LX Semicon 二季度营业利润同比翻倍但主要来自低基数与费用改善

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LX Semicon More Than Doubles Second-Quarter Operating Profit
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Semiconductor
Operating margin improves about twofold
Lee Jun
Published 2026.07.26 11:30
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LX Semicon's display driver IC (DDI). (Photo: LX Semicon)
LX Semicon's second-quarter operating profit this year more than doubled from a year earlier, helped by a base effect from last year's weak results. The gain came as its operating margin improved.
The company said in a regulatory filing on July 24 that second-quarter operating profit rose 115.1% from a year earlier to about 20.6 billion won.
The main reason second-quarter operating profit was higher than a year earlier is the improved operating margin. LX Semicon's operating margin rose about twofold to 5.5% in the second quarter of 2026 from 2.7% in the second quarter of 2025. Selling and administrative expenses fell to 94.4 billion won in the second quarter of 2026 from 104.9 billion won in the second quarter of 2025.
Weak results last year were also a factor. In the first quarter of last year, LX Semicon's end customers — finished-product makers — secured inventories in advance in response to US reciprocal tariff policy. As a result, second-quarter 2025 results were unusually low. Operating profit was about 59.7 billion won in the first quarter of 2025, 14.0 billion won in the third quarter and 24.9 billion won in the fourth quarter.
Conversely, in the first quarter of 2025, which was affected by the advance inventory build-up, operating profit rose 29.1% from a year earlier. By contrast, LX Semicon's operating profit in the first quarter of this year fell 65.5% from a year earlier.
Second-quarter revenue this year rose 6.0% from a year earlier to about 400.0 billion won. By application, large display driver ICs (DDIs) accounted for 45% of revenue and small DDIs for 39%, down 2 percentage points and 1 percentage point, respectively, from a year earlier.
By contrast, the share of revenue classified as "other" rose 3 percentage points to 16% in the second quarter of this year from 13% in the second quarter of last year. LX Semicon is working to raise the share of new businesses beyond DDIs. An LX Semicon official said the company is "diversifying its new-product portfolio, including microcontroller units (MCUs) and heat-dissipation substrates, while strengthening the competitiveness of its core business (DDIs)."
2jun0504@thelec.kr
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