LG Display cuts cost burden as post-LCD restructuring shows results

Zacks Research downgraded LG Display (NYSE:LPL) from Hold to Strong Sell. Weiss Ratings later lowered it from Sell (d-) to Sell (e+). The stock fell 5.8% to open at $3.17. LG Display reported Q1 EPS of -$0.26 on revenue of $3.62B; analysts expect -$0.28 EPS for FY.

LG Display reported Q2 sales of 5.6121 trillion won and an operating loss of 107.7 billion won, citing one-time voluntary retirement costs of about 240 billion won. Excluding these costs, analysts said profitability improved. For H1, sales were 11.1461 trillion won with operating profit of 39 billion won. Securities firms cut target prices after results; iM and SK kept buy ratings.

Nvidia reported strong Q2 earnings with $96.2B revenue, driven by 117% YoY growth in data center sales. However, rising memory costs, particularly high-bandwidth memory, are reducing gross margins, which Nvidia attributes to increased component procurement costs. The company expects margins to decline further before recovering in fiscal 2028. This trend benefits memory suppliers like Micron Technology, as Nvidia's higher memory commitments suggest increased pricing power for suppliers.

Okta reported Q2 revenue of $805M, up 11% YoY, and adjusted EPS of $1.05, up from $0.91 last year. The stock surged 20% after hours. Key metrics like subscription revenue, operating margin, and free cash flow all showed strong growth. The company attributed its success to AI-driven demand for identity security, with AI-focused products representing 30% of bookings. Okta also announced the $200M acquisition of Permiso Security and raised its full-year guidance.

TransUnion (TRU) raised its 2026 revenue and earnings outlook, citing stronger execution and international growth. Revenue is now expected between $5.127B and $5.162B, with net income between $807M and $821M. The company also shared insights on credit-risk trends. Analysts note growth potential but highlight risks like regulation and competition.

Harmony Gold Mining reported fiscal 2026 earnings up 87% to $1.61B, driven by a 35% rise in gold prices. Revenue increased 34% to $5.88B, but production fell 3%. CEO Beyers Nel expects significant cash flow growth post-2030. The stock is down 9.45% over six months despite a 31.42% monthly gain.