LG Innotek stock reports a 296 percent profit rebound

Published on 09/30/2026 at 17:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LG Innotek stock reported USD 8.22 billion in first-half 2026 revenue on September 30, 2026. Operating profit rose 296 percent, while Daishin cut its target.

LG Innotek, KR7011070000, Illustration mit AI erstellt.

LG Innotek stock is backed by a first-half operating profit of USD 401.96 million, up 296 percent year over year, while the company laid out a broader semiconductor and physical AI strategy. PR Newswire reported the figures on September 30, 2026, including first-half revenue of USD 8.22 billion, up 24 percent from the same period.

Profit rebounds in the first half

The earnings mix matters because the first half is traditionally an off-peak period for LG Innotek. The company said the USD 401.96 million operating profit was its best first-half result since 2022, when the comparable figure was USD 480.79 million, according to Automotive World on September 30, 2026.

Semiconductor substrates are becoming the main diversification lever beyond mobile camera modules. LG Innotek started high-volume production of FC-BGA substrates for PC processors in the third quarter of 2026 and plans to enter AI accelerator and AI server markets from 2027, per PR Newswire.

Analyst target reflects currency risk

The positive operating trend is competing with a near-term margin concern. CHOSUNBIZ reported on September 29, 2026, that Daishin Securities reduced its target price from KRW 1.30 million to KRW 920,000.00 while maintaining a Buy rating. The broker projected third-quarter operating profit of KRW 149.6 billion, down 26.6 percent year over year, against consensus of KRW 302.0 billion.

The counterweight is the longer-term substrate plan. LG Innotek targets USD 5.94 billion in revenue from future businesses, including semiconductor substrates and physical AI, by 2030, equal to 25 percent of total revenue; its package solution business targets USD 743 million in operating profit by 2031.

KRX valuation and business targets

LG Innotek was last at KRW 564,000.00 on the KRX on September 30, 2026 at 3:30 p.m. KST. The same market snapshot showed a market capitalization of KRW 13.3 trillion and a 52-week range of KRW 182,600.00 to KRW 1,788,000.00.