LS Electric achieved record-breaking quarterly results in Q2, driven by a global power infrastructure supercycle and surging AI data center demand. The company disclosed on the 23rd that Q2 consolidated revenue reached 1.577 trillion won, with operating profit of 178.5 billion won—representing year-over-year increases of 32.2% and 64.4% respectively. Compared to the previous quarter, revenue and operating profit grew 14.6% and 41.0% respectively, setting new all-time quarterly records. The operating margin reached 11.3%, up 2.2 percentage points year-over-year, attributed to an increased proportion of high-margin projects and improved factory utilization rates—indicating entry into a structural profit improvement phase. Net profit totaled 115.8 billion won, up 72.2% year-over-year. The performance surge was primarily driven by the power business segment, which benefited from global Big Tech companies' AI data center construction and aging power grid modernization initiatives.
LS Electric Records 1.577 Trillion Won Revenue and 178.5 Billion Won Operating Profit in Q2
LS Electric announced through a disclosure on the 23rd that Q2 consolidated revenue reached 1.577 trillion won and operating profit totaled 178.5 billion won. Year-over-year comparisons showed revenue growth of 32.2% and operating profit growth of 64.4%. Sequential quarterly comparisons revealed revenue increased 14.6% and operating profit rose 41.0%, breaking previous all-time quarterly records. The operating margin stood at 11.3%, reflecting a 2.2 percentage point increase year-over-year. Net profit reached 115.8 billion won, up 72.2% compared to the same period last year.
Power Business Segment Generates 1.0915 Trillion Won Revenue with 50.8% Profit Growth
The power business segment served as the primary growth driver. Q2 power business revenue reached 1.0915 trillion won, up 34.4% year-over-year, while operating profit totaled 137.4 billion won, representing a 50.8% increase. Distribution panel revenue grew 45.4% to 419.3 billion won, and ultra-high voltage transformer revenue surged 91.2% to 158.1 billion won. The growth resulted from the convergence of AI data center construction by global Big Tech companies and power grid modernization projects.
North America Market Delivers Quarterly Record 400 Billion Won Revenue
Regional performance showed particularly strong results in North America. The North American market alone generated approximately 400 billion won in quarterly revenue, marking a regional record. LS Electric strengthened its North American market position through investments in local production facilities, including the Utah plant expansion and the Texas Bastrop campus.
Automation and Subsidiary Segments Show Recovery with 108.9% and 144.6% Profit Increases
The automation and subsidiary segments demonstrated balanced recovery. Automation business operating profit reached 9.4 billion won, up 108.9% year-over-year, driven by increased domestic facility investments. The subsidiary and consolidation adjustment segment operating profit totaled 31.8 billion won, surging 144.6%, supported by strong new orders and full-scale delivery operations at LS Power Solution.
Order Backlog Surpasses 7 Trillion Won with 2.0835 Trillion Won New Orders
The order pipeline remained robust. Q2 new orders totaled 2.0835 trillion won, while the order backlog reached 6.9998 trillion won (approximately 7 trillion won), representing an increase of approximately 1.4 trillion won from the previous quarter. The ultra-high voltage transformer order backlog alone amounted to 3.3453 trillion won. LS Electric stated it will expand orders focused on high-value-added products in line with growing global power infrastructure demand, and will continue increasing market share in future power solution markets including high-voltage direct current transmission (HVDC) and low-voltage direct current distribution (LVDC).
FAQ
What revenue and profit did LS Electric record in Q2?
LS Electric disclosed on the 23rd that Q2 consolidated revenue reached 1.577 trillion won and operating profit totaled 178.5 billion won, representing year-over-year increases of 32.2% and 64.4% respectively.
How much did LS Electric's power business segment grow in Q2?
The power business segment generated 1.0915 trillion won in revenue (up 34.4% year-over-year) and 137.4 billion won in operating profit (up 50.8% year-over-year), driven by AI data center construction and power grid modernization projects.
What is LS Electric's current order backlog?
LS Electric's order backlog reached 6.9998 trillion won (approximately 7 trillion won) as of Q2, with ultra-high voltage transformer orders alone totaling 3.3453 trillion won.
