LG Electronics : Releases Preliminary Earnings for Second-Quarter 2026

About this update from Lg Electronics Inc.

News Summary LG Electronics recorded second-quarter 2026 consolidated revenue of KRW 23.83 trillion and operating profit of KRW 1.58 trillion. Both revenue and operating profit reached the highest second-quarter levels in the company's history, supported by premium leadership in core businesses, continued growth in the webOS platform, subscription businesses, and the expansion of B2B sectors including vehicle solutions. Operating profit significantly exceeded market expectations, driven by continued growth in high-margin businesses, improved cost competitiveness and stronger profitability across the business portfolio. First-half operating profit surpassed LG's total operating profit for all of 2025. LG will continue to strengthen its core business competitiveness while pursuing sustainable growth. SEOUL, July 7, 2026 - LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2026, reporting a consolidated revenue of KRW 23.83 trillion and operating profit of KRW 1.58 trillion. Both revenue and operating profit reached the highest second-quarter levels in the company's history. For the first half of 2026, LG recorded consolidated revenue of KRW 47.56 trillion and operating profit of KRW 3.25 trillion, both representing the highest first-half results in the company's history. First-half operating profit also exceeded LG's total operating profit for all of 2025. Second-quarter revenue increased as the company's core businesses, including home appliances and TVs, expanded sales on the strength of their premium market positions. Seasonal demand contributed to strong air conditioner global sales, while continued growth in the vehicle solutions business further supported overall performance despite continued macroeconomic and geopolitical uncertainty. Operating profit significantly exceeded market expectations, more than doubling year-on-year. Growth in revenue, together with the continued expansion of high-margin businesses-including the webOS platform, subscription and online sales-helped improve the company's earnings structure. The improvement also reflected company-wide efforts to enhance cost efficiency and proactive management in response to an uncertain business environment. LG also recognized a one-time gain related to confirmed U.S. tariff refunds on duties previously paid for exports to the United States. Ex...

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