LG Electronics Q3 Preliminary Operating Profit Rises to 781.8 Billion Won; Shares Drop 8.62%

LG Electronics Ltd. (066570.KS, 066575.KS) reported preliminary third-quarter operating profit of 781.80 billion won and consolidated revenue of 23.83 trillion won, up from 688.9 billion won and 21.87 trillion won a year earlier. Shares fell about 8.62% to 212,500 won in South Korea. The company said core businesses held strong market positions despite geopolitical instability and macroeconomic volatility, with B2B growth supporting revenue. Profitability improved by double digits year-on-year. Home appliances and vehicle solutions remained stable cash generators, while the TV business improved on a premium product mix and cost efficiencies. LG accelerated investment in AI data center cooling and robotics infrastructure. For the first nine months of 2026, LG posted record operating profit of 4.03 trillion won and revenue of 71.38 trillion won, marking the first time nine-month revenue exceeded 70 trillion won and operating profit topped 4 trillion won.