LG Display (034220) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue reached KRW 5.6121 trillion, up slightly year-over-year and 1% sequentially, driven by increased shipments of medium and large displays and favorable exchange rates.

• Operating loss was recorded due to KRW 240 billion in one-off workforce restructuring costs, but core business profitability excluding these costs improved significantly YoY, ending chronic Q2 losses.

• EBITDA was KRW 872 billion, down 24% sequentially and 17% year-over-year.

• OLED business expansion and cost innovation efforts are ongoing, with OLED revenue share at 57%, up YoY.

Financial highlights

• Revenue for Q2 2026 was KRW 5.6121 trillion, up slightly YoY and QoQ.

• Net income showed a loss of KRW 418.8 billion, impacted by FX translation losses.

• Operating profit margin was -2%; EBITDA margin was 16%.

• Gross margin for Q2 2026 was 13.6%, slightly down from Q1 2026 but up from Q2 2025.

• EPS for Q2 2026 was KRW -838, compared to KRW -1,151 in Q1 2026 and KRW 1,782 in Q2 2025.

Outlook and guidance

• Q3 shipments of large and mobile OLED products are expected to increase due to positive seasonality, with total area shipment projected to rise by mid-single-digit percent QoQ.

• Price per square meter is expected to rise by high-teen percent, driven by mobile OLED seasonality.

• Management expects future performance to be influenced by market conditions and strategic direction, with projections subject to change.

• The company will continue cost innovation and technological leadership to navigate macroeconomic uncertainties.