South Korea · Delayed Price · Currency is KRW LG Display Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenue decline but improved operating profit due to an OLED-focused strategy, despite a net loss from FX impacts. The company is investing in OLED technology, restructuring for efficiency, and remains cautious amid rising external uncertainties.
Fiscal Year 2025
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Annual turnaround achieved with OLED revenue at a record 61% and Q4 revenue up slightly QOQ. Despite one-off costs and a net loss, adjusted operating profit exceeded expectations. Focus remains on OLED growth, cost innovation, and operational efficiency amid ongoing market uncertainties.
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Q3 2025 delivered strong revenue and profit growth, led by OLED panel shipments and cost innovation. OLED products now make up 65% of revenue, with further growth and efficiency gains expected despite ongoing market uncertainties.
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Q2 2025 sales and shipments declined due to LCD TV exit and seasonal factors, but OLED revenue share and ASPs rose sharply. H2 is expected to see profit rebound, supported by cost innovation, OLED focus, and improved financial structure.
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Q1 2025 saw a 15% year-over-year revenue increase and a return to first-quarter profitability, driven by OLED business expansion and cost efficiencies. The company completed its LCD TV exit, expects Q2 shipment declines but higher ASP, and is focusing investments on OLED and financial stability.
Fiscal Year 2024
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Q4 2024 saw a 15% sequential and 6% year-over-year revenue increase, with operating profit turning positive and OLED revenue share reaching a record 60%. Despite IT segment weakness, mobile, TV, and auto segments showed growth, and 2025 is expected to bring further OLED-driven expansion.
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Q3 2024 saw 2% sequential revenue growth and a 43% year-over-year boost from OLED transition, with operating loss narrowing despite a major one-off expense. OLED revenue share hit 58%, and the company projects mid-single digit shipment and ASP growth in Q4.
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Q2 2024 saw strong revenue growth and a narrowed operating loss, driven by OLED expansion and operational improvements. Market volatility and industry competition persist, but ongoing business upgrades and cost controls support a positive outlook.