Shares of PC makers jump after Lenovo's revenue tops estimates

HP

22/05/2026 15:07

** Shares of Dell Technologies DELL.N leap 14.6% to $289.71 and HP Inc HPQ.N climb 12.1% to $24.55 in morning trading

** China's Lenovo Group 0992.HK reported a better-than-expected 27% jump in quarterly revenue

** Lenovo's PC, tablet and smartphone division - its biggest revenue source - reported a 24% increase in revenue in the quarter that ended in March, the highest quarterly growth rate in five years

** DELL stock has more than doubled, while HPQ has advanced 7.4% YTD

 (Reporting by Jaspreet Singh in Bengaluru)

 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))