Lenovo FY26 Business Review

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• ServicesHiroshi Tanaka · Operations

  Services revenue grew 21% to $9.1B at 62% gross margin, and managed services recurring revenue reached $3.4B, doubling in two years. Attach rate on enterprise deals finished at 28% against a 33% commitment — services were removed during pricing in seven of the ten deals we reviewed. Forty-one enterprise AI deployments went live against a target of thirty.

  62% gross margin28% against a33% commitment

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• AServices revenue: services revenue grew 21% to $9.1b at 62% gross margin
• BHeadline results: Services revenue
• CServices revenue in four figures