LS ELECTRIC (010120) Q2 2026 earnings summary

Executive summary

• Achieved record sales of KRW 1,577 billion in 2Q 2026, up 32.2% year-over-year and 14.6% sequentially, driven by strong U.S. market demand and data center investments.

• Operating profit surged 64.4% year-over-year to KRW 179 billion, with margin expansion attributed to a higher mix of high-margin projects and productivity gains.

• Operates in electric power, automation, metals, and IT, with a global footprint and 42 consolidated subsidiaries.

• Major business lines include power equipment/systems, industrial automation, metal pipes, and IT solutions.

• Recent years saw expansion into data center infrastructure, renewable energy, and digital transformation.

Financial highlights

• 2026 H1 consolidated revenue: ₩2,953,550 million; operating income: ₩305,087 million; net income: ₩234,818 million.

• EBITDA rose 59.3% year-over-year to KRW 191 billion, with net income up 72.2% to KRW 116 billion.

• Operating margin improved to 11.3%, up 2.2 percentage points year-over-year.

• All business segments posted double-digit sales and profit growth, with electric segment sales up 34.4% year-over-year and automation up 13.6%.

• Total assets as of June 2026: ₩5,985,475 million; equity: ₩2,199,566 million.

Outlook and guidance

• Data center business designated as a core growth area, leveraging power and automation expertise.

• Plans to expand in North America and invest in high-voltage transformer capacity.

• Focus on digital transformation, AI, and smart energy solutions for future growth.

• Continued momentum expected from U.S. market expansion, data center demand, and capacity ramp-up.

• Strategic readiness for future growth with new product portfolios in 800V DC and scalable manufacturing.