LG Electronics said on Monday it posted second-quarter 2026 consolidated revenue of 23.83 trillion won and operating profit of 1.58 trillion won. Both revenue and operating profit were the highest ever for a second quarter. Revenue rose 14.9 percent and operating profit increased 146.9 percent from a year earlier.

First-half revenue including the first quarter totalled 47.56 trillion won, with operating profit of 3.25 trillion won. Revenue rose 9.4 percent and operating profit increased 71.3 percent from a year earlier. First-half operating profit of 3.25 trillion won has already exceeded last year's full-year operating profit of 2.48 trillion won. From the previous quarter, revenue rose 0.4 percent and operating profit fell 5.7 percent.

The rise in second-quarter revenue came as the company increased sales in its core businesses such as home appliances and TVs based on its position in the premium market. Air conditioner sales increased mainly in overseas markets during the seasonal peak period, and revenue in the vehicle components business also expanded. Concerns stemming from external uncertainties such as the war in the Middle East were offset by the sales increase, the company said.

Operating profit increased as a leverage effect from revenue growth combined with growth in high-margin businesses such as webOS, subscriptions and online. Improved cost competitiveness and operation of an emergency management system across the company also contributed to defending profitability, it said.

Costs from the voluntary retirement programme carried out in April were reflected in the second-quarter results. The company recognised one-off income for amounts confirmed for refunds among tariffs it had paid on export volumes to the United States last year. Even excluding the tariff refunds, second-quarter operating profit rose sharply from a year earlier, it said.

The Home Appliance Solution business continues to grow with a two-track strategy that targets premium and volume segments at the same time. It is also expanding its B2B businesses such as commercial washing machines and built-in appliances, and the component solution business is broadening its portfolio from home appliance parts such as compressors and motors to robot actuators.

The Media Entertainment Solution business continues to improve its performance from a year earlier, led by new premium TV products such as OLED evo and MicroRGB. It is focusing on improving structural fundamentals across the business through improved cost competitiveness, maintaining healthy inventory and improving the efficiency of competitive costs.

The Vehicle Solution business continues to grow based on a large order backlog and partnerships with strategic customers. It is actively responding to growing demand for premium infotainment and has secured stable revenue and profitability, establishing itself as a new cash cow in the B2B area. It aims to continue profitability-based growth in the second half on the back of efforts to improve its cost structure.

The Eco Solution business increased sales mainly in overseas markets such as Europe, where record heat waves continued. It is responding to new demand such as heat pumps and unitary systems while continuing investment in cooling solution businesses for AIDC (AI data centres). LG Electronics plans to announce second-quarter consolidated net profit and business division performance through an earnings briefing late this month.