Business · Companies · 2 hrs ago
Samsung SDI Returns to Profit as Energy Storage Battery Sales Grow
South Korean battery maker Samsung SDI returned to operating profit in the third quarter of 2026, reporting revenue of 4.6856 trillion won and operating profit of 407.8 billion won.
A year earlier, it had posted an operating loss of 591.3 billion won.
Battery sales rose as demand grew for energy storage systems, which store electricity, and backup units used by AI data centers.
The company said battery revenue increased 55.3% from a year earlier, with higher sales also of batteries for power tools and electric vehicles.
Samsung SDI has secured more than 60 gigawatt-hours of US energy storage orders so far this year and plans to use and expand a plant in Indiana for battery production.
The results also included higher sales and profits from electronic materials used in semiconductors and foldable-phone displays.
The company expects energy storage demand to keep growing in the fourth quarter, while electric-vehicle demand is likely to differ by region, with Europe improving and the US remaining subdued.
Samsung SDI returned to operating profit in the third quarter, reporting 407.8 billion won.
Revenue rose 52.6% year on year to 4.6856 trillion won.
Growth in energy storage system battery sales, including demand linked to AI data centers, helped drive the rebound.
The battery division posted operating profit of 361.9 billion won, compared with a loss a year earlier.
The company said it had secured more than 60 GWh of energy storage system orders in the United States so far this year.
- Who
- Samsung SDI.
- What
- It returned to operating profit in the third quarter as sales of energy storage batteries grew.
- When
- The results were announced on October 29, 2026, for the third quarter.
- Where
- The results cover Samsung SDI’s consolidated business. The article highlights growth in the United States.
- Why
- Higher energy storage and battery backup unit sales, alongside increased shipments of cylindrical batteries, helped improve results.
This story does not have two clearly opposing sides.
Samsung SDI began mass production of high-capacity prismatic LFP cells at its StarPlus Energy plant in the United States.
Samsung SDI reported third-quarter revenue of 4.6856 trillion won and operating profit of 407.8 billion won.
- Third-quarter revenue
- 4.6856 trillion won
- Third-quarter operating profit
- 407.8 billion won
- Year-on-year revenue growth
- 52.6%
- Battery division operating profit
- 361.9 billion won
- US ESS orders secured this year
- More than 60 GWh
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What people are saying
We will continue to pursue profitable mid- to long-term growth.
We will maintain our profit trend in the fourth quarter with solid growth in the ESS and small battery businesses.