LG ELECTRONICS RELEASES SECOND-QUARTER 2026 FINANCIAL RESULTS

 

News Summary

• LG Electronics (LG) achieved consolidated revenue of USD $15.80 billion² and operating profit of USD $1.05 billion² in the second quarter of 2026.
• Revenue grew year-over-year despite unfavourable market conditions while operating profit increased 147 percent on stronger sales of premium products and improved cost competitiveness.
• The subscription business continued its international expansion, recording revenue of USD $437.72 million² (up 5 percent year-over-year), as LG maintained solid fundamentals across its core businesses and achieved accelerated growth in new business areas, such as robotics and AI data centre (AIDC) cooling solutions.
• The home appliance business surpassed USD $4.64 billion² in quarterly revenue for the first time, with robust premium and volume segment performance pushing operating margin toward 10 percent; the media and entertainment business improved its earnings year-over-year on higher premium TV sales and growth in the Global South.
• The vehicle solutions business recorded second-quarter highs in both revenue and operating profit, sustaining growth on a resilient order backlog; the eco solutions business grew revenue on expanded overseas air conditioner sales, and continued to invest in AIDC cooling technology.

 

SINGAPORE, July 31, 2026 — LG Electronics (LG) today announced consolidated revenue of USD $15.80 billion² and operating profit of USD $1.05 billion² for the second quarter of 2026.

 

Revenue and operating profit both reached their highest second-quarter levels in the company’s history. Revenue increased 14.9 percent year-over-year, while operating profit rose 147 percent.

 

The competitiveness of the industry-leading home appliance business continued to deliver solid growth despite continued macroeconomic and geopolitical uncertainty. Combined with a boost from major sporting events, the continued momentum of LG’s vehicle solutions business contributed to company-wide revenue growth.

 

Across the organization, operating profit more than doubled year-over-year. Maintaining the solid fundamentals of its core businesses, LG saw revenue grow in the second quarter, with high-margin products accounting for a higher proportion of total sales. The company has enhanced cost efficiencies throughout its global operations and implemented emergency management measures in response to an uncertain business environment. The company also recognized tariff refunds on duties previously paid for exports to the United States as a one-time gain.

 

Second-quarter B2B revenue reached USD $4.31 billion², up 5 percent year-over-year, accounting for 36 percent of total company revenue.¹ The subscription business, which covers products and services, recorded revenue of USD $437.72 million², an improvement of 5 percent year-over-year, and will continue to expand its global footprint.

 

Q2 2026 Results & Outlook by Company

LG Home Appliance Solution (HS) Company

The HS Company reported revenue of USD $4.70 billion² and operating profit of USD $454.97 million². Quarterly revenue surpassed USD $4.64 billion² for the first time, and quarterly operating margin approached 10 percent for a second consecutive quarter. The impressive performance was driven by the company’s successful dual-track strategy – simultaneously targeting the premium and volume segments – combined with cost structure and supply chain optimization efforts and the effect of U.S. tariff refunds. The subscription business, which generates ongoing service revenue after the point of sale, continued to contribute to the stability of the HS Company’s earnings structure.

 

In the third quarter, which is expected to experience a short-term slowdown in demand, LG will look to reinforce growth momentum by focusing on key markets in the Global South, where demand remains relatively solid, while continuing structural improvement efforts to secure profitability. It will also commence full-scale operations of its robot actuator business.

LG Media Entertainment Solution (MS) Company

The MS Company recorded revenue of USD $3.39 billion² and operating profit of USD $145.17 million². The steady growth in sales of premium TVs, including OLED and QNED models, was complemented by sustained growth in the Global South, while the high-margin webOS platform business also continued to grow. In the third quarter, LG aims to further improve cost structure and operating efficiency, increase premium product sales and advance the webOS business.

 

LG Vehicle Solution (VS) Company

The VS Company, which has established itself as a stable B2B-based cash cow, achieved revenue of USD $2.01 billion² and operating profit of USD $126.68 million². Both revenue and operating profit marked second-quarter highs. Quarterly revenue surpassed USD $1.99 billion² for a second consecutive quarter, and operating margin exceeded 6 percent for a second consecutive quarter. In the third quarter, the VS Company plans to sustain this trend of profitability-driven growth by realizing revenue through its order backlog, an improved product mix, and efforts to bolster operational efficiency.

 

LG Eco Solution (ES) Company

The ES Company recorded revenue of USD $1.81 billion² and operating profit of USD $156.38 million². Revenue rose on expanded overseas air conditioner sales, and the business maintained solid profitability with an operating margin of 8.6 percent. In the third quarter, LG will accelerate growth by leading with eco-conscious, high-efficiency and region-specific solutions.

 

LG’s HVAC business will continue to invest in its AI data centre (AIDC) cooling solutions operation. The company’s in-house-developed Coolant Distribution Unit (CDU), recognized for its outstanding performance, is poised to enter the core global AIDC supply chain – rapidly translating its validated performance into tangible business results.

 

Earnings Conference and Conference Call

LG Electronics held a Korean and English conference call on July 30, 2026, at 16:00 Korea Standard Time (07:00 GMT/UTC). 

 

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About LG Electronics Singapore Pte Ltd

LG Electronics Singapore Pte Ltd (LG Electronics Singapore) is a fully owned subsidiary of LG Electronics Inc., the pioneer and market leader of the Korean electronics industry. LG Electronics Singapore operates four business units locally – Home Entertainment, Home Appliance, Air Solutions and Business Solutions. In recognition of its vision to enrich people’s life with smart technologies and innovative design, LG Electronics Singapore has been recognised with prominent local and international accolades, such as the CNET Asia Editor’s and Readers' Choice Awards, HWM+HardwareZone.com Tech Awards, Red Dot Design, and GfK No. 1 Awards. For more information, please visit www.lg.com/sg.

 

 

Media Contacts:

Cher Sok Kheng LG Electronics Singapore E-mail: sokkheng.cher@lge.com

Shannon Kang LG Electronics Singapore E-mail: shannon.kang@lge.com