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LG Electronics Third-Quarter Net Profit Rises and Beats Analyst Forecasts

LG Electronics reported third-quarter net profit of 708.4 billion won, up 54% year on year and well above the FactSet consensus, per Dow Jones Newswires.

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what happened

According to Dow Jones Newswires, LG Electronics posted third-quarter net profit of 708.4 billion won, or about $534.1 million, up 54% from a year earlier. FactSet consensus had pointed to 463.83 billion won, so the result came in well above expectations. Revenue grew 8.9% to 23.824 trillion won, and operating profit rose 14% to 781.9 billion won, both broadly matching the company's preliminary estimates.

The results were supported by solid sales growth in home appliances and premium TVs, while the vehicle-component unit posted record third-quarter revenue and operating profit thanks to a large order backlog. The company, however, warned of headwinds. It expects only a modest recovery in home-appliance demand in the fourth quarter, with memory and display-panel costs staying elevated. It also sees TV demand weakening as high oil prices and interest rates weigh on consumers.

why it matters

The result matters amid higher raw-material and shipping costs and a stronger won, as it shows the core business holding up. The shares rose 2.9% on Wednesday, though they are still up roughly 75% year to date. Investment in cooling systems for AI data centers and new businesses such as robotics remain the main growth drivers to watch.

market impact

LG Electronics shares: earnings above forecasts supports the stock

  • LG Electronics shares pressure up — profit well above the FactSet consensus

tags

EarningsStockSouth Korea

instruments

LG Electronics sharesKRW/USDBrentNvidia

sources

  1. LG Electronics Quarterly Net Profit Jumps, Topping Views — Dow Jones Newswires, 28 October 2026 at 06:01 UTC
  2. LG Electronics' Quarterly Profit Jumps, Topping Views — Update, 28 October 2026 at 06:25 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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