LG Innotek (011070) Q3 2026 earnings summary

Executive summary

• Q3'26 revenue was ₩6,367.1bn, up 15.2% QoQ and 18.6% YoY; operating income was ₩94.8bn, down 61.4% QoQ and 53.4% YoY.

• Revenue growth was led by Optics Solution, while operating margin fell to 1.5% from 4.4% in Q2'26 and 3.8% in Q3'25.

Financial highlights

• Net income was ₩95.2bn, down 43.9% QoQ and 25.8% YoY; income before tax was ₩115.5bn, down 48.0% QoQ and 26.4% YoY.

• EBITDA was ₩331.0bn, versus ₩493.3bn in Q2'26 and ₩487.3bn in Q3'25; EBITDA margin was 5.2%, down 3.7pp QoQ and 3.9pp YoY.

• Optics Solution revenue was ₩5,404.1bn, up 19.6% QoQ and 20.6% YoY; Package Solution was ₩481.8bn, down 3.3% QoQ and up 10.1% YoY.

• Mobility Solution revenue was ₩481.1bn, down 5.8% QoQ and up 6.8% YoY.

Outlook and guidance

• Optics Solution expects a stable Q4 supply ramp amid solid demand for new models and plans to expand robotic vision sensing solutions.

• Package Solution expects continued solid RF-SiP and FC-CSP demand, seasonal softness in display products, and timely FC-BGA capacity expansion.

• Mobility Solution expects Q4 revenue growth from automotive communication and lighting despite weak market demand, with AP module production ramping up.