Yazılar

Lenovo Q4 Profit Plunges 64%, Misses Forecasts Amid Tariff Blow

/in /tarafından

Lenovo, the world’s largest PC maker, reported a 64% year-on-year plunge in fourth-quarter net profit, falling far short of analysts’ estimates and triggering a sharp 5.4% drop in its share price on Thursday.

The company blamed the profit collapse largely on a fair value loss on warrants and the unexpected imposition of 20% tariffs on Chinese imports by U.S. President Donald Trump in March, targeting fentanyl-related goods but affecting broader categories.

“The 20% tariffs announced in March were implemented suddenly and left us no time to prepare. It had a significant impact on our numbers in the last quarter – it’s not a small number,” CEO Yang Yuanqing said during an earnings call.

Key Financial Results (Jan–Mar Quarter):

  • Net Profit:
    $90 million, vs. $225.8 million expected (LSEG consensus)
    ↓ 64% YoY

  • Revenue:
    $15.72 billion,
    ↑ 23% YoY, exceeding analyst forecast of $15.6 billion

Business Unit Highlights:

  • Infrastructure Solutions Group (ISG):
    Revenue ↑ 64% YoY, driven by server demand

  • Solutions and Services Group (SSG):
    Revenue ↑ 22%, reflecting strong enterprise cloud software sales

  • Personal Computing (PC):
    Continued global leadership but margin pressure remains amid tariff uncertainty

Tariff Impact and Strategy:

Yang confirmed that Lenovo may raise product prices if tariffs persist. He emphasized that the company’s 30 manufacturing facilities across more than 10 countries provide flexibility to adjust operations and mitigate future trade risks.

Although many U.S.-China tariffs imposed since April were rolled back, the 20% fentanyl-related levy remains, continuing to strain Chinese tech firms like Lenovo.

Market Reaction:

  • Lenovo stock:
    ↓ 5.4%, vs. Hang Seng index decline of 1.3%

Coinbase Q1 Profit Drops Despite Revenue Gains as Expenses Surge 51%

/in /tarafından

Coinbase reported a decline in first-quarter profit on Thursday, as a sharp 51% increase in operating expenses outpaced gains in its core revenue streams, leading to a 3% drop in shares during extended trading.

While the cryptocurrency exchange saw total revenue climb to $2.03 billion, up from $1.64 billion a year earlier, it fell short of analysts’ expectations of $2.1 billion, according to data from LSEG.

The company’s adjusted net income dropped to $526.6 million, or $1.94 per share, down from $679.2 million, or $2.53 per share, in the same quarter last year. The decline comes as Coinbase ramps up marketing spending and took a hit on crypto assets held for operations, contributing to its ballooning expense total of $1.3 billion.

Revenue Breakdown:

  • Transaction revenue: Rose 17.3% to $1.26 billion

  • Subscription and services revenue: Jumped 37% to $698.1 million

Despite the solid performance in its transaction and subscription units, the company struggled to maintain profitability amid higher spending and broader market volatility triggered by President Trump’s erratic trade policies, which have unsettled investors and driven caution in riskier assets like cryptocurrencies.

The results come on the same day Coinbase announced a $2.9 billion acquisition of Deribit, a major crypto derivatives exchange, as part of a strategy to expand into the crypto options market and diversify revenue sources beyond spot trading.

The combination of increased costs and geopolitical uncertainty underscores the challenges Coinbase faces in balancing growth investments with margin pressure as it seeks to capitalize on expanding institutional interest in digital assets.

Infineon Lowers Revenue Forecast Amid US Tariff Uncertainty

/in /tarafından

Infineon Technologies, Germany’s leading chipmaker, revised its full-year revenue outlook downward on Thursday, citing uncertainty around looming U.S. semiconductor tariffs and unfavorable currency exchange assumptions. Despite reporting stable order intake, the company now anticipates a more cautious fiscal year ahead.

What’s Behind the Cut:

  • U.S. President Donald Trump has warned that chip tariffs could begin at 25% or more, though no implementation timeline has been confirmed. This lack of clarity has clouded business planning for chipmakers like Infineon.

  • As a precaution, Infineon CEO Jochen Hanebeck said the company applied a 10% haircut to its expected Q4 revenue projections.

  • Without the haircut, Infineon said its forecast would have remained “essentially unchanged.”

Financial Highlights:

  • Fiscal 2024 revenue totaled €15 billion ($17 billion).

  • The company had earlier projected flat to slightly higher revenue for the current year but now anticipates a lower figure due to tariff and exchange rate risks.

  • It now expects an operating margin in the mid-teens rather than the previous mid-to-high-teens range.

CEO Commentary:

“Given that order intake still shows no signs at all of slowing down, we can only guesstimate the effects of tariff disputes,”
said Hanebeck, highlighting the unpredictability of U.S. trade policy on semiconductor supply chains.

Broader Context:

Infineon joins a growing list of global tech firms affected by U.S. protectionist policies. The prospect of rising tariffs is pressuring supply chains, pricing strategies, and global investment decisions, particularly as semiconductor demand remains strong across sectors such as automotive, consumer electronics, and industrial systems.