LG Display Co., Ltd. Q3 2026 Earnings Recap

LG Display’s shares fell 1.9% after earnings, a roughly flat reaction. Revenue rose 12% quarter over quarter, but operating profit was down 42% year over year, and Q4 guidance pointed to only a low-single-digit sequential increase in price per square meter amid soft demand and ongoing uncertainty.

Key Takeaways

• Q3 revenue was KRW 6.277 trillion, up 12% quarter over quarter but down 10% year over year, mainly reflecting lower mid-sized LCD shipments after portfolio realignment.
• Operating profit was KRW 250.6 billion, slightly higher sequentially but 42% lower year over year; the company cited won appreciation, chipflation and weaker demand for some high-end products.
• OLED reached 67% of revenue, its highest quarterly share, up 10 percentage points sequentially. Mobile’s share rose to 42%, while IT’s fell to 29%.
• Net income was KRW 755.6 billion, helped by improved foreign-exchange translation gains near quarter-end; the debt-to-equity and net debt-to-equity ratios improved sequentially.
• For Q4, area shipments are expected to grow around 10%, but price per square meter is forecast to rise only by a low-single-digit percentage as consumer demand remains soft and external uncertainty persists.