Lenovo's FY2024/25 performance pays off with record leap on Fortune Global 500

The company's revenue and net income jumped in the recent fiscal year.

Courtesy: Lenovo

Up 52 spots in this year's Global 500

Lenovo has climbed 52 spots to land 196th on Fortune’s annual Global 500 List. The company also ranked 13th in the Technology sector.

This achievement marks Lenovo's 16th year on the Global 500, highlighting it as one of the world’s 500 largest companies by revenue, with its highest ranking in the Technology sector to date, the tech company said.

Lenovo said its latest ranking reflects its strong FY2024/25 annual revenue, the second highest in its history, which was up 21 percent to USD69.1 billion or around PHP 3.90 trillion from last year. Meanwhile, its net income was up 36 percent to USD 1.4 billion or around PHP 79.10 billion.

The company said its latest performance was not only driven by its focus on a diversified growth strategy, but also its end-to-end integrated global operations, ODM+ manufacturing model, and global resources/local delivery model.

Over the past 20 years of its global operations, Lenovo said it has established over 30 manufacturing sites in 11 different markets around the world.

Lenovo also continues to prioritize investment in innovation, with R&D expenses up 13 percent year-on-year for the past fiscal year. This drove key milestones in its hybrid AI strategy, reinforcing its focus and readiness in the AI decade.