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LS ELECTRIC (010120) investor relations material
LS ELECTRIC Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
3Q'26 sales rose 54% YoY to KRW 1,878bn and operating profit increased 132% to KRW 234bn, supported by a strong backlog, global expansion and major U.S. projects.
Backlog reached KRW 7,043bn, up 73% YoY; operating margin was 12.4%, up 4.1 percentage points YoY.
Financial highlights
Sales were KRW 1,878bn, up 54% YoY and 19% QoQ; operating profit was KRW 234bn, up 132% YoY and 31% QoQ.
Profit before tax was KRW 194bn, up 112% YoY and 24% QoQ; net income was KRW 143bn, up 117% YoY and 23% QoQ.
Cash and cash equivalents were KRW 798bn at quarter-end, versus KRW 763bn in 3Q'25 and KRW 672bn in 2Q'26.
Outlook and guidance
Busan factory expansion targets HV transformer capacity of KRW 1tn in 2028; total capacity including LS Power Solution is projected above KRW 1tn.
LS ELECTRIC Utah production site is scheduled for completion in 2H 2027; Texas Bastrop Campus planning is in process.
DC factory in Cheonan is intended to support market transition, with an in-house microgrid using ESS and solar power and parallel SST and PCS operation.
- Record operating profit, strong power/automation sales, but net income fell on higher taxes.010120
Q2 2024 - Q3 2024 results dipped, but robust order backlog, investments, and liquidity drive future growth.010120
Q3 2024 - Record quarterly and annual results fueled by U.S. growth and HVTR demand surge.010120
Q4 2024 - Q1 2025 saw stable growth, strong US expansion, and improved Automation profitability.010120
Q1 2025 - Strong sales and profit growth in 2Q and H1 2025, driven by exports and capacity expansion.010120
Q2 2025 - 3Q 2025 saw mixed sales and profit trends, with strong U.S. exports and robust capital structure.010120
Q3 2025 - Record-high sales and profits driven by U.S. exports and AI data center demand, with strong outlook.010120
Q4 2025 - Q1 2026 delivered record growth, a 5:1 stock split, and major global contracts, supporting a positive outlook.010120
Q1 2026 - H1 2026 revenue ₩2.95T, net income ₩234.8B, growth in power/data centers, strong capital base.010120
Q2 2026
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