5 Secrets Behind Lenovo’s Climb on the Fortune Global 500 List

Lenovo has surged 52 spots to No. 196 on the Fortune Global 500, its strongest showing yet in the technology sector, where it now ranks 13th. Here are five factors that powered its rise.

1. Record-breaking revenue performance
Lenovo’s revenue soared to $69.1 billion in fiscal year 2024/25, up 21 percent year-on-year, while net income jumped 36 percent to $1.4 billion on a non-Hong Kong Financial Reporting Standards basis.

2. A diversified growth strategy
The company’s push beyond PCs into AI-enabled devices, infrastructure solutions, and services continues to drive expansion and strengthen its position in global markets.

3. Global manufacturing flexibility
Lenovo operates more than 30 manufacturing sites across 11 markets, combining in-house and outsourced production. This footprint has given the company resilience and agility in the face of shifting economic and supply chain challenges.

4. Consistent investment in innovation
Research and development spending rose 13 percent year-on-year, with new resources fueling Lenovo’s hybrid AI strategy and boosting readiness for the AI-driven decade ahead.

5. A vision for smarter technology
Lenovo continues to leverage its scale as the world’s largest PC maker while advancing its mission of “Smarter Technology for All,” aiming to build a more equitable and connected digital future.

Lenovo has been on the Fortune Global 500 list for 16 consecutive years, with this latest ranking marking its highest in the technology category to date. The company is set to report first-quarter results for fiscal year 2025/26 on August 14, 2025.