LG Electronics, US50186Q2021

LG Electronics misses profit forecast as Meritz raises target for LG Electronics stock

Published on 10/07/2026 at 06:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LG posted KRW 781.8 billion operating profit, up 13.5 percent year over year. Meritz raised its target to KRW 250,000 for LG Electronics stock.

LG Electronics, US50186Q2021, Illustration mit AI erstellt.

LG Electronics (US50186Q2021) reported preliminary third-quarter operating profit of KRW 781.8 billion on October 7, 2026, up 13.50 percent from the same period a year earlier. The result came below market expectations, while Meritz Securities maintained its Buy rating and raised its target from KRW 220,000 to KRW 250,000, according to Asiae on October 7, 2026.

Profit grows below consensus

Investing.com reported that preliminary third-quarter revenue reached KRW 23.83 trillion, up 8.90 percent year over year. Operating profit of KRW 781.8 billion stood 17.00 percent below the KRW 941.7 billion consensus compiled by Yonhap Infomax.

The earnings signal is mixed in a precise way: operating profit grew at a double-digit rate, yet the shortfall against expectations gave the market a weaker near-term earnings reference. LG Electronics said the preliminary figures remain subject to the full third-quarter report later in October, according to the same Investing.com report.

AI cooling and robotics support target

Meritz analyst Seungsu Yang linked the higher valuation case to artificial intelligence data center cooling and robotics. His report projects an AI cooling order backlog of KRW 3 trillion by the end of 2026 and says robotics commercialization is expected to begin at scale in 2027, EDAILY reported on October 6, 2026.

The growth argument has an operating bridge. LG Electronics secured KRW 600 billion of cooling-solution orders in the first half of 2026, with delivery lead times estimated at six to nine months, while Shinhan Investment and Securities projected third-quarter revenue of KRW 24.1 trillion and operating profit of KRW 1 trillion, according to Financial News on October 2, 2026.

KRX quote reflects earnings pressure

LG Electronics was trading at KRW 212,500 on the KRX on October 7, 2026 at 12:56 p.m. KST, down 8.60 percent from the prior close of KRW 232,500. The company operates across consumer electronics, home appliances, vehicle components and commercial solutions, with technology and consumer electronics as its core classification.

The Lang & Schwarz prior close was EUR 28.60 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of LG Electronics stock.