LG Corp (003550) Q3 2026 earnings summary

Executive summary

• Cumulative 3Q26 consolidated revenue rose 4% YoY to KRW 5,981B; controlling net income declined 8% to KRW 1,012B, mainly on lower equity method gains.

• Separate revenue increased 4% YoY to KRW 788B and net income rose 10% to KRW 578B.

Financial highlights

• Consolidated operating profit was KRW 1,274B versus KRW 1,334B in 3Q25; controlling net income was KRW 1,012B versus KRW 1,100B.

• Consolidated subsidiary revenue increased 7% YoY to KRW 4,903B; brand and rental income was KRW 371B, while equity method gains fell 11% to KRW 707B.

• Separate operating profit was KRW 588B versus KRW 556B in 3Q25; net income was KRW 578B versus KRW 525B.

• Separate brand royalties rose 9% YoY to KRW 279B; dividend income rose 7% to KRW 417B, while rental revenue fell 17% to KRW 92B after the Gwanghwamun Building sale.

Segment performance

• Electronics growth drivers included home appliances and TVs, optical solutions, and semiconductor substrates; reported affiliate operating profit improved at LG Electronics and LG Display in 3Q26.

• Chemical sector profitability faced negative petrochemical inventory-lag effects and higher shipping costs; LG Chem reported 3Q26 operating profit of KRW 561.2B and net loss of KRW 600.0B.

• Telecom and services benefited from AIDC sales growth at LG U+ and cloud/AI business growth at LG CNS; strong B2B activity supported profitability.

• LG CNS 3Q26 cumulative revenue grew 7% YoY to KRW 4.5T and operating profit rose 6% to KRW 360B; operating margin was 8.0%.

• D&O revenue grew 16% YoY and returned to operating profit, supported by food and beverage expansion and higher construction-management volume; LG MDI sales rose 5%, while operating profit declined on AI infrastructure costs.