LS Electric, KR7010120004

LS Electric stock gained 1.70 percent on October 2

Published on 10/04/2026 at 18:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LS Electric stock secured a KRW 180 billion transformer contract on October 1, 2026, for a US AI data center. Q2 revenue rose 32.2 percent year over year to KRW 1.58 trillion.

LS Electric, KR7010120004, Illustration mit AI erstellt.

LS Electric stock gained 1.70 percent to KRW 209,500 on October 2, 2026, at 3:30 p.m. KST, while the company advanced its North American data-center strategy with a KRW 180 billion transformer contract. Yonhap News Agency reported on October 1, 2026, that LS Electric will supply 345-kilovolt transformers for a hyperscale artificial intelligence data-center project in the United States.

KRW 180 billion order reaches US

The contract is scheduled for completion by 2030 and covers a major US technology company. The customer was not identified in the report, but the order connects LS Electric's high-voltage transformer capacity directly with the power demand created by AI computing.

Transformer Magazine reported on October 2, 2026, that the project will use 345 kV ultra-high-voltage transformers and is expected to be completed in 2030. The contract value equals 11.4 percent of Q2 revenue, based on the latest quarterly figure of KRW 1.58 trillion.

Q2 revenue rises 32.2 percent

LS Electric reported KRW 1.58 trillion in Q2 2026 revenue, up 32.2 percent from the same quarter a year earlier. Operating profit reached KRW 179 billion, with an 11.3 percent margin, compared with a 9.2 percent margin in Q1 2026, according to ATS View.

The quarter also produced KRW 116 billion in net income. The combination of revenue growth and a higher operating margin gives the new US order more significance than a standalone contract announcement because it arrives while the core business is already expanding.

Consensus target stays above KRW 288,824

A consensus compiled from 18 brokerages put the average price target at KRW 288,824, or 37.9 percent above the October 2 price of KRW 209,500, according to Butler. The target is a published market estimate, not a forecast created for this article.

Technical context is tighter. LS Electric's October 2 price stood below the KRW 335,000 52-week high and above the KRW 58,100 52-week low, leaving a broad trading span around the latest quote.

Stock was last at KRW 209,500

LS Electric was last at KRW 209,500 on the Korea Exchange KOSPI market on October 2, 2026, at 3:30 p.m. KST. Market capitalization was KRW 31.2 trillion and volume was 289,926 shares on the same date.