LG Electronics delivered record second-quarter 2026 revenue and operating profit, with its first-half operating earnings already exceeding the company’s total for all of 2025.
LG Electronics has announced its preliminary financial results for the second quarter of 2026, posting record-breaking revenue and operating profit for the period. The company reported consolidated revenue of KRW 23.83 trillion and operating profit of KRW 1.58 trillion, marking the strongest second-quarter performance in its history.
For the first six months of 2026, LG generated KRW 47.56 trillion in consolidated revenue and KRW 3.25 trillion in operating profit, setting a new record for the first half of any fiscal year. Notably, the company’s operating profit during the first half of 2026 has already exceeded its total operating profit for the entire 2025 fiscal year.
The strong quarterly performance was driven by continued growth across LG’s core businesses. Premium home appliances and television products remained key contributors to revenue, while seasonal demand for air conditioning systems boosted global sales. Meanwhile, the Vehicle Solution business maintained solid momentum, helping offset uncertainties stemming from the global economic and geopolitical environment.
During the quarter, LG also recognized a one-time gain related to the refund of previously paid tariffs on exports to the United States. Even excluding this non-recurring item, the company’s operating profit still recorded significant year-over-year growth.
Operating profit for the second quarter came in well above market expectations and more than doubled compared with the same period last year. Revenue growth was supported by the expansion of higher-margin businesses, including the webOS platform, subscription-based services, and e-commerce channels. At the same time, company-wide initiatives to improve operational efficiency, optimize costs, and strengthen resilience against market volatility further enhanced profitability.
Within the Home Appliance Solution business, LG continued executing its dual strategy of strengthening its leadership in the premium segment while expanding its presence in the mass market. The company also accelerated its B2B initiatives, including commercial laundry solutions and built-in home appliances. In addition, its components business broadened its portfolio beyond compressors and motors by expanding into actuator technologies for robotics applications.
LG’s Media Entertainment Solution business also improved profitability compared with the previous year. The performance was supported by the introduction of premium television models such as the LG OLED evo AI and AI Micro RGB TV series. The company also focused on improving cost competitiveness, maintaining disciplined inventory management, and optimizing investments to strengthen its long-term market position.
The Vehicle Solution business continued to deliver stable growth, backed by a robust order backlog and long-term partnerships with leading global automakers. Rising demand for advanced in-vehicle infotainment systems contributed to both revenue and profit growth, reinforcing the division’s role as one of LG’s key B2B growth engines. Looking ahead, the company plans to further optimize its cost structure while pursuing sustainable and profitable growth during the second half of the year.
In the Eco Solution business, LG’s HVAC (heating, ventilation, and air conditioning) operations benefited from strong international demand, particularly in Europe, where extreme summer temperatures drove increased demand for cooling solutions. The company is expanding its portfolio of heat pump and integrated HVAC systems while continuing to invest in AI data center cooling technologies, positioning itself to capitalize on future growth opportunities in the rapidly evolving infrastructure market.
LG noted that the figures released are preliminary consolidated earnings prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). The results are intended to provide investors with an early indication of the company’s performance before the release of its official financial statements, including net profit and detailed business segment results, which are scheduled to be announced later this month./.