LG Electronics posts record second-quarter highs for both revenue and operating profit. It posts consolidated second-quarter 2026 revenue of 23.83 trillion won and operating profit of 1.58 trillion won, it said on Wednesday. From a year earlier, revenue rises 14.9 percent and operating profit jumps 147 percent.

Compared with the previous quarter, the two indicators move in opposite directions. Revenue rises 0.4 percent from 23.73 trillion won in the first quarter, while operating profit falls 5.7 percent from 1.67 trillion won.

Home appliances lead the revenue expansion. The company said it continues to grow on the back of top-tier competitiveness in the industry despite an unfavourable external environment such as the Middle East war. It adds that sports events such as the World Cup and growth in the vehicle solutions business also lift companywide revenue.

Multiple factors drive the more than doubling of operating profit. The company explains that as the fundamentals of its core businesses remain intact, the impact of revenue growth emerges and the share of sales of high value-added products also expands.

Cost-side actions also lift profitability. The company says efforts to improve cost competitiveness across its businesses and an emergency management system that preemptively responds to uncertainty in the business environment work together. It recognises as one-off income the refund of tariffs paid on export volumes to the United States last year.

Indicators below operating profit show a different trend. They worsen instead. Profit from continuing operations before income tax comes to 1.24 trillion won, up 62.8 percent from a year earlier but down 11.5 percent from the previous quarter. Net profit is 781.3 billion won, up 28.1 percent from a year earlier but down 22.3 percent from the previous quarter.

Cumulative first-half revenue totals 47.55 trillion won and operating profit 3.25 trillion won. They rise 9.4 percent and 71.3 percent, respectively, from a year earlier. Cumulative net profit increases 20.3 percent to 1.79 trillion won.

The share of the B2B business also holds. Second-quarter B2B revenue is 6.5 trillion won, up 5 percent from a year earlier, and accounts for 36 percent of companywide revenue excluding LG Innotek. Revenue from its subscription business, including products and services, is 660 billion won, up 5 percent over the same period. The subscription business continues to expand overseas.

AIDC cooling solutions to be nurtured through continued investment in new businesses

The Home Appliance Solution (HS) division posts revenue of 7.08 trillion won and operating profit of 685.9 billion won. Quarterly revenue exceeds 7 trillion won for the first time, and quarterly operating margin comes close to 10 percent for a second straight quarter. This comes as a two-track strategy targeting premium and volume segments in line with demand changes is combined with optimisation of cost structure and supply chains and the impact of tariff refunds. The subscription business, which generates service revenue even after sales, also contributes to a stable profit structure.

The HS division expects a phase of short-term demand stagnation in the third quarter. It plans to strengthen growth momentum by focusing on the global south, where demand is relatively solid, and secure profitability through structural improvements. It will also step up its robot actuator business.

The Media Entertainment Solution (MS) division posts revenue of 5.11 trillion won and operating profit of 219.4 billion won. Sales of premium TVs such as OLED and QNED increase, and growth in the global south continues. Growth in the high-margin webOS platform business is also reflected in results. In the third quarter, it will continue to improve cost structure and operational efficiency while increasing both the share of premium product sales and the webOS business.

The Vehicle Solution (VS) division posts revenue of 3.03 trillion won and operating profit of 191.2 billion won, with both measures setting second-quarter records. Quarterly revenue exceeds 3 trillion won for a second consecutive quarter, and operating margin is above 6 percent for a second straight quarter. It plans to continue profitability-based growth in the third quarter by adding product mix improvement and operational efficiency to revenue growth based on its order backlog.

The Eco Solution (ES) division posts revenue of 2.73 trillion won and operating profit of 235.8 billion won. Expanded overseas air conditioner sales drive revenue growth, and operating margin holds at 8.6 percent. In the third quarter, it will promote environmentally friendly, high-efficiency and locally tailored solutions.

The heating, ventilation and air conditioning business will continue investing in the new AIDC cooling solutions business. The company said its independently developed coolant distribution unit is poised to enter key global AIDC supply chains.