The QoQ turnaround in operating profit and strong net income are positive, but the 10% YoY revenue decline and 42% YoY operating profit drop signal structural headwinds from LCD phase-out. Monitor the Q4 earnings call for OLED margin trajectory and demand outlook for TV and IT panels.
Price Chart
Executive Summary
LG Display reported Q3 2026 earnings with revenue of KRW 6.28 trillion, up 12% QoQ but down 10% YoY. Operating profit turned positive QoQ to KRW 250.6 billion, but declined 42% YoY from KRW 431 billion. Net income surged to KRW 755.6 billion, partly due to FX gains. The sequential improvement in OLED shipments is positive, but the YoY revenue decline and operating profit drop reflect ongoing LCD portfolio contraction and external headwinds.
Key Facts
- Q3 2026 revenue: KRW 6,277 billion, +12% QoQ, -10% YoY
- Q3 2026 operating profit: KRW 250.6 billion vs Q2 loss of KRW 107.7 billion, -42% YoY
- Q3 2026 net income: KRW 755.6 billion vs Q2 loss of KRW 418.8 billion, vs Q3 2025 net income of KRW 1.3 billion
- EBITDA: KRW 1,214 billion, margin 19.3%
- Revenue growth driven by large-sized and mobile OLED peak season shipments
- YoY revenue decline due to reduced mid-sized LCD shipments as part of profitability-focused strategy
- Operating profit improved QoQ despite KRW/USD decline and rising semiconductor costs
Financial Impact
Revenue of KRW 6.28T, operating profit of KRW 250.6B, net income of KRW 755.6B
Risk Factors
- Continued KRW/USD exchange rate volatility
- Rising semiconductor and component costs
- Further LCD revenue contraction as portfolio shifts to OLED
- Macro uncertainty impacting consumer electronics demand
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-428336 |
| Document: 0001193125-26-428336-index-headers.html | 0001193125-26-428336 |
| Document: 0001193125-26-428336-index.html | 0001193125-26-428336 |
| Document: 0001193125-26-428336.txt | 0001193125-26-428336 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $2.74 | awaiting T+20 | — | $2.75 (+0.36%) |
Oct 23, 2026 4d ago | 6-K | $2.59 | awaiting T+20 | — | $2.75 (+6.18%) |
Oct 22, 2026 5d ago | 6-K | $2.61 | awaiting T+20 | — | $2.75 (+5.36%) |
Oct 19, 2026 8d ago | 6-K | $2.68 | awaiting T+20 | — | $2.75 (−2.61%) |
Oct 15, 2026 12d ago | 6-K | $2.66 | awaiting T+20 | — | $2.75 (+3.38%) |
Aug 20, 2026 9w ago | 6-K | $3.33 $2.91 | ▼ −12.61% | ▼ −12.61% | $2.75 (−17.42%) |
Aug 14, 2026 10w ago | 6-K | $3.50 $3.13 | ▲ +10.57% | ▲ +8.58% | $2.75 (+21.43%) |
Jul 23, 2026 13w ago | 6-K | $3.37 $3.33 | ▼ −1.19% | ▼ −4.50% | $2.75 (−18.40%) |
Jul 22, 2026 13w ago | 6-K | $3.29 $3.37 | ▲ +2.43% | ▼ −0.47% | $2.75 (−16.41%) |
Jul 1, 2026 16w ago | 6-K | $3.65 $2.79 | ▼ −23.56% | ▼ −21.38% | $2.75 (−24.66%) |
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