Power Supercycle Boosts LS Electric to Record First-Quarter Results

North American Sales Reach 300 Billion Won, Up 80% Year-on-Year
Order Backlog Grows to 5.6 Trillion Won
Strengthening Capabilities in Data Centers, DC Solutions, and ESS

LS Electric achieved record-breaking first-quarter sales and operating profit, driven by an increase in global power infrastructure orders for data centers.

According to LS Electric on April 21, consolidated sales in the first quarter of this year reached 1.3766 trillion won, with operating profit at 126.6 billion won, up 33% and 45% year-on-year, respectively.

The company attributed this performance improvement to several factors: increased investment in AI data centers by major big tech companies, expansion of facility investment in key industries such as semiconductors, and growing global demand for power infrastructure driven by the proliferation of renewable energy.

LS Electric Data Center World 2026 Exhibition Booth Perspective. LS Electric

Overseas business, particularly in North America, led the company’s growth. First-quarter sales in North America amounted to approximately 300 billion won, marking an 80% increase year-on-year and setting an all-time quarterly record. In North America, LS Electric secured orders for direct current (DC) products from data center microgrid customers, establishing a foundation to respond to the expanding DC solutions market.

LS Electric is accelerating efforts to strengthen its capabilities in direct current solutions, including high-voltage direct current (HVDC) transmission and low-voltage direct current (LVDC) distribution. As data centers increasingly require higher power, DC power grids are emerging as a stable and efficient alternative for power supply in the electrification era by minimizing power conversion stages and reducing energy loss.

In the ASEAN region, strong sales growth was recorded, especially in Vietnam—which maintains an overwhelming number one position in the low-voltage power equipment market—and Indonesia, where power infrastructure investment is surging. Sales at the Vietnam subsidiary increased by 45% year-on-year, while PT Sinpos, the Indonesian power equipment company acquired in 2023, saw its sales rise by 75% over the previous year.

First-quarter sales of LS Electric’s high-voltage transformers rose 83% year-on-year, following the full operation of the second high-voltage transformer production building in Busan. Last year, LS Electric completed construction of this second production facility at its Busan site, tripling production capacity from 200 billion won to 600 billion won. The sales of LS Power Solution, the high-voltage transformer subsidiary acquired in 2024, also grew by 24% year-on-year.

In the rapidly growing global energy storage system (ESS) market, LS Electric is simultaneously expanding both its supply of power equipment and its system integration (SI) business, thereby strengthening its competitiveness in new business areas. The company’s first-quarter ESS sales tripled compared to the previous year and increased by 50% from the previous quarter, demonstrating a steep growth trajectory.

LS Electric’s order backlog at the end of the first quarter stood at 5.6 trillion won, up by approximately 600 billion won from the end of last year (5 trillion won). Of this, high-voltage transformer orders accounted for the majority, at 3.1 trillion won.

An LS Electric representative stated, “As global big tech companies rapidly increase data center investments and build microgrids for independent power supply, the overall demand for power infrastructure is translating into strong performance. We will continue to expand orders and improve profitability, focusing on core businesses that will lead the future power market—including data centers, DC solutions, and ESS.”

This content was produced with the assistance of AI translation services.