LG Display posts Q3 profit on higher OLED margins and FX gain
LG Display reported a net profit of KRW 755.6 billion for the third quarter of 2026, reversing a loss from the prior quarter. The company’s operating margin was 4% and EBITDA represented 19% of revenue, helped by a favorable foreign‑exchange translation effect. Revenue fell 10% year‑over‑year to about KRW 6.28 trillion, while OLED products accounted for 67% of sales. Management forecast roughly 10% shipment growth in the next quarter but only modest price‑per‑square‑meter increases.
Why it matters
The swing to profitability and the guidance for double‑digit shipment growth suggest improved cash flow and may support the company’s capital‑expenditure plans, according to the earnings call. The modest ASP outlook indicates limited near‑term pricing power, which could temper margin expansion.
Key facts
- 1Operating margin for the quarter was 4% and EBITDA equaled 19% of revenue. finance.yahoo.com
- 2Net profit reached KRW 755.6 billion. finance.yahoo.com
- 3Quarterly revenue declined 10% year‑over‑year to roughly KRW 6.28 trillion. seekingalpha.com
- 4Area shipment increased 4% quarter‑over‑quarter to 3.7 million square meters. finance.yahoo.com
- 5Average selling price per square meter rose 16% quarter‑over‑quarter to $1,250. finance.yahoo.com
- 6OLED panels represented 67% of total revenue, the highest quarterly share. finance.yahoo.com
Open questions
- Material 1 lists net profit as KRW 746.747 billion, while materials 2 and 4 state KRW 755.6 billion.
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.