LG Energy Solution Posts Record Q3 Revenue on ESS Demand
LG Energy Solution reported preliminary Q3 revenue of 9.6434 trillion won, up 59.0% year-on-year, as analysts forecast Samsung SDI gains.
LG Energy Solution announced preliminary third-quarter results on October 12, 2026, reporting record quarterly revenue of 9.6434 trillion won. Operating profit for the quarter reached 756 billion won, according to etnews.com.
Revenue rose 59.0% year-on-year, while operating profit increased 25.7%. Excluding the 416.9 billion won U.S. AMPC tax credit, operating profit stood at 339.1 billion won.
The company attributed the record revenue to North American ESS shipments. Analysts at NH Investment & Securities also forecast improved results for Samsung SDI, projecting Q3 revenue of 3.958 trillion won and operating profit of 260.3 billion won.
NH Investment & Securities projected Samsung SDI's ESS shipments would rise from 12GWh last year to 21GWh this year and 34GWh next year.
Background
In the second quarter, SK On recorded its largest post-spinoff profit of 821.8 billion won, helped by one-off gains including customer compensation. SK On is expected to begin supplying LFP batteries for ESS to Flatiron in the U.S. starting in the fourth quarter.
Quick answers
What were LG Energy Solution's Q3 revenue and operating profit?
LG Energy Solution reported preliminary Q3 revenue of 9.6434 trillion won and operating profit of 756 billion won.
What did NH Investment & Securities forecast for Samsung SDI's Q3 results?
NH Investment & Securities forecast Samsung SDI's Q3 revenue at 3.958 trillion won and operating profit at 260.3 billion won.
How much did LG Energy Solution's revenue grow year-on-year?
LG Energy Solution's Q3 revenue rose 59.0% year-on-year, with operating profit up 25.7%.