Gaon Cable Achieves Record First-Quarter Results... U.S. AI Data Center Busduct Supply Drives Growth

Sales and Operating Profit Rise Year-on-Year
Growth of U.S. Manufacturing Subsidiary Gains Momentum
Expansion of Busduct Supply for Data Centers

Gaon Cable achieved its highest-ever quarterly sales and operating profit in the first quarter.

On May 15, Gaon Cable announced that for the first quarter of 2026, it recorded sales of 763.6 billion won and operating profit of 27.8 billion won.

Sales and operating profit increased by 19.4% and 27.2%, respectively, compared to 639.3 billion won and 21.9 billion won in the same period last year. Both figures set new record highs for the first quarter, demonstrating simultaneous growth in both scale and profitability.

This performance was driven by increased exports resulting from the expansion of artificial intelligence (AI) data centers in the United States, as well as the full-fledged growth of Gaon Cable’s U.S. manufacturing subsidiary, LSCUS.

LSCUS is expanding its supply of busducts for AI data centers operated by major big tech companies in the U.S. The company expects busduct sales to grow significantly, from hundreds of billions of won last year to several trillions of won this year.

Exterior view of Gaon Cable's U.S. production and sales corporation, LSCUS. Gaon Cable.

Exports from the company’s headquarters to the U.S. are also rapidly increasing. Exports of cables for AI data centers and solar power grids are expected to more than double from approximately 100 billion won last year to around 200 billion won this year.

Gaon Cable CEO Jung Hyun stated, "The U.S. market is experiencing an absolute shortage of cable supply, and all cable volumes for export have already been secured through the end of the year. With expanded exports to the U.S. and the official launch of new supply, we expect to achieve record-high annual sales this year."

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