Battery maker returned to quarterly operating profit as North American ESS shipments improved, but it would have remained loss-making without KRW 241 billion in U.S. AMPC benefits.
LG Energy Solution reported second-quarter 2026 revenue of KRW 7.56 trillion and operating profit of KRW 113.3 billion, returning to operating profit after three consecutive quarters of losses as North American energy storage system shipments rose, EV battery mix improved and fixed-cost pressure eased. The results, announced in full on July 30 after preliminary figures on July 7, included KRW 241 billion in Advanced Manufacturing Production Credit benefits under the U.S. Inflation Reduction Act; excluding that support, the company said revenue would have been KRW 7.32 trillion and it would have posted an operating loss of KRW 127.7 billion. LG Chem, which reported its own second-quarter results on July 31, said LG Energy Solution’s rebound helped group earnings beat market expectations while cautioning that broader market conditions remain challenging.