LG Electronics Releases Second-quarter 2026 Financial Results

LG Electronics (LG) today announced consolidated revenue of USD 16.60 billion and operating profit of USD 1.10 billion 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 4.53 billion, up 5 percent year-over-year, accounting for 36 percent of total company revenue.* The subscription business, which covers products and services, recorded revenue of USD 459.6 million, 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 4.93 billion and operating profit of USD 477.7 million. Quarterly revenue surpassed USD 4.88 billion 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 3.56 billion and operating profit of USD 152.4 million. 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 2.11 billion and operating profit of USD 133 million. Both revenue and operating profit marked second-quarter highs. Quarterly revenue surpassed USD 2.09 billion 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 1.90 billion and operating profit of USD 164.3 million. 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 center (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.