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LG's Q3 profit dipped due to U.S. tariffs, but beat estimates; LG Energy Solution surged on strong U.S. EV battery demand ahead of tax credit deadline.
LG Electronics posted a preliminary 8.4% drop in third-quarter operating profit to 688.9 billion won ($482.5 million) in 2025, mainly due to rising U.S. tariffs, though the result beat expectations by over 10%.
Revenue fell 1.4% to 21.88 trillion won ($15.3 billion), still the second-highest in company history.
Meanwhile, LG Energy Solution reported a 34.1% year-on-year profit increase to 601.3 billion won ($422.8 million), driven by strong U.S. demand for EV and energy storage batteries ahead of a tax credit deadline.
The company warned of slowing EV demand in early 2026 due to expired incentives and potential tariffs, while resuming limited U.S. travel after a September immigration raid halted construction at a Georgia plant.
Las ganancias del tercer trimestre de LG se redujeron debido a los aranceles estadounidenses, pero superaron las estimaciones; LG Energy Solution aumentó debido a la fuerte demanda de baterías de vehículos eléctricos estadounidenses antes de la fecha límite del crédito fiscal.