LG Energy, KR7373220003

LG Energy reports record revenue: what it means for LG Energy stock

Published on 10/08/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit hit KRW 756 billion in the third quarter, up 25.70 percent year over year. LG Energy stock shows KRW 339.1 billion excluding credits.

LG Energy, KR7373220003, Illustration mit AI erstellt.

LG Energy Solution (ISIN KR7373220003) had reported record third-quarter revenue of KRW 9.6434 trillion and operating profit of KRW 756 billion on October 8, 2026, according to Reuters. Revenue rose 59.00 percent year over year, while operating profit increased 25.70 percent, making the earnings update the central driver for LG Energy stock.

Profit beats expectations sharply

The KRW 756 billion operating profit was 144.66 percent above the KRW 309 billion LSEG SmartEstimate cited by Reuters on October 8, 2026. Revenue also exceeded the KRW 8.7989 trillion consensus estimate cited by Edaily on October 8, 2026, by 9.60 percent.

The headline profit includes KRW 416.9 billion in Advanced Manufacturing Production Credits under the U.S. Inflation Reduction Act. Edaily reported that operating profit excluding the credit was KRW 339.1 billion, compared with a KRW 127.7 billion loss on the same basis in the second quarter of 2026.

Energy storage becomes the swing factor

North American energy storage shipments helped lift factory utilization and reduce fixed-cost pressure, while European shipments of pouch batteries for lower-priced electric vehicles added volume. Reuters also reported that compensation from a North American automaker contributed to the result, making the one-off item material to profit quality.

LG Energy Solution had secured more than KRW 3 trillion in new energy storage orders during the first half of 2026, including artificial intelligence data center projects, according to Edaily. The company was also selected as a battery energy storage partner for NVIDIA's DSX Ready program, linking the order pipeline to expanding North American data center demand.

Primary-market value and next results

LG Energy's KRX quote was KRW 401,000 on October 8, 2026 at 3:32 p.m. KST, while its market capitalization was KRW 93.8 trillion. The 52-week range was KRW 290,500 to KRW 527,000, placing the quote within the established annual range.

Reuters reported on October 8, 2026 that LG Energy Solution plans to announce detailed third-quarter results on November 3, 2026. That release should clarify how much of the KRW 756 billion profit is repeatable after credits and compensation.