---
title: "POSCO Posts Higher Q1 2026 Revenue but Sharply Lower Operating Profit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284818119.md"
description: "POSCO reported Q1 2026 revenue of KRW 8.94 trillion, a 7.7% increase from Q4 2025 but a slight decline of 0.4% from Q1 2025. Operating profit fell 36.6% quarter-on-quarter and 38.4% year-on-year to KRW 0.21 trillion, indicating margin pressure. Profit before income tax rose 10.6% from Q4 2025 but was down 14.3% year-on-year. Bottom-line profit dropped about 21% sequentially and 18% year-on-year. Analysts rate PKX stock as a Sell with a $36.00 price target, citing weakening fundamentals and cash conversion issues."
datetime: "2026-04-30T16:41:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284818119.md)
  - [en](https://longbridge.com/en/news/284818119.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284818119.md)
---

# POSCO Posts Higher Q1 2026 Revenue but Sharply Lower Operating Profit

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An update from POSCO ( (PKX) ) is now available.

POSCO, the main steelmaking subsidiary of POSCO HOLDINGS, reported provisional separate financial results for the first quarter of 2026, compiled under K-IFRS and subject to review. Revenue for Q1 2026 came in at KRW 8.94 trillion, up 7.7% from the fourth quarter of 2025 but slightly down 0.4% from the first quarter of 2025.

Operating profit declined to KRW 0.21 trillion, falling 36.6% quarter-on-quarter and 38.4% year-on-year, signaling margin pressure despite stable top-line performance. Profit before income tax rose 10.6% versus Q4 2025 to KRW 0.24 trillion but was still 14.3% lower than a year earlier, while bottom-line profit dropped about 21% sequentially and 18% year-on-year, indicating a tougher earnings environment for the steel business in early 2026.

The most recent analyst rating on (PKX) stock is a Sell with a $36.00 price target. To see the full list of analyst forecasts on POSCO stock, see the PKX Stock Forecast page.

**Spark’s Take on PKX Stock**

According to Spark, TipRanks’ AI Analyst, PKX is a Neutral.

The score is held down primarily by weakening fundamentals and cash conversion (margin compression and negative free cash flow), with additional pressure from a high P/E. Technicals are supportive due to strong trend strength, but overbought signals temper that benefit. Earnings call signals potential 2026 catalysts (lithium ramp and restructuring) but with meaningful execution and macro risks.

To see Spark’s full report on PKX stock, click here.

**More about POSCO**

POSCO HOLDINGS INC. is a South Korea-based global steelmaker, with its core subsidiary POSCO engaged in producing and selling steel products for automotive, construction, shipbuilding and other industrial sectors. The group reports under Korean International Financial Reporting Standards and is listed in the U.S. as a foreign private issuer, filing annual reports on Form 20-F.

**Average Trading Volume:** 187,141

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $23.33B

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