KT Corporation stock weighs a 50 MW AI data center project

Published on 10/08/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KT Corporation stock closed at USD 18.91 on October 7, 2026, as KT Cloud joined a 50-megawatt project. Q2 revenue fell 10.1 percent year over year.

KT, US48268K1016, Illustration mit AI erstellt.

KT Corporation (ISIN US48268K1016) stock closed at USD 18.91 on the NYSE on October 7, 2026, down 0.47 percent from the prior session. The latest company-linked project gives the market a fresh AI infrastructure angle: Seoul Economic Daily reported that KT Cloud joined a 50-megawatt data center project on October 7, 2026.

AI infrastructure gains a new site

KT Cloud will act as the design, build and operate partner for the Cheongna facility in Incheon. Construction is scheduled to begin in the fourth quarter of 2026, with completion targeted for the first quarter of 2030, according to Seoul Economic Daily.

The project fits KT Cloud's broader capacity plan. MK reported that KT Cloud plans to supply more than 1 gigawatt of AI data center capacity across 20 sites by 2031.

Q2 revenue sets the counterweight

KT's operating picture is less uniform than its infrastructure strategy. In Q2 2026, revenue fell 10.1 percent year over year to KRW 6.68 trillion, while operating profit reached KRW 648 billion and net income stood at KRW 481 billion, according to ATS View.

That comparison matters because Q1 2026 revenue was KRW 6.78 trillion and operating profit was KRW 483 billion. The quarter therefore brought lower revenue but higher operating profit, pointing to a margin improvement that investors may weigh against the top-line decline.

Consensus target stays above the close

The published consensus rates KT Buy, with one Buy, three Hold and zero Sell recommendations across four analysts. The average 12-month price target is USD 21.94, with a high of USD 26.00 and a low of USD 20.00, according to Investing.com; the average target is 16.0 percent above the October 7 close.

KT stock stays below its yearly high

KT stock closed at USD 18.91 on the NYSE on October 7, 2026. Its 52-week range was USD 17.13 to USD 24.58, market capitalization was USD 9.1 billion, and trading volume was 1,412,427 shares.