LG Innotek stock: Hana Securities cuts target to KRW 530,000

Published on 10/24/2026 at 04:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hana Securities sees KRW 5.95 trillion third-quarter sales and KRW 90.70 billion profit. LG Innotek stock reports on October 27, 2026.

Target and earnings dates

Hana Securities cut its LG Innotek target from KRW 1.30 million to KRW 530,000 on October 23, 2026.
LG Innotek reported first-half 2026 revenue of USD 8.22 billion and operating profit of USD 401.96 million.
LG Innotek is scheduled to report third-quarter 2026 results on October 27, 2026.
Hana Securities sees package solutions contributing 29 percent of operating profit in 2027 and 39 percent in 2028.

LG Innotek, KR7011070000, Illustration mit AI erstellt.

LG Innotek (KR7011070000) faces a reduced target of KRW 530,000 from Hana Securities, down from KRW 1.30 million in the October 23, 2026 report by ChosunBiz. The brokerage kept its Buy rating while pointing to cost pressure, foreign-exchange effects and uncertainty around smartphone demand.

The last KRX quote for LG Innotek was KRW 379,000 on October 23, 2026. The same quote data put market capitalization at KRW 9.0 trillion, while the 52-week range ran from KRW 214,000 to KRW 1,788,000.

Profit pressure sets the near-term test

Hana Securities forecasts third-quarter 2026 revenue of KRW 5.9494 trillion and operating profit of KRW 90.70 billion. That would mean revenue growth of 11 percent from the prior-year quarter but a 56 percent decline in operating profit, according to ChosunBiz.

What does the target cut leave investors watching?

The answer is whether substrate growth can offset weaker near-term margins. LG Innotek reported first-half 2026 revenue of USD 8.22 billion and operating profit of USD 401.96 million, increases of 24 percent and 296 percent year over year, respectively, in its September 30, 2026 release linked by LG Innotek.

Three dated signals for the stock

On July 28, 2026, Nomura cut its target to KRW 640,000 from KRW 930,000 while keeping a Neutral view, as listed by MarketScreener. On September 30, 2026, LG Innotek highlighted its first-half revenue and profit rebound. On October 23, 2026, Hana Securities lowered its target to KRW 530,000 while retaining Buy.

The next reporting date

LG Innotek is scheduled to release third-quarter 2026 results on October 27, 2026, according to the financial calendar displayed by MarketScreener. The report will test the KRW 90.70 billion operating-profit forecast against the companys recent earnings recovery.

Substrates offer a longer-term counterweight

Hana Securities projects the package solution division will contribute 29 percent of companywide operating profit in 2027 and 39 percent in 2028. That forecast gives the target cut a clear counterweight: near-term smartphone and currency pressure is being measured against a larger semiconductor-substrate opportunity.