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LG Electronics Releases Preliminary Earnings For First-Quarter 2026
(MENAFN- Mid-East Info) Company Sets New First-Quarter Revenue Record,
With Operating Profit Far Exceeding Market Expectations Dubai, April, 2026 – LG Electronics Inc. (LG) today announced its preliminary earnings results for the first quarter of 2026, reporting a consolidated revenue of USD 15.8 billion and operating profit of USD 1.11 billion. Revenue reached the highest first-quarter level in the company's history. Despite continued macroeconomic uncertainty, the company's core businesses, including home appliances, maintained growth based on strong product competitiveness and solid market positions. Expansion in B2B businesses, including vehicle solutions, also contributed to the record first-quarter revenue. Operating profit exceeded market expectations and improved year-on-year. The improvement was driven by proactive tariff response measures, including production optimization, as well as stronger company-wide cost structure improvement efforts focused on profitability-based growth. Continued growth in platform, subscription and online sales businesses also supported earnings. As external uncertainty persists, including geopolitical instability, rising raw material prices and higher logistics costs, LG will implement flexible and proactive measures to minimize potential business impact. Home Appliance Business: LG's home appliance business continued to grow by addressing both premium and volume segments in line with changing market demand. Growth in online sales and the appliance subscription business also contributed to performance. To strengthen profitability, LG plans to further accelerate cost structure innovation efforts amid ongoing raw material price pressure. The company will also foster future growth drivers such as home robots and robot components, including actuators. Media and Entertainment Business: LG's media and entertainment business improved profitability year-on-year through a focus on operational efficiency and returned to profit compared with the previous quarter. The strategically important webOS platform business also maintained strong growth. This year, LG plans to sustain efficient business operations while leveraging its differentiated lineup, including OLED TVs, premium LCD TVs such as Micro RGB, and lifestyle TVs. Vehicle Solutions Business: LG's vehicle solutions business continued its stable growth based on a solid order backlog. Profitability also improved year-on-year, supported by ongoing cost structure improvement efforts. Given the business's high proportion of overseas customers, foreign exchange conditions also had a partially positive effect on profitability. HVAC Business: LG's HVAC business saw revenue and operating profit decline year-on-year due to market uncertainty, including geopolitical factors in the Middle East. Going forward, LG will target high-potential opportunities such as heat pumps, in line with the global shift from fossil fuels to electricity. The company also plans to expand beyond air-cooled solutions into next-generation technologies such as liquid cooling, while focusing on opportunities in AI data center cooling. These figures are tentative consolidated earnings based on K-IFRS and are provided for investor reference prior to LG Electronics' final earnings results, including net profit. Details regarding each Company will be announced officially later this month. About LG Electronics, Inc.
With Operating Profit Far Exceeding Market Expectations Dubai, April, 2026 – LG Electronics Inc. (LG) today announced its preliminary earnings results for the first quarter of 2026, reporting a consolidated revenue of USD 15.8 billion and operating profit of USD 1.11 billion. Revenue reached the highest first-quarter level in the company's history. Despite continued macroeconomic uncertainty, the company's core businesses, including home appliances, maintained growth based on strong product competitiveness and solid market positions. Expansion in B2B businesses, including vehicle solutions, also contributed to the record first-quarter revenue. Operating profit exceeded market expectations and improved year-on-year. The improvement was driven by proactive tariff response measures, including production optimization, as well as stronger company-wide cost structure improvement efforts focused on profitability-based growth. Continued growth in platform, subscription and online sales businesses also supported earnings. As external uncertainty persists, including geopolitical instability, rising raw material prices and higher logistics costs, LG will implement flexible and proactive measures to minimize potential business impact. Home Appliance Business: LG's home appliance business continued to grow by addressing both premium and volume segments in line with changing market demand. Growth in online sales and the appliance subscription business also contributed to performance. To strengthen profitability, LG plans to further accelerate cost structure innovation efforts amid ongoing raw material price pressure. The company will also foster future growth drivers such as home robots and robot components, including actuators. Media and Entertainment Business: LG's media and entertainment business improved profitability year-on-year through a focus on operational efficiency and returned to profit compared with the previous quarter. The strategically important webOS platform business also maintained strong growth. This year, LG plans to sustain efficient business operations while leveraging its differentiated lineup, including OLED TVs, premium LCD TVs such as Micro RGB, and lifestyle TVs. Vehicle Solutions Business: LG's vehicle solutions business continued its stable growth based on a solid order backlog. Profitability also improved year-on-year, supported by ongoing cost structure improvement efforts. Given the business's high proportion of overseas customers, foreign exchange conditions also had a partially positive effect on profitability. HVAC Business: LG's HVAC business saw revenue and operating profit decline year-on-year due to market uncertainty, including geopolitical factors in the Middle East. Going forward, LG will target high-potential opportunities such as heat pumps, in line with the global shift from fossil fuels to electricity. The company also plans to expand beyond air-cooled solutions into next-generation technologies such as liquid cooling, while focusing on opportunities in AI data center cooling. These figures are tentative consolidated earnings based on K-IFRS and are provided for investor reference prior to LG Electronics' final earnings results, including net profit. Details regarding each Company will be announced officially later this month. About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG's four Companies - Home Appliance Solution, Media Entertainment Solution, Vehicle Solution and Eco Solution - combined for global revenue of over KRW 88 trillion in 2024. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over.
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