LG Electronics Releases First-quarter 2026 Financial Results

LG Electronics Inc. (LG) announced consolidated revenue of USD 16.24 billion and operating profit of USD 1.14 billion for the first quarter of 2026.

Revenue hit its highest first-quarter level in company history, marking a 4.3 percent increase year-over-year. LG also delivered its third-highest operating profit for a first quarter, up 32.9 percent year-over-year.

The company's core businesses, including home appliances and TVs, contributed to the strong results, achieving premium market leadership and robust overall performance amid continuing economic uncertainty. LG's vehicle solutions business, a key pillar of the company's B2B expansion strategy, maintained stable growth in the first quarter. In a major milestone, LG's vehicle solutions business and home appliance business surpassed USD 6.84 billion in combined quarterly revenue for the first time.

Profitability-based qualitative growth also continued across the company's B2B sectors, platform and D2X (Direct to Everything) businesses. First-quarter B2B revenue grew 1 percent year-over-year, and 19 percent quarter-over-quarter, reaching USD 4.45 billion and accounting for 36 percent of total revenue. Revenue from the subscription business, which includes both products and services, climbed to USD 437.8 million, up 15 percent year-over-year and 8 percent quarter-over-quarter.

Q1 2026 Results & Outlook by Company

LG Home Appliance Solution (HS) Company

The HS Company reported revenue of USD 4.75 billion -- an all-time quarterly high -- and an operating profit of USD 389.9 million. Growth was driven by a successful two-track strategy targeting both premium and mass-market segments, alongside continued expansion in subscription and online businesses. Despite rising raw material costs and the impact of U.S. tariffs, LG's home appliance business maintained an operating margin of 8.2 percent.

Looking ahead to the second quarter, LG plans to foster continued sales growth by strengthening its product lineup and targeting key markets in Global South. It will also focus on securing profitability through supply chain optimization and cost competitiveness enhancements. The company will also continue to nurture future growth drivers, including its home robot and robot components businesses.

LG Media Entertainment Solution (MS) Company

The MS Company recorded revenue of USD 3.54 billion and an operating profit of USD 254.5 million. Profitability improved significantly year-over-year, and also returned to profit compared to the previous quarter. The strong performance was driven by strong premium product sales, growth in the webOS platform business, and ongoing efforts to improve marketing cost efficiency and reduce fixed costs.

In the second quarter, LG will prioritize profitability and respond proactively to market demand arising from major global sporting events. It will also continue to expand partnerships and invest in content to accelerate the growth of its webOS platform business.

LG Vehicle Solution (VS) Company

The VS Company registered its highest-ever quarterly revenue and operating profit, with figures of USD 2.49 billion and USD 145 million, respectively. Revenue growth was driven by the premiumization of in-vehicle infotainment solutions and the expanded adoption across a wider range of vehicle models, particularly among European automakers. Operating profit margin exceeded 6 percent for the first time. Based on stable growth driven by a solid order backlog, this impressive achievement firmly establishes the business as a reliable B2B performer and a cornerstone of LG's broader business portfolio.

LG Eco Solution (ES) Company

The ES Company posted revenue of USD 1.93 billion and an operating profit of USD 170.3 million. Revenue and operating profit declined year-over-year due to weakened local consumer sentiment stemming from the conflict in the Middle East and increased personnel costs.

LG plans to expand its non-hardware-based businesses, such as installation and maintenance, while bolstering sales of region-specific products including unitary systems in North America and heat pump solutions in Europe. It is also focused on securing future growth opportunities in the AI data center cooling solutions market by augmenting its lineup of air-cooled solutions with next-generation liquid-cooling technologies.

Earnings Conference and Conference Call

LG Electronics will hold a Korean and English conference call on April 29, 2026, at 16:00 Korea Standard Time (07:00 GMT/UTC). Participants are instructed to pre-register online to receive a private PIN. To join the call, dial +82 31 810 3130, enter passcode 6418#, followed by the PIN. The presentation file will be available for download on the LG Electronics website prior to the call.

*Revenue from TVs and air conditioners was excluded.