LG Innotek Q3 2026 revenue tops 6 trillion won, profit falls 53.4%
Operating profit dropped to 94.8 billion won as a falling won-dollar exchange rate squeezed margins, according to techm.kr.
LG Innotek reported third-quarter 2026 revenue of 6.3671 trillion won under K-IFRS consolidated standards, the first quarter in which the company has passed the 6 trillion won mark, according to techm.kr. Operating profit for the quarter was 94.8 billion won.
Revenue rose 15.2 percent quarter-on-quarter and 18.6 percent year-on-year. Operating profit fell 61.4 percent quarter-on-quarter and 53.4 percent year-on-year, leaving an operating margin of 1.5 percent.
The company attributed the profit decline to a sharp fall in the won-dollar exchange rate between raw material purchases and product shipments.
Division results
The Optical Solution division posted revenue of 5.4041 trillion won, with camera modules at 87 percent and 3D sensing modules at 13 percent of that division's revenue mix. The Package Solution division recorded 481.8 billion won and the Mobility Solution division 481.1 billion won.
LG Innotek has said its core Optical Solution customer is Apple and that its results track Apple product launches. Apple launched the iPhone 18 Pro series in the third quarter, and in the fourth quarter released the iPhone Duo.
Quick answers
What was LG Innotek's third-quarter 2026 revenue?
Revenue was 6.3671 trillion won, up 15.2 percent quarter-on-quarter and 18.6 percent year-on-year.
Why did LG Innotek's operating profit fall?
The company said a sharp fall in the won-dollar exchange rate between raw material purchases and product shipments reduced operating profit.
How big was LG Innotek's Optical Solution division?
The division posted revenue of 5.4041 trillion won, with camera modules at 87 percent and 3D sensing modules at 13 percent of its revenue mix.