Q2 2026 LG Display Co Ltd Earnings Call (English, Korean) Transcript
Key Points
- Revenue in Q2 2026 rose slightly year-over-year and quarter-over-quarter to KRW5.612 trillion, driven by increased shipments of medium- and large-sized products.
- OLED capability is stabilizing, and company-wide cost reduction efforts are continuing, leading to improved operating performance excluding one-off costs.
- The company achieved profit for the first half of the year for the first time in five years since 2021, despite seasonality and one-off costs.
- OLED share out of revenue was 57%, increasing slightly year-over-year, indicating a successful expansion of the OLED business.
- The company is focusing on securing top-tier technology and advancing cost innovation through AI and digital transformation to enhance production capability and drive growth.
- The company recorded an operating loss in Q2 2026 due to one-off costs from intensive workforce restructuring.
- Net income recorded a loss of KRW418.8 billion due to the impact of foreign exchange translation loss.
- Price per square meter fell 13% quarter-over-quarter to $1,079 following the seasonal decline in shipments of mobile products.
- Cash and cash equivalents in Q2 were slightly down quarter-over-quarter, and the net debt-to-equity ratio stood at 156%, partly affected by exchange rate volatility.
- The market situation in the second half is expected to be challenging due to rising material costs and demand uncertainty, particularly after the World Cup.
(interpreted) 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 second-quarter of fiscal year 2026 earnings results.
(interpreted) Good afternoon. This is Kim Joo 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-deok, 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 Kyungho], Head of Auto Marketing; and Lee Gil Young, in charge of Business Intelligence.
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