Profit surges 338%, LG Display announces Q1 results

On April 23, LG Display announced its first quarter results for 2026. During the reporting period, the company achieved sales of 5.534 trillion won (approximately RMB 25.456 billion) and operating profit of 146.7 billion won (approximately RMB 675 million).

Compared with the same period last year, sales (6.0653 trillion won) fell by 8.8%, but operating profit (33.5 billion won) increased by 338%.

LG Display stated that its performance growth was mainly due to its business portfolio centered on OLED and high-end strategic customers, as well as measures to reduce costs and increase efficiency. Earnings before interest, taxes, depreciation and amortization (EBITDA) was 1.141 trillion won, with a profit margin of 20.6%.

Although the first quarter is usually a traditional off-season for the display panel market, LG Display's OLED panel revenue share still increased to 60%, a year-on-year increase of 5 percentage points.

In terms of product structure, IT panels (monitors, laptops, tablets) accounted for the highest sales volume at 37%; mobile and other products accounted for the same 37%; TV panels accounted for 16%; and automotive panels accounted for 10%.

The small size business unit plans to flexibly respond to the technical needs of different customers and efficiently utilize existing production infrastructure to ensure full preparation for future markets. This department aims to maximize performance by leveraging the company's leading technological advantages and stable supply capabilities.

The medium-sized business unit plans to focus on high value-added products based on its competitive Tandem OLED and high-end LCD technologies, thereby increasing profitability.

The large-size business unit will use advanced technology to strengthen its high-end products while expanding product lines with more competitive prices. For the display market that has recently accelerated its shift to OLED, the company plans to expand gaming products using self-developed technology to maximize business opportunities and consolidate customer relationships.

LG Display's chief financial officer said: "As competition centered on high-end products becomes increasingly fierce, technical barriers are also increasing. The company will ensure financial stability through technological differentiation and achieve sustainable performance in line with market and customer expectations."