[Edaily Reporter Hyera Lee ] On the 3rd, Hana Securities projected that LGELECTRONICS(066570)would post second-quarter earnings exceeding market expectations. The firm also raised its target price to 260,000 won, noting that new business ventures—such as data center cooling systems and robotics—are expected to gain momentum.

Kim Min-kyung, an analyst at Hana Securities, stated, “Second-quarter operating profit is expected to significantly exceed the market consensus.” She added, “While the effect of tariff refunds is the primary factor, it is positive that the company is defending its profitability through price hikes and cost efficiency—even excluding this factor—amid an environment where raw material and logistics costs remain a burden.”
Hana Securities estimated LGELECTRONICS’ second-quarter standalone revenue at 18.0577 trillion won and operating profit at 1.2489 trillion won. These figures represent year-over-year increases of 6.6% and 100%, respectively, and are expected to significantly exceed market expectations.
The firm also forecast that consolidated earnings would exceed expectations. Analyst Kim explained, “Due to the strong won-dollar exchange rate and robust iPhone sales, LG Innotek’s operating profit is also expected to exceed previous estimates.”
New business ventures are expected to drive stock price growth in the second half of the year. Analyst Kim stated, “Quality testing for cooling systems for AI data centers, targeting hyperscaler clients in North America, has entered its final stages,” adding, “We expect these systems to begin contributing to earnings within 6 to 9 months after the final tests are completed.”
He highlighted the robotics business in particular. “We are building a data factory for training humanoid robots,” he said. “By accumulating the motion data needed to advance the Robot Foundation Model (RFM), we will be able to expand our business into the broader markets for home and industrial robots in the medium to long term.”
Researcher Kim stated, “Amid a sustained trend of stable earnings driven by improved profit resilience through cost efficiency, short-term earnings growth from tariff refunds and the full-scale launch of new businesses will act as catalysts for share price appreciation,” adding, “We expect the data center cooling system to begin contributing to earnings starting in the second half of next year.”