LG Display (034220) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 12% QoQ to KRW 6,277bn, while operating profit was KRW 250.6bn; revenue fell 10% YoY, mainly amid mid-sized LCD portfolio realignment and weak high-end demand.

• Seasonal mobile OLED and large-size shipments supported QoQ improvement despite FX, chipflation and IT-demand pressures.

Financial highlights

• Operating profit fell 42% YoY; income before tax was KRW 737bn versus a KRW 459bn loss in Q2'26.

• Net income was KRW 755.6bn, versus a KRW 419bn loss in Q2'26, with FX translation gains improving after won appreciation near quarter-end.

• EBITDA was KRW 1,214bn, up 39% QoQ and down 15% YoY; EPS was KRW 1,511 versus a loss per share of KRW 838 in Q2'26.

Outlook and guidance

• Q4 area shipments are expected to grow ~10% QoQ; seasonality supports shipments, while first-half advance purchases and chipflation-related demand uncertainty warrant monitoring.

• Q4 price per square meter is expected to rise by a low-single-digit percentage QoQ amid softer consumer demand, chipflation and higher raw-material costs.

• Large OLED shipments are projected in the high-7m range for 2026, ~20% higher YoY, with OLED monitors at ~20% of volume; meaningful growth is planned for next year.