LG Innotek (011070) Q2 2026 earnings summary

Executive summary

• Achieved record-high Q2 2026 revenue of 5,527.2bn won, up 40.5% year-over-year, with growth across all divisions.

• Operating income reached 245.8bn won, though down 16.8% sequentially from Q1 2026.

• Net income was 169.7bn won, a 26.0% decrease from Q1 2026 but up significantly year-over-year.

Financial highlights

• EBITDA for Q2 2026 was 493.3bn won, up 198.5bn won year-over-year.

• Operating margin was 4.4%, down 0.9 percentage points sequentially but up 4.2 points year-over-year.

• Cash and equivalents at quarter-end were 1,240.4bn won, down 9.6% sequentially and 10.3% year-over-year.

• Total assets increased 21.1% year-over-year to 11,922.8bn won.

Outlook and guidance

• Optics Solution expects Q3 sales growth driven by mass production of new models and expansion in automotive cameras.

• Package Solution anticipates strong demand for RF-SIP and FC-CSP, with timely expansion of FC-BGA capacity.

• Mobility Solution aims to expand premium product supply and gradually increase AP module production for profitability.