Yuanta cuts target for LG Innotek stock to KRW 1.20 million

Published on 10/20/2026 at 03:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit is forecast at KRW 78.70 billion versus KRW 202.90 billion consensus. The October 27, 2026 results date sets the next test for LG Innotek stock.

Analyst pressure meets portfolio expansion

Yuanta cut its target from KRW 1.40 million to KRW 1.20 million on October 8, 2026.
LG Innotek reported USD 8.22 billion in first-half revenue and USD 401.96 million in operating profit on September 30, 2026.
LG Innotek is scheduled to publish third-quarter results on October 27, 2026.

LG Innotek, KR7011070000, Illustration mit AI erstellt.

LG Innotek (ISIN KR7011070000) faces a lower earnings bar after Yuanta Securities Korea cut its target to KRW 1.20 million from KRW 1.40 million on October 8, 2026, according to Chosunbiz. The brokerage kept its buy rating while pointing to weaker near-term profitability from currency effects.

Why did the target fall?

Yuanta forecast third-quarter revenue of KRW 6.2594 trillion and operating profit of KRW 78.70 billion. The profit estimate is materially below the KRW 202.90 billion consensus cited by Aju Press on October 12, 2026.

The pressure centers on LG Innotek's optical solutions business. Chosunbiz reported that inventory produced when exchange rates were higher, combined with the timing of new-model shipments, is weighing on profitability. Yuanta expects cost pressure to ease from the fourth quarter and sees longer-term support from package-solution expansion and client diversification.

Three dates track the earnings reset

On September 30, 2026, LG Innotek said first-half revenue reached USD 8.22 billion and operating profit USD 401.96 million, up 24 percent and 296 percent year over year, respectively, in its company release. On October 8, 2026, Yuanta lowered its target from KRW 1.40 million to KRW 1.20 million. On October 12, 2026, Aju Press reported a KRW 490,000 share price and a 14.34 percent intraday decline as earnings forecasts weakened.

What date comes next?

LG Innotek is scheduled to publish preliminary third-quarter results on October 27, 2026, covering the period from July 1 through September 30, according to Moneytoring. That release should clarify whether the currency effect is concentrated in one quarter or extends into the broader earnings outlook.

Portfolio expansion remains measurable

LG Innotek's first-half rebound gives the longer-term strategy a concrete base. The company said package solutions are expanding beyond mobile applications, while its physical artificial intelligence businesses include automotive sensing and robotics components. Its September 30, 2026 release said it aims to develop future businesses into USD 5.94 billion of revenue by 2030.

LG Innotek had a market capitalization of KRW 9.5 trillion as of October 20, 2026. The valuation now sits against a near-term earnings test and a longer-term shift toward semiconductor substrates and physical artificial intelligence solutions.