LG Energy, KR7373220003

LG Energy reports 59.00 percent revenue growth: what it means for LG Energy stock

Published on 10/09/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales reached KRW 9.64 trillion, up 59.00 percent year over year. LG Energy stock was KRW 401,000 on October 8, 2026 versus KRW 391,000.

Key points in brief

LG Energy reported third-quarter 2026 revenue growth of 59.00 percent to KRW 9.64 trillion.
Operating profit rose 25.70 percent year over year to KRW 756.0 billion, including KRW 416.9 billion in U.S. production credits.
Excluding the credit, operating profit was KRW 339.1 billion and the operating margin was 3.70 percent.
LG Energy stock was last at KRW 401,000 on the KRX on October 8, 2026, versus a prior close of KRW 391,000.

LG Energy, KR7373220003, Illustration mit AI erstellt.

LG Energy reported 59.00 percent year-over-year revenue growth in the third quarter of 2026, reaching KRW 9.64 trillion, while LG Energy stock was last at KRW 401,000 on the KRX on October 8, 2026. The preliminary figures point to a sharp recovery in quarterly operating profit, but U.S. production credits remain central to the result.

Three figures define the quarter

On October 8, 2026, LG reported third-quarter revenue of KRW 9.64 trillion, up 59.00 percent from KRW 6.07 trillion a year earlier. The figure was also 27.60 percent above the second quarter.

On October 8, 2026, operating profit reached KRW 756.0 billion, an increase of 25.70 percent year over year and 567.30 percent from the prior quarter. The result included KRW 416.9 billion from the U.S. Inflation Reduction Act production credit.

On October 8, 2026, operating profit excluding that credit was KRW 339.1 billion, compared with an adjusted operating loss of KRW 127.7 billion in the second quarter. The company reported an underlying third-quarter operating margin of 3.70 percent.

What does the revenue growth mean?

Korea JoongAng Daily reported on October 8, 2026, that North American energy storage system shipments and mid-priced pouch batteries sold in Europe supported the quarter. The report also noted that the prolonged electric vehicle slowdown remained a constraint on the broader battery business.

The comparison excluding credits is important because the headline operating profit and the underlying result differ by KRW 416.9 billion. Revenue excluding the credit was KRW 9.23 trillion, while the reported revenue was KRW 9.64 trillion, according to LG.

Final results arrive November 3

The preliminary figures are not the final accounts. The Globe and Mail reported that LG Energy Solution scheduled an investor relations call for November 3, 2026, to present the final third-quarter performance and outlook.

For market context, LG Energy stock was last at KRW 401,000 on the KRX on October 8, 2026 at 3:32 p.m. KST, up 2.56 percent from the prior close of KRW 391,000. The 52-week range was KRW 290,500 to KRW 527,000, leaving the latest quote KRW 126,000 below the high.