LG Display (NYSE: LPL) Q1 2026 revenue falls, OLED share hits 60%
Rhea-AI Filing Summary
LG Display reported unaudited Q1 2026 results showing KRW 5,534 billion in revenues, down 23% from Q4 2025 and 9% year-on-year. Operating profit was KRW 146.7 billion, a 13% decline quarter-on-quarter but a 338% increase from KRW 33.5 billion a year earlier, marking a third straight profitable quarter.
EBITDA was KRW 1,141 billion, slightly below both Q4 2025 and Q1 2025, while net loss widened to KRW 576 billion from KRW 351 billion in Q4 2025 and KRW 237 billion a year earlier. OLED products contributed 60% of revenues, up 5 percentage points year-on-year, lifting average selling price per area by 55%.
TV panels accounted for 16% of revenues, IT panels 37%, mobile and other devices 37%, and automotive panels 10%. Management highlighted a strategy focused on OLED, high-end customers, cost reductions, and operational efficiency to build a more sustainable profit structure across small-, mid-, and large-sized display businesses.
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Insights
Q1 2026 shows stronger mix and margins but deeper net loss.
LG Display delivered its third consecutive quarter of operating profit, with Q1 2026 operating income of KRW 146.7 billion, up 338% year-on-year. This came despite a 23% sequential revenue drop to KRW 5,534 billion, reflecting seasonality and weaker volume.
The shift toward OLED is clear: OLED made up 60% of revenue, 5 percentage points higher year-on-year, and average selling price per area rose 55%. This suggests a richer product mix centered on premium panels for TVs, IT, mobile, and automotive applications.
However, net loss widened to KRW 576 billion, driven by below-operating-line items, so bottom-line recovery lags operating improvement. Future disclosures for periods after Q1 2026 will clarify whether the OLED-focused strategy and cost measures can translate sustained operating profitability into reduced net losses.
Key Figures
Key Terms
EBITDA financial
K-IFRS financial
OLED technical
forward-looking statements regulatory
Tandem OLED technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
LG Display Co., Ltd.
(Translation of Registrant’s name into English)
LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul 07336, Republic of Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _____ No X
Q1 2026 Earnings Results
I. Performance in Q1 2026 – IFRS Consolidated Financial Data
Item |
|
|
|
|
|
|
|
(Unit : KRW M) |
||
|
|
Q1 26 |
|
Q4 25 |
|
Q1 25 |
|
QoQ |
|
YoY |
A. Financial Performance |
|
|
|
|
|
|
|
|
|
|
Revenues |
5,534,002 |
|
7,200,850 |
|
6,065,298 |
|
-23% |
|
-9% |
|
Operating Income |
146,719 |
|
168,509 |
|
33,464 |
|
-13% |
|
338% |
|
Income before Tax |
-522,211 |
|
-371,595 |
|
-148,495 |
|
-41% |
|
-252% |
|
Net Income |
-575,714 |
|
-351,179 |
|
-237,032 |
|
-64% |
|
-143% |
|
II. IR Event of Q1 2026 Earnings Results
1. Provider of Information: IR Team
2. Participants: Domestic and International Institutional investors, Individuals,
Analysts, Media, etc.
3. Purpose: To present Q1’26 Earnings Results of LG Display
4. Date & Time: 02:00PM on April 23, 2026 (KST)
5. Venue & Method: Earnings release conference call in Korean/English
- Please refer to the website of LG Display Co., Ltd. at
www.lgdisplay.com/eng
6. Contact Information
1) Main Contact for Disclosure-related Matters:
Seunghyun Pyun, IR Manager, IR Team (82-2-3777-1010)
III. Remark
LG Display Co., Ltd. at www.lgdisplay.com/eng
Attached: Press Release
LG Display Reports First Quarter 2026 Results
SEOUL, Korea (Apr. 23, 2026) – LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending March 31, 2026.
LG Display recorded KRW 5.53 trillion in revenues and KRW 146.7 billion in operating profit in the first quarter of 2026.
The company’s operating profit increased by 338% year-on-year, marking its third consecutive quarter of profitability. This performance was driven by its business portfolio centered on OLED and high-end strategic customers, along with cost reduction technologies and enhanced operational efficiency.
Despite the seasonal slowdown, the proportion of OLED products contributing to total revenues rose by 5 percentage points year-on-year to 60%. As a result, average selling price per area increased by 55% compared to the same period last year.
TV panels accounted for 16% of revenues in the first quarter, while IT panels - including monitors, laptops, and tablet PCs - accounted for 37%. Panels for mobile and other devices accounted for 37%, and automotive panels accounted for 10% of revenues.
LG Display is reinforcing its business competitiveness with a focus on OLED, while continuing to drive cost innovation and operational efficiency to establish a sustainable profit structure.
In its small-sized business, the company will respond flexibly to diverse customer technology needs based on its technological leadership and stable supply capabilities. At the same time, it plans to efficiently utilize its existing production infrastructure to prepare for future growth.
In its mid-sized business, LG Display aims to continue improving profitability by focusing on high value-added products, leveraging its differentiated Tandem OLED and high-end LCD technologies to actively respond to customer demand.
In its large-sized business, the company plans to strengthen its premium product lineup based on its world-leading technologies, while also expanding more price-competitive offerings. In particular, as the monitor market is rapidly transitioning to OLED, LG Display will broaden its gaming product lineup featuring proprietary technologies to maximize business opportunities and expand its customer base.
“Amid ongoing external uncertainties, our competitiveness in high-spec products - where we have strong advantages - is strengthening, along with higher technological barriers,” said Sung-hyun Kim, CFO at LG Display. He added, “We will secure financial stability by continuing to enhance technological differentiation through company-wide efforts, and deliver sustainable performance that meets the expectations of the market and our customers.”
# # #
Earnings Conference Call
LG Display will hold a bilingual conference call in English and Korean on April 23, 2026 starting at 14:00 PM Korea Standard Time (KST) to announce the first quarter of 2026 earnings results. Investors can listen to the conference call via http://irsvc.teletogether.com/lgdisplay/lgdisplay2026Q1_eng.php
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 69,656 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of
important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.
Investor Relations Contact:
Brian Heo, Head of Investor Relations
Email: ir@lgdisplay.com
Media Contact:
Joo Yeon Jennifer Ha, Team Leader, Global PR Team
Email: hjy05@lgdisplay.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
LG Display Co., Ltd.
(Registrant)
Date: April 23, 2026 By: /s/ Kyu Dong Kim
(Signature)
Name: Kyu Dong Kim
Title: Vice President, Finance &
Risk Management Division