LG Energy Solution posts KRW 6.6 trillion revenue and KRW 207.8 billion operating loss in Q1 2026
LG Energy Solution reported Q1 2026 consolidated revenue of KRW 6.6 trillion and an operating loss of KRW 207.8 billion, driven by ramp-up costs and a shift in product mix.
KRW 6.6 trillion
KRW 207.8 billion
over 100 GWh
What Happened
LG Energy Solution posted consolidated revenue of KRW 6.6 trillion in the first quarter of 2026, a 1.2% increase quarter-on-quarter. The operating deficit stood at KRW 207.8 billion, attributed to initial ramp-up costs for ESS production sites and a decline in pouch-type EV battery sales in North America.
over 100 GWhGWh
Total order backlog exceeded 440 GWh as of April 2026.
- Strengthening cash flow management through EBITDA growth and asset divestment
- Maximizing response to customer demand for ESS and cylindrical EV batteries
- Stabilizing the supply chain with proactive sourcing and logistics planning
- Reinforcing product competitiveness with next-generation technologies like dry electrode processing and all-solid-state batteries
Why this matters
Despite a quarterly loss, the company secured over 100 GWh in new orders for its 46-Series cylindrical EV batteries and is expanding its North American ESS production capacity, signaling strong future demand.
Terms in This Story
- Cylindrical battery
- A type of battery with a cylindrical shape, commonly used in electric vehicles for its energy density and durability.
- ESS (Energy Storage System)
- A system that stores electrical energy for later use, often used for grid stability and backup power.
- Pouch-type battery
- A flexible, lightweight battery design often used in electric vehicles, but less common than cylindrical or prismatic types.
Summarised from the linked release; details can be imperfect — always verify against the original source.