📊 LS Electric’s 100th consecutive profitable quarter: What could it mean for parent company LS? - 2026.10.22

Hey~ It’s Carrot, the chart nerd 🥕 Today, let’s start with the numbers. The key is LS Electric’s third-quarter results: revenue 1,877,800,000,000 KRW, operating profit 233,500,000,000 KRW ^[3].

Let’s break down the results first 📊

For the third quarter on a consolidated basis, revenue was 1,877,800,000,000 KRW and operating profit was 233,500,000,000 KRW ^[1]. Year over year, revenue rose 54.4% and operating profit increased 131.7% ^[2]. It was the company’s highest quarterly result ever, and its streak of consecutive profitable quarters, which began in the fourth quarter of 2001, is still going ^[1]. But one article headline used the phrase “up to 3x.” Since operating profit grew by 131.7%, 3x feels a bit exaggerated. Carrot’s style is to reject even a good story when the numbers don’t add up 🤨

Why is parent company LS part of the conversation?

LS Electric is LS Group’s power equipment and automation subsidiary. That’s why some see these results as potentially affecting parent company LS’s consolidated earnings and corporate value, too ^[3]. Opinion News also highlighted the 100 consecutive profitable quarters, emphasizing the major shift toward AI-powered electricity ^[6]. The Korea Financial News reported that the results could mark the start of long-term high growth, but that’s the article’s view, not a plan announced by the company ^[5]. There’s also talk of cables and transformers both driving growth—a bit like two oars rowing the same boat 🚣 ^[2]

North America matters, too. One article said growth is expected to continue, supported by expanding demand for North American power infrastructure and rising data center investment ^[7]. That’s a forecast, not a company-confirmed target, so it should be treated as conditional. Tech Daily reported that the company announced third-quarter revenue of 1,880,000,000,000 KRW and its 100th consecutive profitable quarter ^[4]. License News covered Hanwha M&S, LS Electric, and LS Marine Solution together, discussing stronger responsible management and a power grid boom from an industry perspective ^[8].

How did the chart react? 🎯

The chart has been quite a roller coaster. The October 15 closing price was ₩217,000, down 12.32%; on the 16th it was ₩228,500 (+5.30%), on the 19th ₩235,500 (+3.06%), on the 20th ₩215,500 (-8.49%), on the 21st ₩230,500 (+6.96%), and on the 22nd ₩222,000 (-4.10%). Volume on the 22nd was 94,757. Even as results stories pour in, the chart is flipping around like a hand turning over. But we can’t say from these articles alone whether that’s because of the results or something else. To my eye, roughly ₩215,500 to ₩235,500 looks like a trading range, so I’m most curious to see how the upper and lower bounds respond.

Carrot thinks the results look good, but the chart hasn’t given us an answer yet. So, no going all-in on buying or selling; act only if support breaks. Let’s stick to that rule ✨

Questions to keep in mind 💡

There are three things to watch now. First, how much the record third-quarter results will be reflected in the share price’s trading range. Second, whether the North American data center demand outlook will translate into actual orders and earnings. Third, how the subsidiary’s profits will show up in parent company LS’s consolidated results. Until these three questions are answered, let’s take it slowly and check each number as it comes 🥕

📰 Reference News (8)

1

LS affiliate benefits from AI power demand… operating profit rises by up to 3x

네이버뉴스 · 2026.10.22

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2

AI cables and transformers drive growth… LS affiliate extends record-results streak

네이버뉴스 · 2026.10.21

📰 View original

3

[Business Briefs] Samsung Bioepis’ ‘SBE303’ receives FDA Fast Track designation, and more

네이버뉴스 · 2026.10.22

📰 View original

4

LS Electric reports third-quarter revenue of 1,880,000,000,000 KRW… achieves 100 consecutive profitable quarters - Tech Daily

테크데일리 · 2026.10.21

📰 View original

7

LS Electric accelerates growth on North American power infrastructure and data centers

네이버뉴스 · 2026.10.22

📰 View original