LG Electronics Q3 2026 earnings miss analyst estimates
Revenue rose 8.9% to 23.827 trillion won as strong appliance and vehicle businesses offset higher costs, the company said.
- On Wednesday, LG Electronics reported a third-quarter operating profit of 781.8 billion won , up 13.5% year-on-year, with revenue reaching 23.82 trillion won.
- Despite geopolitical instability in the Middle East and rising overhead expenses, the company maintained profitability across home appliance, vehicle component, and TV divisions through efficiency measures.
- Sequentially, operating profit fell 50.5%, missing the 1.028 trillion won consensus estimate from analysts cited by The Wall Street Journal, attributed to macroeconomic volatility.
- To capitalize on AI cooling demand, the company secured a contract with Virginia-based AIR Control Concepts and plans a Virginia manufacturing facility for 2027, building on $426 million in earlier contracts.
- Collaborating with Nvidia, the company is developing a humanoid robot slated for a 2027 debut, supporting its objective to reach a $680 million revenue goal for its chiller business.
12 Articles
12 Articles
LG Electronics projects an operating profit for the third quarter substantially below market estimates in the face of persistent commercial uncertainties, although the continuous improvement of the results keeps the South Korean giant of consumer electronics on the way to recovery this year. Exclusive material for subscribers. To have full access, access the link of the material and register.
LG Electronics recorded an operating profit of 781.8 billion won in the third quarter of this year. While home appliances and other sectors drove the performance, it fell short of market expectations due to the sluggish performance of its subsidiary, LG Innotek. LG Electronics reported consolidated sales of 23.827 trillion won and an operating profit of 781.8 billion won for the third quarter (July–September).
(Seoul = Yonhap News) KOSPI-listed company LG Electronics [066570] reported a consolidated operating profit of 781.8 billion won for the third quarter of this year, up 13.5% from the same period last year...
LG Electronics Continues Q3 Operating Profit of 781.8 Billion Won, Driven by Cash Cows in Home Appliances and Automotive Electronics, and TV Recovery; TV Business Expands Sales of Premium Products. LG Electronics continued its performance improvement in the third quarter, fueled by robust profitability in its home appliance and automotive electronics businesses, improved profitability in the TV business, and growth in its B2B business.
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