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LG Energy Solution posts record Q3 sales on ESS demand

LG Energy Solution reported record quarterly sales and a 25.7 percent rise in operating profit for the third quarter, driven by growing North American energy storage system (ESS) shipments and stronger electric vehicle demand. The company posted revenue of 9 trillion 643.4 billion won ($7.11 billion) and operating profit of 756.0 billion won ($557.2 million), marking a 59 percent increase in sales and a 25.7 percent rise in operating profit year-on-year. Yonhap reports the operating profit was 7,560 billion won, up 25.7 percent from the same period last year. Maeil Business Newspaper notes that ESS business expansion pushed quarterly sales to near 10 trillion won, with production capacity fully booked through 2028 and a 40 percent surge in fourth-quarter shipments expected. Korean media highlight the strategic shift from electric vehicles to ESS as a successful bet, with North American demand growing rapidly and a 70GWh production base under construction.

  1. LG Energy Solution posts record Q3 sales on rising ESS shipments Korea Times · 2026-11-03
  2. LG Energy Solution Posts Third-Quarter Profit Surge Business Korea · 2026-11-03
  3. LG엔솔 3분기 매출 9조6434억 ‘분기 최대’…ESS 급증에 영업익 7560억 경향신문 · 2026-11-03
  4. “2028년까지 공급물량 다 찼다”… LG엔솔, 3분기 매출 10조 육박 매일경제 · 2026-11-03
  5. ‘ESS 대박’ LG에너지솔루션, 3분기 9조6천억 ‘매출 신기록’ 경향신문 · 2026-11-03
  6. LG에너지솔루션 3분기 영업이익 7천560억원…작년 대비 26%↑ 연합뉴스 · 2026-11-03

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