SEOUL-- LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2026, reporting a consolidated revenue of KRW 23.83 trillion and operating profit of KRW 781.80 billion.
* LG Electronics recorded third-quarter 2026 consolidated revenue of KRW 23.83 trillion and operating profit of KRW 781.80 billion, creating greater capacity for investment in future growth.
* Core businesses maintained strong market positions, while continued growth in B2B businesses supported overall revenue expansion.
* Home appliances and vehicle solutions served as stable cash cows, while the TV business also improved profitability year-on-year, supported by a stronger premium product mix and cost efficiencies.
* LG further strengthened its business portfolio by driving premium product sales and accelerating investments in future growth engines, including AI data center cooling solutions and robotics infrastructure.
Despite persistent uncertainties, including geopolitical instability and macroeconomic volatility, LG's core businesses maintained their strong market positions and continued to deliver revenue growth, driven by differentiated product competitiveness. LG also continued to expand in the Global South, where significant growth potential remains, while its B2B businesses sustained solid momentum.
Profitability improved significantly by double digits year-on-year. The home appliance and vehicle solutions businesses served as cash cow businesses based on solid profitability in the B2C and B2B segments respectively, while the TV business also delivered a substantial year-on-year improvement in earnings. Company-wide efforts to improve the cost structure, combined with operating leverage from higher sales, helped offset rising costs including higher logistics, material costs and fixed expenses.
LG has delivered strong year-on-year growth in both revenue and operating profit in each quarter of 2026 to date. For the first nine months of 2026, LG recorded consolidated revenue of KRW 71.38 trillion and operating profit of KRW 4.03 trillion. Both figures marked record highs for the period, with nine-month revenue surpassing KRW 70 trillion and operating profit of KRW 4 trillion for the first time.
LG continues to build on the solid earnings of its core businesses to support investment in future growth areas. To address rapidly growing demand for AI data center cooling solutions, the company is upgrading its production facilities while expanding manufacturing capacity in Korea and overseas. LG is also investing in robotics, a key area of Physical AI, including Korea's largest data factory in Yangjae, Seoul, as well as mass-production infrastructure for robot actuators, a core robotics component, in Changwon, Korea.
Home Appliance Business
LG's home appliance business continued to grow through its dual-track strategy targeting both premium and volume segments, with the expansion of appliance subscription, online sales and B2B businesses contributing to revenue growth. The business also maintained a solid profitability structure through continued efforts to improve operational efficiency across manufacturing, logistics and other areas.
Media and Entertainment Business
LG's media and entertainment business achieved year-on-year revenue growth, driven by increased sales of premium products including OLED, as well as revenue growth in emerging markets. The webOS platform business also continued to grow. The business maintained its profitable trajectory by increasing the share of premium products and improving the efficiency of competitive spending.
Vehicle Solutions Business
LG's vehicle solutions business continued its stable growth, supported by the steady conversion of its order backlog into revenue. Along with overall revenue growth, a higher proportion of premium in-vehicle infotainment sales further strengthened profitability, establishing the business as a stable cash cow within LG's B2B portfolio.
Eco Solutions Business
LG's HVAC business maintained revenue broadly in line with the same period last year, supported by sales growth in overseas markets. Profitability declined slightly year-on-year as the company continued to invest in future growth areas, including the expansion of manufacturing capabilities and resources for new businesses.
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.
(C) 2026 Electronic News Publishing, source ENP Newswire