LG Energy Solution Preliminary Q2 2026 Results: Sales Up but Operating Profit Plunges
Consolidated preliminary sales for Q2 2026 reached KRW 7.56 trillion, up 24.8% YoY, while operating profit turned positive to KRW 113.3 billion but plunged 77.0% YoY.
Excluding US IRA Advanced Manufacturing Production Credit effects, Q2 operating loss was KRW 127.7 billion with an operating margin of -1.7%, indicating need for profitability improvement.
These results are preliminary and subject to change after final audit.
[AI Summary]Despite revenue growth, LG Energy Solution's Q2 operating profit sharply declined, raising profitability concerns. Excluding IRA subsidies, the company recorded an operating loss, highlighting the urgency of fundamental competitiveness improvement. This may negatively impact the stock price in the short term.