LG Display 2026Q3营收6.277万亿、营业利润2506亿韩元，同比降42%但环比扭亏

LG Display’s third-quarter operating profit fell 42% from a year earlier. Although the company returned to profitability from the previous quarter on higher organic light-emitting diode (OLED) shipments, a weaker dollar against the won and rising semiconductor prices, known as chipflation, limited margin improvement.
LG Display said Oct. 22 it recorded third-quarter revenue of 6.277 trillion won and operating profit of 250.6 billion won. Revenue and operating profit declined 10% and 42%, respectively, from a year earlier. Compared with the previous quarter, revenue increased 12%, while the company swung to an operating profit from a loss of 107.7 billion won.
Shipments of large-sized and mobile OLED products increased as demand entered its seasonal peak. However, revenue declined year-on-year as shipments of medium-sized liquid crystal displays (LCDs) fell amid the company’s focus on a profitability-oriented product portfolio.
Exchange rates and component prices also affected earnings. With a high proportion of sales to overseas customers, LG Display sees the won-denominated value of its dollar revenue decline when the dollar weakens against the won. Rising semiconductor prices also increased cost pressures on major customers, worsening the business environment and limiting profitability gains from higher OLED shipments.
Third-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) totaled 1.2144 trillion won, while net profit reached 755.6 billion won. Net profit reflected improved foreign currency translation gains and losses resulting from a decline in the exchange rate at the end of the quarter.
LG Display plans to strengthen its competitiveness in high-value-added OLED products for mobile and IT devices, as well as OLED panels for premium TVs and gaming monitors. The company will also pursue technology development, including its next-generation OLED patterning technology FLiPP, and cost innovation.
“Amid continued uncertainty in the external business environment, including fluctuations in exchange rates and component prices, we focused on strengthening business competitiveness and improving operational efficiency,” said LG Display chief financial officer Kim Sung-hyun. “We will reinforce our foundation for stable profit generation by securing differentiated technological competitiveness and pursuing cost innovation.”