Q1 2026 LG Display Co Ltd Earnings Call (English, Korean) Transcript
Key Points
- LG Display Co Ltd (LPL) reported an operating profit of KRW146.7 billion, showing a year-over-year increase driven by a strengthened business structure and sustained OLED performance.
- The company increased the share of OLED products to 60% of total revenue, a 5 percentage point increase year-over-year, enhancing business stability and competitiveness.
- Despite external uncertainties, LG Display Co Ltd (LPL) maintained profitability for three consecutive months due to internal efforts to transition to an OLED-centric business structure.
- The company plans to expand its OLED product lineup, particularly in the high-end gaming monitor market, which is rapidly shifting from LCD to OLED.
- LG Display Co Ltd (LPL) is focused on enhancing its technological competitiveness and growth foundation through continued investment in new OLED technology infrastructure.
- Revenue in Q1 2026 was KRW5.534 trillion, down 9% year-over-year and 23% quarter-on-quarter, impacted by seasonality and the discontinuation of the LCD TV business.
- Net income recorded a loss of KRW575.7 billion due to the impact of foreign exchange translation loss on foreign currency debt.
- Area shipment in Q1 was 3.2 million square meters, down 21% quarter-on-quarter, with a 4% decline in ASP per square meter due to seasonal decline in small panel products.
- The company faces growing external uncertainties, including rising semiconductor prices, declining global demand, and supply chain disruptions.
- LG Display Co Ltd (LPL) is implementing another round of voluntary retirement, which may incur short-term costs and reflects ongoing restructuring challenges.
Good morning and good evening. Thank you all for joining the conference call for the LG Display earnings results. This conference will start with a presentation followed by a Q&A session. (Operator Instructions)
Now we will begin the presentation on LG Display's first quarter of fiscal year 2026 earnings results.
Good afternoon. This is Kim Joo Dong, Vice President, in charge of Finance and Risk Management Division at LG Display. Thank you for joining our first quarter 2026 earnings conference call. Joining us today are CFO, Kim Sung-Hyun; Vice President, [Choi HyunâChul] in charge of Business Control and Management; Vice President, [Kyong Jeong Deuk], in charge of Large Display Planning and Management; [Hong-jae Shin] and Ahn Yu-Shin, in charge of Medium Display Planning and Management; Vice President, [Paek Seung-yong], in charge of Small Display Planning and Management, Vice President, [Sang Keuk Kwon] in charge of Auto Marketing and [Kim Kyu-dong],
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