LG Energy Solution posts KRW 9.6 trillion in Q3 2026 revenue, KRW 756 billion operating profit
LG Energy Solution posted third-quarter 2026 consolidated revenue of KRW 9.6 trillion, up 27.6% quarter on quarter, with operating profit of KRW 756 billion, a 7.8% margin that includes KRW 416.9 billion in North America production incentives. Growth was driven by energy storage system shipments, higher EV pouch shipments led by high-voltage mid-nickel cells, and its 21- and 46-Series cylindrical batteries. The company secured its first direct-supply behind-the-meter storage project for a big tech customer and qualified as an NVIDIA DSX Ready BESS partner. It is targeting more than 70 GWh of storage capacity and over 20 GWh of cylindrical capacity in North America by the end of 2027, with US production of its 46-Series cylindrical batteries by the end of 2026.
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