LS Electric, KR7010120004

LS Electric wins KRW 168.9 billion order: target for LS Electric stock stands at KRW 235,000

Published on 10/20/2026 at 01:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The 38 kV contract runs through 2027. North American orders shape LS Electric stock as Q2 revenue reached KRW 1.58 trillion, up 32.2 percent.

North American orders and dates

LS Electric signed a KRW 168.9 billion contract on October 19, 2026.
Second-quarter 2026 revenue reached KRW 1.58 trillion, up 32.2 percent year over year.
iM Securities set a KRW 235,000 target after cutting it from KRW 265,000 on October 19, 2026.

LS Electric, KR7010120004, Illustration mit AI erstellt.

LS Electric (ISIN KR7010120004) signed a KRW 168.9 billion supply contract for North American data center power equipment on October 19, 2026, according to Financial News. On the same date, iM Securities set a KRW 235,000 target after cutting its previous KRW 265,000 target, as reported by Newspim.

Three orders define the timeline

On June 30, 2026, second-quarter revenue reached KRW 1.58 trillion, up 32.2 percent year over year, while operating profit was KRW 178.5 billion, according to ATS View. On October 13, 2026, LS Electric signed a KRW 185.3 billion contract with Bloom Energy for switchgear and distribution transformers, Yonhap News Agency reported.

On October 19, 2026, the company disclosed the KRW 168.9 billion project for a U.S. hyperscale data center. The amount equals 3.40 percent of the previous year's consolidated revenue, and deliveries are scheduled through December 31, 2027, according to Financial News.

What does the target change mean?

iM Securities expects 2026 new orders to exceed KRW 6.00 trillion, which would represent 62.2 percent growth from the prior year, according to eToday. The same report projects third-quarter revenue of KRW 1.77 trillion and operating profit of KRW 195.8 billion, with high-margin North American projects supporting profit growth.

Upcoming reporting dates

Provisional third-quarter results are scheduled for October 21, 2026, while the quarterly filing deadline is November 16, 2026, according to a dated company-calendar summary from Sotkn and ATS View.

Contract execution is the next test

The latest order covers 38 kV high-voltage switchgear and follows a separate Bloom Energy project in Pennsylvania. Revenue recognition will follow delivery, so the October 19 contract is an order-book addition rather than an immediate revenue event. The KRW 235,000 target remains below the prior KRW 265,000 level, adding a valuation counterweight to the expanding North American order pipeline.