LS Electric wins KRW 170 billion deal: NH cuts LS Corp stock target to KRW 500,000

Published on 10/20/2026 at 01:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue of KRW 11.0 trillion frames LS Corp stock. Operating profit reached KRW 596 billion in the second quarter, up 152.8 percent year over year.

Contracts and valuation

LS Electric secured a KRW 170 billion contract on October 19, 2026.
Second-quarter revenue reached KRW 11.0 trillion, up 40.3 percent year over year.
NH Investment and Securities cut its target from KRW 600,000 to KRW 500,000 on October 13, 2026.

LS Corp, KR7006260004, Illustration mit AI erstellt.

LS Corp (ISIN KR7006260004) gained a KRW 170 billion U.S. data-center switchgear contract through subsidiary LS Electric on October 19, 2026. Yonhap News Agency reported that the 38-kilovolt equipment will serve a hyperscale artificial intelligence data center, with supply planned for 2027.

A larger data-center pipeline

The October 19 contract gives LS Electric another U.S. power-infrastructure order, although the customer was not identified. The agreement runs through 2028, and future supply volumes will be discussed with the U.S. technology company, according to Yonhap News Agency.

What does the order mean for earnings?

LS Corp reported KRW 11.0 trillion of consolidated revenue in the second quarter of 2026, up 40.3 percent from a year earlier, while operating profit reached KRW 596 billion, up 152.8 percent year over year. The figures and quarterly comparison are listed by ATS View from company filings. The operating margin was 5.4 percent, compared with 3.0 percent in the second quarter of 2025.

Three dates show the progression

On October 13, 2026, Aju Press reported that NH Investment and Securities cut its target from KRW 600,000 to KRW 500,000; on the same date, LS Electric signed a KRW 185.3 billion contract for U.S. data-center equipment; on October 19, 2026, it secured the KRW 170 billion switchgear order reported by Yonhap News Agency.

Upcoming delivery milestones

The related October 13 contract calls for deliveries between April 2027 and July 2027, according to Yonhap. The schedule provides a concrete operating milestone, while the October 19 agreement leaves later supply volumes subject to consultation.

Investor perspective

The latest order flow supports LS Corp's exposure to power equipment and data-center infrastructure, but the analyst view also highlights valuation pressure. NH Investment and Securities expects third-quarter revenue of KRW 10.5146 trillion and operating profit of KRW 463.4 billion, below consensus of KRW 493 billion, according to Aju Press.