LG Display Co. Ltd. 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- LG Display reported Q2 2026 revenue of 5.6121 trillion won, a slight year-over-year increase.
- The company recorded an operating loss in Q2 due to one-off costs of 240 billion won from workforce restructuring and seasonal declines in mobile product shipments.
- Excluding one-off costs, operating performance was profitable, marking the first half-year profit in five years.
- EBITDA margin was 16% and operating profit margin was -2% in Q2 2026.
- Net income showed a loss of 418.8 billion won, impacted by foreign exchange translation losses due to a high exchange rate.
- Area shipments grew 12% quarter-over-quarter to 6 million square meters, driven by medium and large-sized product shipments.
- Price per square meter fell 13% quarter-over-quarter to $1,079 due to seasonal mobile product shipment declines.
- Revenue breakdown by product was 36% mobile, 32% others, 21% TV, and 10% auto.
- OLED products accounted for 57% of revenue, slightly increasing from the previous quarter.
- Cash and cash equivalents at the end of Q2 were 1.452 trillion won; debt-to-equity ratio was 260%, and net debt-to-equity ratio was 156%, affected by exchange rate volatility.
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Transcript
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안녕하십니까, 좋은 아침과 좋은 저녁입니다. LG디스플레이 실적 발표 컨퍼런스 콜에 참석해 주신 모든 분들께 감사드립니다. 이번 컨퍼런스 콜은 발표 후 질의응답 시간으로 진행될 예정입니다. 질문이 있으신 분은 질의응답 시간에 전화기에서 별표(*)와 1번을 눌러주시기 바랍니다. 이제 2026 회계연도 2분기 LG디스플레이 실적 발표를 시작하겠습니다.
안녕하십니까, LG Display 금융 담당 김규동입니다. 2026년 2분기 실적 발표 컨퍼런스 콜에 참석해 주신 분들께 감사의 말씀을 드립니다. 오늘 컨퍼런스 콜에는 당사 CFO 김성현 부사장, 경영 관리 담당 조승현 상무, 대형 기획 관리 김종덕 상무, 중형 기획 관리 안유신 담당, 소형 기획 관리 백승용 상무, Auto Marketing 손기환 상무, Business Intelligence 이기영 담당께서 함께 참석하셨습니다.
Good afternoon. This is Kim Kyu Dong, Vice President in charge of Finance and Risk Management at LG Display. Thank you for joining our second quarter 2026 earnings conference call. Joining us today are CFO Kim Sung Hyun, Vice President Cho Seung Hyun in charge of Business Control and Management, Vice President Kim Jong Duk in charge of Large Display Planning and Management, Ahn Yoo Shin in charge of Medium Display Planning and Management, Vice President Baek Seung Yong in charge of Small Display Planning and Management, Vice President Song Ki Hwan, head of Auto Marketing, and Lee Ki Young in charge of Business Intelligence.
금일 컨퍼런스 콜은 국영문 통합 방식으로 진행될 예정입니다. 실적과 관련된 상세 자료는 조금 전 공시된 잠정 실적 또는 자사 홈페이지 내 투자 정보 부분을 참조하시기 바랍니다.
Today's conference call will be conducted in both Korean and English. For more details on the company's performance, please refer to our disclosure, which was released just now, or the investor relations section in the company website.
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