Lenovo had a breakout third quarter, setting records for infrastructure sales and extending its commanding lead of global PC sales while keeping profitability high.

The PC maker’s chief executive said Chinese startup DeepSeek’s breakthrough is “very positive” for the industry and in particular for Lenovo.

Lenovo on Thursday reported a 20% rise in third-quarter revenue as the global personal computer industry showed signs of recovery. Julian Satterthwaite reports.

Chinese PC company Lenovo Group Ltd (OTC: LNVGY) reported fiscal third-quarter revenue growth of 20% year-on-year to $18.796 billion, beating the analyst consensus estimate of $15.58 billion. This marked the highest quarterly sales in the past three years and the second highest in the Group’s history.

The world’s largest PC maker reported better-than-expected quarterly earnings boosted by its bet on the fast-growing use of artificial intelligence.

Chinese technology giant Lenovo (0992.HK) reported a 20% year-on-year increase in third-quarter revenue, highlighting a rebound in global PC demand following a prolonged industry slump. The world’s largest PC manufacturer posted $18.