LG Uplus Q3 Operating Profit Jumps 84%, AI Data Center Revenue Rises 27%

What happened

On Nov. 4, LG Uplus reported its third-quarter 2026 results: consolidated revenue fell 0.7% from a year earlier to 3.9813 trillion won, operating profit rose 84% to 297.6 billion won, and net profit increased 272% to 183.1 billion won. The sharp operating profit increase was largely attributable to a low comparison base, as the company recorded 150 billion won in voluntary retirement costs in the third quarter of 2025, reducing that quarter's operating profit to 161.7 billion won; excluding those expenses, last year's operating profit would have been 311.7 billion won, 14.1 billion won higher than this year's third-quarter figure. By segment, third-quarter enterprise infrastructure revenue increased 10% from a year earlier to 472.2 billion won, within which AI data center (AIDC) revenue rose 27% to 131.7 billion won, accounting for 27% of enterprise infrastructure revenue; AIDC revenue rose steadily this year from 114.4 billion won in the first quarter to 124.1 billion won in the second quarter and 131.7 billion won in the third quarter. The company is building a data center in Paju, Gyeonggi Province, with total power intake capacity of 200 megawatts, planning to bring four buildings into operation in stages by 2028; Building 1, with 50 MW capacity and a customer already secured, is scheduled for completion in June 2027, and demand has been secured for Buildings 2 through 4. In June, LG Uplus announced a target of securing 5 trillion won in cumulative AIDC orders by 2030, and standalone third-quarter capital expenditure rose 30% from a year earlier to 569.8 billion won.

Impact and signal

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Source and time

Source: The Elec · 11/4/2026 · View original source