LG Display
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LG Display (A034220) investor relations material

LG Display Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary28 Jan, 2026

Executive summary

  • Achieved a significant turnaround after four years, improving profitability by over ₩1 trillion year-over-year, driven by business structure upgrades and increased OLED revenue share.

  • Q4 2025 revenue reached ₩7.2008 trillion, up 4% sequentially but down 8% year-over-year, with solid TV and notebook PC panel shipments.

  • Operating profit for Q4 2025 was ₩168.5 billion, a 61% decrease from Q3 but up 103% year-over-year, with adjusted operating profit exceeding market expectations.

  • Net loss of ₩351.2 billion in Q4 2025, mainly due to foreign currency translation losses, after a brief profit in Q3.

  • Positive impact from favorable Won/Dollar exchange rate, though product mix shift in small-to-medium OLED panels affected results.

Financial highlights

  • Q4 2025 EBITDA was ₩1.162 trillion, with a 16% EBITDA margin, down 18% sequentially and 11% year-over-year.

  • Gross margin in Q4 2025 was 13.7%, down from 16.4% in Q3 but up from 11.5% in Q4 2024.

  • Operating margin for Q4 2025 was 2.3%, down from 6.2% in Q3 but up from 1.1% in Q4 2024.

  • Total shipment area in Q4 was 4.0 million square meters, up 2% sequentially but down from 6.6 million square meters in Q4 2024.

  • ASP per square meter was $1,297, down 5% QOQ but up 49% YOY, reflecting OLED business focus.

Outlook and guidance

  • Q1 shipment area expected to decrease by low 20% level QOQ due to seasonality; ASP per square meter to decline by mid-single digit percent but remain above $1,200, over 50% higher YOY.

  • Management expects continued profitability improvement, driven by strengthened WOLED lineup and enhanced customer structure.

  • High seasonality and new product launches anticipated to support future performance.

  • Continued focus on OLED business expansion, cost innovation, and operational efficiency to stabilize performance amid external uncertainties.

What caused Q4'25 operating income QoQ decline?
What portion of IT revenue is OLED in Q4'25?
Explain Q4'25 debt structure changes
CFO's top financial priority for 2026?
IT OLED 8.6 gen investment decision timeline?
Expectation for H1 2026 profitability trend?
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Frequently asked questions

LG Display Co., Ltd. is a technology company specializing in the development, manufacturing, and sale of display panels. The company produces a wide range of display technologies, including OLED, LCD, and flexible displays, serving industries such as consumer electronics, automotive, and commercial signage. Its products are used in televisions, smartphones, tablets, laptops, and automotive displays. The company is headquartered in Seoul, South Korea, and its shares are listed on the Korea Exchange (KRX).

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