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 its workforce, and maintaining cautious guidance amid rising market uncertainties.
Fiscal Year 2025
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Q4 2025 saw a modest revenue increase and a record OLED revenue share, but operating profit declined due to one-off costs and lower small/medium OLED shipments. The company projects continued OLED growth, improved financial health, and a focus on operational efficiency amid ongoing market uncertainties.
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Q3 2025 delivered strong revenue and profit growth, driven by OLED expansion and cost innovation, with OLED now 65% of revenue. Outlook remains positive for OLED segments, though macro uncertainties and competition persist.
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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% YoY revenue increase and a return to Q1 profitability, led by OLED growth and cost efficiency. The company expects a Q2 shipment decline due to LCD TV exit but higher ASP, with OLED and auto segments driving future expansion.
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.