改善,營收同比增長76%,運營利潤率同比提升3個百分點。
展望未來,聯想將繼續堅定推進人工智能基礎設施的產品研發投入,並不斷提升企業級基礎設施的綜合競爭力。隨着企業智能化轉型的加速普及,市場對兼具高性能與靈活部署能力的混合式AI基礎設施需求持續上升。藉助穩健的雙軌戰略、領先的技術積累以及全球客戶基礎,ISG業務將在中長期實現可持續增長與盈利能力的持續改善。
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