Doosan Electronics Revenue Tops 800 Billion Won for First Time on AI Demand

What happened

Doosan said on Nov. 9 that its Electronics BG recorded third-quarter revenue of 802 billion won, up 82.4% from a year earlier and 18.6% from the previous quarter, exceeding 800 billion won in quarterly revenue for the first time, posting record revenue for four consecutive quarters, and surpassing securities analysts' estimates of approximately 700 billion to 740 billion won. Doosan did not disclose profitability figures for Electronics BG, but securities analysts estimate operating profit of approximately 235 billion won with an operating margin of 29% to 30%. Doosan's standalone businesses, including Electronics BG, DDI and Doota Mall, reported third-quarter revenue of 892.2 billion won and operating profit of 237.9 billion won, up 70.2% and 119.6%, respectively, from a year earlier, with an operating margin of 26.7%. The company expects growth to continue in the fourth quarter and projected fourth-quarter revenue of 814.6 billion won and full-year revenue of 2.91 trillion won for the division, a 55.1% annual increase, and forecast fourth-quarter revenue of 902 billion won and full-year revenue of 3.2618 trillion won for its overall standalone businesses. Doosan also plans to rapidly expand capacity: after announcing in April an investment of approximately 180 billion won to build a new CCL plant in Thailand, it decided in September to invest an additional 970 billion won in South Korea and China — approximately 420 billion won to expand CCL production lines for optical modules in South Korea and about 550 billion won to establish CCL manufacturing facilities for AI accelerators and network switches in China. If the expansions proceed as planned, capacity will increase to approximately 2.1 times its September level by the end of 2028 and as much as 2.7 times by the end of 2029; the expansions remain planned and not yet implemented. CCL is an essential material for forming circuits on PCBs, and Doosan Electronics BG supplies AI-related CCL to customers including Nvidia, with demand surging as AI accelerators and high-speed networking equipment require high-performance CCL that minimizes signal loss. Doosan's third-quarter consolidated revenue rose 22.2% from a year earlier to 5.4269 trillion won, with operating profit up 98.4% to 459.4 billion won. The company also approved a quarterly cash dividend of 1,000 won per share for common and preferred shares, a total payout of approximately 17.88231 billion won, with a record date of Nov. 24 and payment scheduled for Dec. 9.

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Source: The Elec · 11/10/2026 · View original source