LG Electronics earnings for the first quarter of 2026 reached a record KRW 23.73 trillion in consolidated revenue, with operating profit of KRW 1.67 trillion, the company said on April 7, 2026. Both figures surpassed market expectations, marking the highest first-quarter revenue in the company’s history.
Core businesses, including home appliances, maintained growth despite ongoing macroeconomic uncertainty. Expansion in automotive vehicle solutions and other B2B segments also contributed to the record result. Operating profit improved year-on-year, driven by proactive tariff response measures, production optimization, and company-wide cost structure improvements.
Home Appliance and Media Business Performance
The home appliance division addressed both premium and volume segments in line with shifting market demand. Growth in online sales and the appliance subscription business supported overall performance. LG plans to accelerate cost structure efforts amid continued raw material price pressure, while developing future growth areas such as home robots and actuator components.
The media and entertainment division improved profitability year-on-year through operational efficiency and returned to profit compared with the previous quarter. The webOS platform business maintained strong growth. LG said it plans to sustain efficient operations while drawing on its product lineup, which includes OLED TVs, Micro RGB premium LCD TVs, and lifestyle television sets.
Vehicle Solutions and HVAC Results
The vehicle solutions business continued stable growth, supported by a solid order backlog. Profitability improved year-on-year through ongoing cost structure work, and favorable foreign exchange conditions provided a partial additional benefit, given the division’s high proportion of overseas customers.
In contrast, the HVAC business saw revenue and operating profit decline year-on-year. Market uncertainty, including geopolitical factors in the Middle East, weighed on results. LG said it will target heat pump opportunities in line with the global shift from fossil fuels to electricity, and plans to expand into liquid cooling technologies, with a focus on artificial intelligence data center cooling applications.
LG Electronics Earnings Outlook Amid External Risks
LG said it will implement flexible and proactive measures to address ongoing external uncertainties. These include geopolitical instability, rising raw material prices, and higher logistics costs. The company’s platform, subscription, and online sales businesses continued to grow and supported overall earnings in the quarter.
“Revenue reached the highest first-quarter level in the company’s history, supported by sustainable growth in core businesses and steady expansion in B2B segments including vehicle solutions.”
LG Electronics Inc., Preliminary Q1 2026 Earnings Statement
About the Preliminary Figures
The figures are tentative consolidated earnings based on K-IFRS standards, provided for investor reference ahead of LG’s final earnings release. Net profit and full divisional details will be disclosed officially later in April 2026. LG Electronics employs more than 75,000 people globally and reported combined global revenue of over KRW 89 trillion in 2025 across its four business divisions: Home Appliance Solution, Media Entertainment Solution, Vehicle Solution, and Eco Solution.
