LG posts earnings surprise with record revenue

Apr 07, 2026, 03:30 pm

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Source: Financial Supervisory Service DART / Graphic by Park Jong-gyu

LG Electronics reported stronger-than-expected earnings for the first quarter, with revenue reaching an all-time high for a single quarter.

The company announced on April 7 that it posted revenue of 23.733 trillion won and operating profit of 1.6736 trillion won. Compared to the same period last year, revenue rose 4.4% while operating profit increased 32.9%.

Quarterly revenue marked the highest level in the company’s history. Despite ongoing economic uncertainty, core businesses such as home appliances drove growth on the back of strong product leadership and solid market positioning. Continued expansion in B2B sectors, including automotive components, also contributed to the record performance.

Operating profit significantly exceeded market expectations, supported by improved profitability compared to a year earlier, before the full impact of U.S. tariffs took effect.

LG said its proactive response to tariffs—such as optimizing production locations—along with company-wide efforts to improve cost structures played a key role in the strong results. Growth in high-margin businesses, including platform services, subscriptions, and online sales, also contributed.

Looking ahead, LG plans to minimize the impact of geopolitical risks, including tensions in the Middle East, which are increasing cost pressures through higher raw material prices and logistics expenses.

In its home appliance segment, the company aims to continue growth by targeting both premium and mass-market segments, while expanding online sales and subscription models. It also plans to accelerate cost innovation in response to rising raw material prices and invest in future growth areas such as home robots and actuators.

The TV business returned to profitability quarter-on-quarter, driven by rapid growth in its strategic webOS platform. This year, LG will focus on differentiated product lines, including OLED TVs, micro RGB displays, and lifestyle TVs.

The vehicle component business continues to show stable growth based on a strong order backlog, with improved profitability aided in part by favorable exchange rates. Meanwhile, the HVAC business saw declines in revenue and profit due to market uncertainties, but the company plans to expand into next-generation cooling technologies such as liquid cooling to target AI data center opportunities.

LG Electronics will release detailed earnings, including net profit and divisional performance, at its earnings conference later this month.

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