[CLSTR]
< Back to situation

[REVISION HISTORY]

LG Energy Solution Q2 2026 profit rebound

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-07-30 04:33 UTC → 2026-07-31 02:01 UTC · added removed

LG Energy Solution Q2 2026 results profit rebound

In early July 2026, 2026 LG Energy Solution signaled warned of a steep decline in quarterly profit, reporting a 77 % drop in quarterly profit as electric‑vehicle EV demand softened weakened in North America and noting that sales of its energy‑storage systems (ESS) were helping to offset the weakness. America. By the end of July, late July the company released detailed figures showing disclosed a Q2 net loss of 328.6 billion won for Q2 2026, compared won, with a profit of 90.6 billion won a year earlier. Operating operating profit fell 77 % falling to 113.3 billion won, while total revenue rose 24.8 its energy‑storage‑system (ESS) segment grew 4.6‑times year‑on‑year and reached the high‑20 % to 7.56 trillion won. share of revenue. The loss was attributed linked to sluggish EV sales and the temporary shutdown of shutdowns at its Ultium Cells joint‑venture plants in Ohio and Tennessee. Meanwhile, the ESS segment grew 4.6‑times year‑on‑year, now representing the high‑20 % share of overall revenue, driven plants, but was partially offset by capacity expansion at five North American sites. LG Energy Solution also secured a U.S. Inflation Reduction Act tax credit of 241 billion won for advanced‑manufacturing production. won. On 29 July, U.S. integrator FlexGen announced launched its European launch, underscoring operations, highlighting rising demand for grid‑scale battery storage across the UK, Nordics and other markets. In the same briefing, storage. LG Energy Solution reported a return to operating profit for the quarter, crediting Q2, driven by a surge in ESS shipments that lifted ESS revenue more than four‑fold year‑on‑year to about 20 % of total sales. The company increase in ESS revenue, and projected more than over 50 GWh of North‑American storage capacity by year‑end, year‑end. A day later, LG Energy Solution confirmed the profit turnaround, posting consolidated Q2 revenue of 7.56 trillion won and its CFO highlighted that operating profit of 113.3 billion won (1.5 % margin). The rebound was powered by the ESS surge, strong pouch‑cell orders for European EV customers, and the same U.S. production credits tax credit. Samsung SDI and SK On also contributed recorded profits after multiple quarters of losses, citing ESS, UPS and data‑centre battery demand. The three South Korean makers expect continued ESS expansion, with LG planning to double its North‑American ESS capacity in the profit rebound. second half of the year and raise shipments by roughly 50 % in Q3.

Versions

  1. 2026-07-31 02:01 UTC LG Energy Solution Q2 2026 profit rebound
  2. 2026-07-30 04:33 UTC LG Energy Solution Q2 2026 results
  3. 2026-07-30 02:35 UTC LG Energy Solution Q2 2026 results

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.