Yuanta cuts target for LG Innotek stock to KRW 1.20 million

Published on 10/14/2026 at 00:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Yuanta forecast KRW 78.7 billion third-quarter operating profit on October 8. LG Innotek stock faces KRW 202.9 billion consensus.

Profit estimates and analyst targets

Yuanta Securities Korea reduced its LG Innotek target from KRW 1.40 million to KRW 1.20 million on October 8, 2026.
Yuanta projected third-quarter operating profit of KRW 78.7 billion.
LG Innotek is scheduled to report quarterly results on October 27, 2026.

LG Innotek, KR7011070000, Illustration mit AI erstellt.

LG Innotek (KR7011070000) is facing a sharply lower third-quarter profit outlook after Yuanta Securities Korea cut its target from KRW 1.40 million to KRW 1.20 million on October 8, 2026. The brokerage kept its Buy rating while projecting third-quarter operating profit of KRW 78.7 billion and revenue of KRW 6.2594 trillion.

Profit estimates reset sharply

The target reduction reflects pressure on the optical solutions business from won appreciation and the timing gap between material purchases, inventory production and customer shipments. Nate reported on October 13, 2026 that the market consensus for third-quarter operating profit stood at KRW 202.9 billion as of October 8, making Yuanta's KRW 78.7 billion projection 61.20 percent below that consensus.

The near-term issue is profitability rather than sales volume. Yuanta's revenue forecast of KRW 6.2594 trillion represented 16.60 percent growth from a year earlier, while its operating profit forecast pointed to a much weaker conversion of sales into earnings.

Three dated business milestones

On June 4, 2026, LG Innotek agreed on a Vietnam expansion plan linked to a 2028 mass-production target for semiconductor substrates, according to Korean Tech Texas. On September 30, 2026, the company reported first-half revenue of USD 8.22 billion and operating profit of USD 401.96 million, up 24 percent and 296 percent year over year, respectively, in its company release. The October 8 target cut is the latest of the three milestones.

What does the estimate cut mean?

The contrast between USD 8.22 billion of first-half revenue and the KRW 78.7 billion third-quarter operating profit forecast shows why investors are concentrating on margins. Package Solutions and physical artificial intelligence projects offer longer-term diversification, but the current earnings picture remains dominated by camera-module costs and currency effects.

Next reporting date

LG Innotek is scheduled to report quarterly results on October 27, 2026, according to Investing.com. LG Innotek had a market capitalization of KRW 10.7 trillion on October 13, 2026, while its latest reported second-quarter revenue was KRW 5.53 trillion and operating profit was KRW 245.75 billion.