LG Energy Solution Q3 Revenue Jumps 27.6% to KRW 9.6 Trillion
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SEOUL – November 02, 2026 -- 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 and an operating margin of 7.8%. Revenue includes a North America production incentive of KRW 416.9 billion, reflecting volume growth led by higher ESS shipments in the region.
Growth came from sharply higher ESS shipments, increased EV pouch-type battery shipments led by high-voltage mid-nickel products, and steady supply of 21- and 46-Series cylindrical batteries for EVs. Operating profit benefited from better plant utilization in Europe, rising cylindrical volumes, and a lower fixed-cost burden as North American ESS capacity gradually stabilized.