LPL

This article first appeared on GuruFocus. - Revenue: KRW6.277 trillion in Q3 2026; up 12% QoQ, down 10% YoY. - Operating Profit: KRW250.6 billion; slightly improved QoQ, down 42% YoY. - Operating Profit Margin: 4%. - EBITDA Margin: 19%. - Net Income: KRW755.6 billion, driven by FX translation gain from won appreciation near quarter end. - Area Shipment: 3.7 million square meters, up 4% QoQ. - ASP (Price per Square Meter): $1,250, up 16% QoQ. - Mobile Revenue Share: 42% of revenue, up 10 percentage points QoQ (largest category change). - IT Revenue Share: 29%, down 7 percentage points QoQ. - OLED Revenue Share: 67% of total revenue, highest quarterly level; up 10 percentage points QoQ and 2 percentage points YoY. - Cash and Cash Equivalents: KRW1.597 trillion, slightly up QoQ. - Debt-to-Equity Ratio: 254%, improved QoQ. - Net Debt-to-Equity Ratio: 141%, improved QoQ. - Q4 Area Shipment Guidance: Expected to grow around 10%. - Q4 ASP Guidance: Price per square meter expected to rise by low single-digit percentage QoQ. - CapEx: Full-year 2026 expected at around low KRW2 trillion. - Warning! 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Release Date: October 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. - Revenue grew 12% QoQ to KRW6.277 trillion, driven by seasonal demand for large-size and mobile OLED products. - OLED share of total revenue reached a record 67%, up 10 percentage points QoQ and 2 percentage points YoY. - Operating profit improved slightly QoQ to KRW250.6 billion despite external challenges. - Area shipment increased 4% QoQ to 3.7 million square meters, with large OLED shipments growing. - Price per square meter rose 16% QoQ to $1,250, helped by higher mobile OLED shipments. - Debt-to-equity ratio improved to 254% and net debt-to-equity to 141% from the previous quarter. - Large OLED panel shipments are projected to grow about 20% YoY in 2026, with OLED monitors making up 20%. - New FLiPP technology offers advantages in brightness, lifespan, power consumption, and cost efficiency. - Foldable smartphone market is expected to grow faster than expected, providing new opportunities. - Auto business remains stable with consistent performance from LTPS LCD and expected stabilization in OLED. - Revenue fell 10% YoY due to reduced midsized LCD shipments from portfolio realignment. - Operating profit dropped 42% YoY, impacted by a 6% decline in the won-dollar exchange rate and chipflation. - Operating profit margin was only 4%, reflecting pressure on profitability. - IT product share of revenue declined 7 percentage points QoQ due to shipment decrease. - Chipflation is raising set prices and dampening demand for high-end products, constraining ASP management. - Q4 ASP growth is expected to be limited to low single percentage due to softer consumer demand and rising raw material costs. - Mobile business faces stronger competition and limited profitability improvement despite volume growth. - Auto market growth is expected to be negative this year due to Middle East war, inflation, and tariff uncertainties. - OLED auto business struggled with slower EV sales from European OEMs and delays in new model mass production. - Investment in new FLiPP technology has not been finalized, creating uncertainty about future capex and mass production timeline. Q: What is FLiPP technology, and what are its advantages over the existing 8.6 Gen approach? What are the investment timing, scale, and mass production plans?A: Yoo-shin Ahn, Vice President of Medium Display Planning and Management, explained that FLiPP is an RGB OLED patterning method that uses a full-sheet Gen 8 mother glass without an FMM (fine metal mask). It improves aperture ratio, brightness, lifespan, power consumption, color representation, and viewing angle, while also reducing process time and improving cutting efficiency and material costs. The investment size and timing have not been finalized, but the company is preparing for its future OLED business with FLiPP to solidify technology leadership and open new markets. Q: How is the large OLED business performing, and what is the shipment and profitability outlook for this year and next? What is the mid- to long-term fab operation strategy, including reutilization of Paju capacity?A: Jong-deok Kim, Vice President of Large Display Planning and Management, said large OLED panel shipments this year are projected at the high 7 million range, up about 20% YoY, with OLED monitors accounting for about 20%. Meaningful growth is expected to continue next year, led by OLED monitors. Profitability may see volatility from the TV market downturn, chipflation, and logistics costs, but the company aims to secure a stable revenue structure through higher shipments and cost cuts. Utilization of existing capacity continues to rise, and part of the capacity will be restarted flexibly in line with incremental demand. Q: How is chipflation affecting profitability, and what is the strategy for the mobile business given rising competition and downside risk?A: Seung-ryong Baek, Vice President of Small Display Planning and Management, acknowledged that downstream pressure and volatility are affecting the company. While the goal is to increase volume over the medium to long term, profitability improvement is likely to be limited relative to volume growth. The company will strengthen its market position and technology leadership based on its smartphone panel expertise, pursue cost innovation and product/operation upgrades, maximize use of existing infrastructure, and carefully consider preemptive investment in new technologies. Q: How is the foldable smartphone market developing, and will foldables erode tablet demand?A: Seung-ryong Baek, Vice President of Small Display Planning and Management, said foldables are expected to see growing demand due to their differentiated form factor and the need for larger screens with increasing AI use. Early reservations that began October 16 suggest the foldable segment may grow faster than expected. Bar-type phones are likely to remain mainstream through continued innovation. On tablets, he said the impact should be limited because target customers and product purposes differ. Q: What is the status and profitability of the auto business, and can the company update its order backlog and future revenue growth expectations?A: Ki Kwan Son, Head of Auto Marketing and Product Planning, said the auto market remains challenging, with global auto sales growth expected to be negative this year due to the Middle East war and inflation, and a real recovery likely postponed until next year. LTPS LCD has maintained consistent performance with major strategic partners in North America, Korea, and Japan, while OLED has struggled somewhat due to slower European OEM EV sales and delays in mass production of some new models. The company sees high long-term growth potential from wider vehicle display adoption and larger panel sizes, and will pursue differentiated vehicle tandem OLED and LTPS LCD technology. The exact order backlog was not disclosed due to competitive and confidentiality reasons. Q: What drove Q3 2026 revenue and operating profit, and how did currency and component costs affect results?A: Kyu Dong Kim, Vice President of Finance and Risk Management, reported Q3 revenue of KRW6.277 trillion, up 12% QoQ but down 10% YoY, as large-size and mobile OLED seasonality drove shipments while mid-sized LCD shipments fell due to a profitability-focused portfolio realignment. Operating profit was KRW250.6 billion, slightly up QoQ but down 42% YoY, pressured by a 6% decline in the won-dollar exchange rate and chipflation that constrained ASP management. Operating margin was 4% and EBITDA margin 19%. Net income was KRW755.6 billion, helped by a large FX translation gain from won appreciation near quarter-end. Q: What were Q3 shipment, ASP, and product mix trends, and how high is OLED's share of revenue?A: Kyu Dong Kim said Q3 area shipment rose 4% QoQ to 3.7 million square meters on large OLED growth, while price per square meter rose 16% QoQ to $1,250 on mobile OLED shipment growth. Mobile's revenue share rose 10 percentage points QoQ to 42%, the biggest change among categories, while IT fell 7 percentage points to 29%; TV and auto were largely unchanged. OLED's share of total revenue reached a record quarterly level of 67%, up 10 percentage points QoQ and 2 percentage points YoY. Q: What is the Q4 2026 guidance for area shipment and ASP?A: Kyu Dong Kim guided Q4 area shipment to grow around 10%, driven by continued seasonality, though advanced purchases made in the first half and set demand uncertainty from chipflation warrant close monitoring. Price per square meter is expected to rise by a low single-digit percentage QoQ, as softer consumer demand and external uncertainties such as inflation and rising raw material prices limit any significant increment. Q: What is the company's investment strategy and CapEx plan for this year?A: CFO Seong Hyeon Kim said the company maintains a strategy of cautiously investing in future technology based on market demand visibility and close consultation with customers, while developing new technologies such as FLiPP. CapEx this year is expected at around low KRW2 trillion, and investment in new OLED technology already communicated to the market will proceed as planned with matched production to begin at the right time. Investment decisions will be made at the right time after careful review of the market and investment environment. Q: What is the strategy for the IT LCD business amid slowing demand and intensifying competition?A: Yoo-shin Ahn, Vice President of Medium Display Planning and Management, said IT LCD is an area where cost is crucial due to slowing demand and growing competition. The company plans to upgrade its product portfolio by focusing on high-end needs of major customers, maximize opportunities For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Thursday, Oct. 22, 2026 - Vice President in charge of Finance and Risk Management - Dong Joo Kim - Chief Financial Officer - Sung-Hyun Kim - Vice President in charge of Business Control and Management - Seung-Hyun Cho - Vice President in charge of Large Display Planning and Management - Jong Duck Kim - In charge of Medium Display Planning and Management - Yu-Shin Ahn - Vice President in charge of Small Display Planning and Management - Seung-Ryong Baek - Vice President, Head of Auto Marketing and Product Planning - Ki Hwan Son - In charge of Business Intelligence - Lee Ki-Young Operator: [Interpreted] Good morning and good evening. Thank you all for joining the conference call for the LG Display earnings results. This conference will start with a presentation followed by a Q&A session. [Operator Instructions] Now we will begin the presentation on LG Display's Third Quarter of Fiscal Year 2026 earnings results. Dong Joo Kim: [Interpreted] Good afternoon. This is Dong Joo Kim, Vice President, in charge of Finance and Risk Management at LG Display. Thank you for joining our third quarter 2026 earnings conference call. Joining us today are CFO, Sung-Hyun Kim; Vice President, Seung-Hyun Cho in charge of Business Control and Management; Vice President, Jong Duck Kim in charge of Large Display Planning and Management; Yu-Shin Ahn, in charge of Medium Display Planning and Management; Vice President, Seung-Ryong Baek in charge of Small Display Planning and Management; Vice President, Ki Hwan Son, Head of Auto Marketing and Product Planning; and Lee Ki-Young, in charge of Business Intelligence. Today's conference call will be conducted in both Korean and English. For more details on the company's performance, please refer to our disclosure or the Investor Relations section in the company's website. Please refer to the disclaimer before we begin the presentation. Please be informed that the financial figures presented in today's earnings release are consolidated figures prepared in accordance with International Financial Reporting Standards. These figures have not yet been audited by an external auditor and are provided for the convenience of our investors. I will now report on the company's business performance in Q3 2026. Revenue in Q3 was KRW 6.277 trillion. In this somewhat unfavorable environment, especially with the strong Korean won, the company was able to grow shipments, thanks to the start of seasonality for major OLED products like large size and mobile. Revenue grew 12% Q-o-Q, fell 10% Y-o-Y, mostly due to the shipment decrease of midsized LCD products as a result of our portfolio realignment centered on profitability. Operating profit was KRW 250.6 billion, slightly improving Q-o-Q and falling 42% Y-o-Y. As I just explained, shipment of large-sized and mobile OLED products grew, but the won to dollar exchange rate fell by 6%, and the chipflation constrained our effort to manage ASP. Prices also rose for some sets, dampening demand for some of our focused high-end products. Operating profit margin was 4% and EBITDA 19%. Net income stood at KRW 755.6 billion, thanks to the vast improvement in FX translation gain following the won's appreciation near the quarter end. Next is area shipment and ASP trends. Third quarter area shipment grew 4% from the previous quarter to 3.7 million square meters as shipment of large-sized OLED products grew despite prolonged uncertainties in the external environment. Price per square meter rose 16% Q-o-Q to $1,250, thanks to growth in shipment of mobile OLED products despite the unfavorable external environment, including the chipflation. Next, I will discuss the revenue breakdown by product category. With the start of seasonality, shipment of mobile products grew, increasing its share out of revenue to 42%, up by 10 percentage points Q-o-Q, which was also the biggest change among all product categories. In contrast, shipment of IT fell with its share declining to 29%, down by 7 percentage points. TV and auto's share remain largely unchanged. Even as external uncertainties and volatility continue, the company is carrying on our work to upgrade our business structure centered around OLED, which is gradually increasing OLED share out of total revenue. As of Q3, OLED share stood at the highest quarterly level of 67%, up 10 percentage points Q-o-Q and 2 percentage points Y-o-Y. Next is financial position and key metrics. Cash and cash equivalents in Q3 was KRW 1.597 trillion (sic) [ KRW 1.511 trillion ] slightly up Q-o-Q. The debt-to-equity ratio stood at 254% and the net debt-to-equity ratio at 141%, both improved from the previous quarter. Next is guidance for Q4. Area shipment is expected to grow around 10% in Q4. Continuing from the previous quarter, seasonality will keep driving shipment, but there is still some impact from the advanced purchase that was made in the first half as well as uncertainties in set demand due to the chipflation, which merits continued close monitoring over the market. As for the ASP, with softer consumer demand and external uncertainties such as inflation and rising prices of raw materials, any increment is not likely to be significant. Price per square meter in Q4 is expected to rise by low single percentage compared to the previous quarter. I will now turn the call over to our CFO, Sung-Hyun Kim. Sung-Hyun Kim: [Interpreted] Good morning and afternoon. This is the CFO, Sung-Hyun Kim. Thank you for joining us at this conference call. Allow me to briefly walk you through our Q3 highlights. Even while external uncertainties continued such as the exchange rate, component price fluctuations and slowing demand for IT products, including high end, the company was able to improve our performance over the previous quarter, thanks to improved business competitiveness based on OLED and higher operational efficiency. The chipflation is driving up the price of sets across industry, and demand is particularly slowing for high-end products, which are the company's strengths. In this environment, what we see as a way to ensure profitability is to keep innovating cost to offset the chipflation and seamlessly develop and upgrade technologies that set us apart and that can help us maintain our competitive edge. As part of this strategy, we keep upgrading the productivity and efficiency of our existing infrastructure while developing leading-edge technologies that will keep a distance from the pack and become our future growth engines. As was reported by the media recently, the company remains focused on technological innovation, evidenced by the successful development of the next-generation OLED patterning technology or FLiPP. FLiPP is the combination of the evolution of our OLED technology and mass production experience. We see it as the next-gen technology that will broaden OLED's applicability and technological leadership. The company remains committed to heightening our technological competitiveness based on our proprietary technology and accumulated know-how to translate them into real business performance. We will keep working to equip ourselves with differentiated technological competitiveness and innovate the cost structure to enhance our readiness against external changes and ensure stable profit generation. Let me now briefly outline our strategy for each business area. In large panel, the company continues to lead the premium market based on our proprietary OLED technology and product competitiveness. We will keep strengthening our premium TV OLED products while broadening the lineup of price-competitive new products to accommodate diverse customers' needs. Meanwhile, in monitor OLED, we will boost our gaming OLED product lineup with our unique technology and widen our presence in the market. In small and medium displays, we will -- we plan to keep up our competitiveness in high-end products leveraging our differentiated technological leadership and reliable development and production capability. In mobile, we will solidify our market position with our tech competitiveness and reliable supply execution. And in IT, we will focus on high value-add products while improving cost competitiveness to achieve higher profitability. In Auto, the environment is challenging with broadly slowing growth in the auto market, moderating transition to EV and tougher competition among panel suppliers. But we will further elevate our business competitiveness by solidifying our position in the premium market with the strategy of improving profitability based on cost innovation. Last is on the company's investment strategy. The company maintains the strategy of cautiously investing in future technology based on visibility into market demand and close consultation with customers. At the same time, we're also methodically building up our plans for future growth, future growth engines and mass production competitiveness by developing new technologies like FLiPP that maximizes the strength of OLED. We will keep improving our financial structure while upgrading our leading technology that can help innovate customer value and the display industry. Meanwhile, we will make investment decisions at the right time upon careful review of the market and investment environment to lose no time in responding to customers and consumers' needs and speedily expand our business performance. CapEx spend this year is expected at around low KRW 2 trIllion. Investment in new OLED technology that we already communicated with the market, will move ahead as planned with matched production to begin at the right time. Thank you very much. Dong Joo Kim: [Interpreted] This concludes our presentation of business highlights for Q3 2026. We will now take your questions. Operator, please commence the Q&A session. Operator: [Interpreted] [Operator Instructions] The first question will be provided by Kwon Min-kyu from Kiwoom Securities. Kwon Min-kyu: [Interpreted] I have a couple of them with regards to the company's new technology. There have been quite a lot of media reports about LG Display's FLiPP technology, which the company also seems to be emphasizing in terms of the technological advantages. So my question is with regards to the overview of the FLiPP technology. What would be the investment timing and scale as well as the mass production schedule utilizing FLiPP as well as the product applicability and potential customers? And also given the fact that some of the peers have already gone into mass production based on the 8.6 Gen technology, then what would be FLiPP's advantages over the 8.6 Gen technology? And also, what would be the company's competition strategy to counter the 8.6 Gen? And also, if FLiPP investment were to move fully ahead, then what changes can we expect in terms of the company's medium-term business strategy? And in particular, what direction does the company plan to take with the IT LCD? Yu-Shin Ahn: [Interpreted] This is Yu-Shin Ahn, in charge of Medium Display Planning and Management. Now first about the new technology FLiPP. FLiPP is on RGB OLED patterning method, that allows us to use the full sheet Gen 8 mother glass without having to use FMM. It is the next-gen OLED technology, which is the combination of the evolution in our OLED technology and know-how so far. And it also has far stronger advantages over existing approach in terms of product specifications, production process and cost. And in terms of product specifications and performance first, it improves the aperture ratio, which improves brightness, lifespan and power consumption. It allows individual patterning of RGB, optimizing pixels for each device, maximizing OLED device efficiency and improving color representation and viewing angle. And in terms of production, it does not require repeated iteration of alignment and attachment between the mother glass and the FMM. And since it does not use FMM, it goes through the process continuously for each step, which reduces the process time and improve efficiency. In terms of cost, we can use the full-sheet Gen 8 mother glass, which gives us higher cutting efficiency and productivity, with higher deposition efficiency as well, it offers better material costs. In terms of our plans for investment and production of FLiPP, for example, the size or the timing of such investment in production, have not been finalized yet. We are preparing for our future OLED business with FLiPP, solidifying our OLED technology leadership and opening up new markets with differentiated customer value. And a few words about the latter part of your question, which was on the IT LCD. Now IT LCD business is an area where cost is crucial due to slowing demand and growing competition. We plan to upgrade our product portfolio by focusing on the high-end product needs of our major customers. Not only that, we will recover our business competitiveness here by maximizing our opportunities while keeping an eye on profitability. We will accelerate the work to improve cost and business structure and improve fab efficiency in step with the market. Operator: [Interpreted] The following question will be presented by Kangho Park from Daishin Securities. John Park: [Interpreted] I also have a couple of questions with regards to the company's important business, which is OLED. Now my first question is the shipment of large OLED panels seems to be growing fast led by OLED monitors. And I would like to ask for the company's comments on the company's projection for your shipment for this year and next as well as profitability. And the second question is, what is the company's mid- to long-term business and fab operation strategy for large OLED, including the timing of reutilization of part of the capacity in Paju? Jong Duck Kim: This is Vice President, Jong Duck Kim, in charge of Large Display Planning and Management, responding to the questions. Now first, about the Large OLED business. The panel shipment for large OLED this year is projected at the high [ 7 million ] range, higher by around 20% Y-o-Y. Of them, OLED monitor will be about 20%. We plan to maintain meaningful growth into next year as well based on the increase in shipment for OLED monitors. And as for profitability, there will be some volatility with downturn in the TV downstream market, chipflation and rising cost in logistics, among others. But we will try to secure a stable revenue structure by increasing panel shipment and continuing our cost-cutting initiatives. And about your second question, our utilization of existing capacity continues to go up following the growth in demand for large OLED panel. We will restart part of the capacity flexibly in proportion to the incremental demand, while considering the demand intensity in the TV and monitor downstream market and the optimum production ratio. For a large business, we plan to go beyond the TV market where we are currently strong. We will broaden our monitor market with the WOLED technology and keep growing our business by maximizing our use of existing infrastructure and resources. We will secure stable volume based on win-win partnership with our customers and further elevate our leadership in Large OLED by improving cost and tech competitiveness. Operator: [Interpreted] The following question will be presented by [ Jong-hyeon Yun ] from UBS. Unknown Analyst: [Interpreted] I have two questions on the mobile OLED and IT OLED. Now the first question is about the mobile, the customers' unveiling of the foldable smartphone has escalated expectations in the market and consumers. But for the bar-type phone where the form factor hasn't changed, initial market reaction appears to be subdued. What is the trend in the panel shipment and actual sales that the company is currently seeing? And the second question is, now the launch of foldable also triggered concerns for potential erosion of demand for tablet products. Does the company see foldable smartphones affecting demand for tablets as well? Seung-Ryong Baek: [Interpreted] This is Vice President, Seung-Ryong Baek, in charge of Small Display Planning and Management. And yes, the foldable is expected to grow to see growing demand, because it provides differentiated value to consumers with a new form factor and addresses the need for larger screens with increasing use of AI. Now they started the event early -- early reservation for the product on October 16, and it seems as if the expectations continue to grow. So, at this time, it appears as if the foldable market or the foldable segment is likely to go -- likely to grow faster than expected. Again, it seems as if the foldable market is set to grow. But also at the same time, the bar-type is likely to remain the mainstream product as it continues to innovate itself with new technologies. So for the company, we will be making the investment according to our plan. And we will also keep up with the trends and the demands from the market as well as the consumers and also keep in line with the next-generation evolution so that we can maintain our leadership in the market. And now with the launch of the foldable products, yes, perhaps there may be some concerns about the -- its impact on the demand for the tablet at the same time. But then we do believe that the demand for these different types of products is different. Also, the target customers are different. So the projection is that given the fact that the target customers and the purpose of each product segment are different, the impact is going to be limited. Operator: [Interpreted] The following question will be presented by Jung Hoon Chang from Samsung Securities. Jung Hoon Chang: [Interpreted] I also have two questions. The first is that it's been said that the chipflation has intensified customers' pressure on the panel price. So the question is then how much, if any, has it been affecting the company's profitability? And the second question is, despite the fact that the share of revenue by the mobile products has gone up, at the same time, the mobile business appears to have more downside risk than upside due to stronger competition despite the concentration in the strategic customers. So my question is what is the company's business strategy or the response strategy against this? Seung-Ryong Baek: [Interpreted] Now this is Seung-Ryong Baek again for the -- in charge of the Small Display Planning and Management. Now in terms of the pressure in the downstream industry as well as the volatility, this is something that is occurring generally across the market. And yes, it is also affecting the company as well. Now our goal is for the medium to longer term to continue to increase volume. But also at the same time, given these various constraints, it is also likely that our profitability improvement is going to be limited compared to the increase in the volume. Now based on the technology that we have continued to build up in the smartphone panel business, we will continue to strengthen our position in the market as well as the technological leadership. And also based on the -- based on our cost innovation and also upgrade in the product and operation, we will continue to maintain stable performance while at the same time, driving growth in both the revenue and volume so that we can continue to achieve sustainable performance. Now in order to respond to the changes in the market and the market demand, we will continue to maximize the use of existing production infrastructure and also carefully consider preemptive investment in new technologies. And by doing so, we will focus on timely development of new technologies to help competitiveness of new models launched by our customers and heighten the entry barrier to the smartphone panel business. Thank you. We will take the last question. Operator: [Interpreted] The last question will be presented by Won Suk Chung from iM Securities. Won Suk Chung: [Interpreted] Now my question is on the auto business. Now the auto business for the company continues to maintain at around 10% share out of the total revenue. But then also, we see that for the OEMs, then the demand is really slow to recover and also competition in the display business continues to get tougher. Now we understand that the auto business is relatively stable compared to others because it is based on the orders. Then the question is, what is the company's current status in terms of the auto business and the profitability? And there was also an update once about the order backlog. So can the company provide the update again in terms of the order backlog today? And what is the expectations of the revenue growth in the future? Ki Hwan Son: [Interpreted] Thank you. This is Vice President, Ki Hwan Son, Head of Auto Marketing and the Product Planning responding to the question. Now it is true that the market environment around auto continues to be challenging, with demand and competition, both remaining challenging, and the global auto market has also been showing gradual recovery since COVID, but auto sales growth is expected to be negative this year due to the Middle East war and inflation. Not only that, but combined with other factors like tariff uncertainties in the trading environment, semiconductor supply issues and slower consumer sentiment, real recovery in the auto market is likely to be postponed until next year. Despite such constraints, the company is maintaining its stable business operations with focus on our customers. The LTPS LCD business has kept up its consistent performance based on solid sales by major strategic partners in North America, Korea, Japan and others. And OLED has struggled a little due to the slower sales of European OEMs' EV and delay in mass production of some new models. But we do expect stability to settle as the existing projects move into mass production. For the medium to longer term, we see high growth potential in the auto display market, thanks to wider adoption of vehicle display and larger panel size. It is true that strong growth potential is inviting more competition, but the company will achieve competitive advantage in the market and solidify our business base with our differentiated vehicle tandem OLED, LTPS LCD technology and improvement in cost competitiveness. And about the order backlog that you asked about, please understand that we are not at liberty to disclose the exact size given the competing market environment and confidentiality with our customers. Unknown Executive: [Interpreted] This concludes LG Display's Q3 2026 Earnings Conference Call. We thank everyone for joining us today. Should you have any additional questions, please contact the IR team. Thank you. [Statements in English on this transcript were spoken by an interpreter present on the live call.] Before you buy stock in LG Display, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and LG Display wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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- Interested in LG Display Co., Ltd.? Here are five stocks we like better. - Q3 revenue rose sequentially but profitability remained pressured: Revenue reached KRW 6.277 trillion, up 12% from Q2 but down 10% year over year, while operating profit fell 42% year over year to KRW 250.6 billion due to currency effects, higher component costs and lower average selling prices. - OLED reached a record revenue mix: OLED products accounted for 67% of revenue, driven by stronger mobile OLED shipments, while mobile products grew to 42% of revenue. LG Display expects fourth-quarter area shipments to increase about 10%, though consumer demand and cost pressures may limit pricing gains. - Growth investments remain selective: The company has not finalized the timing or scale of investment in its next-generation FLiPP OLED technology, while continuing planned OLED investments and targeting large OLED, foldable mobile and automotive display opportunities amid demand and market uncertainty. - Short Interest Could Send These 2 Stocks Flying LG Display (NYSE:LPL) reported third-quarter 2026 revenue of KRW 6.277 trillion, up 12% from the prior quarter but down 10% from a year earlier, as seasonal demand supported shipments of large-screen and mobile OLED products. Operating profit totaled KRW 250.6 billion, improving slightly sequentially while declining 42% year over year. The company said higher OLED shipments helped results, but a 6% decline in the won-to-dollar exchange rate, rising component costs described as "chipflation," and pressure on average selling prices limited profitability. → Aurora Rejects Curaleaf's Higher Bid, But the Takeover Fight Isn't Over Net income was KRW 755.6 billion, aided by an improvement in foreign-exchange translation gains as the Korean won appreciated near the end of the quarter. Operating margin was 4%, while EBITDA margin was 19%. Third-quarter display area shipments rose 4% sequentially to 3.7 million square meters. Average selling price per square meter increased 16% from the second quarter to $1,250, driven primarily by higher shipments of mobile OLED panels. → Could Quantinuum's Breakthrough Make Its Sell-Off a Bargain? Mobile products accounted for 42% of revenue, rising 10 percentage points from the prior quarter and representing the largest change among the company's business categories. The IT segment accounted for 29% of revenue, down 7 percentage points sequentially as shipments declined. TV and automotive revenue shares were largely unchanged. OLED products represented 67% of total revenue, up 10 percentage points from the second quarter and 2 percentage points from the prior year. LG Display said this was its highest quarterly OLED revenue mix to date as it continues to reshape its portfolio around the technology. → IonQ's Bold Expansion Could Leave Shareholders Paying the Price Cash and cash equivalents stood at KRW 1.5097 trillion at the end of the quarter, slightly higher than in the prior quarter. The debt-to-equity ratio was 254% and net debt-to-equity was 141%, with both measures improving sequentially. LG Display expects area shipments to rise about 10% in the fourth quarter, as seasonal demand continues to support volumes. However, management said it remains watchful of the impact of advanced purchases in the first half of the year and uncertainty in end-market demand stemming from higher component costs. The company expects average selling price per square meter to increase by a low-single-digit percentage sequentially in the fourth quarter. It cited softer consumer demand, chipflation and higher raw-material prices as factors likely to constrain pricing gains. Chief Financial Officer Sunghyun Kim said the company views cost innovation and differentiated technology as central to protecting profitability amid higher set prices and slowing demand for premium products. He said LG Display will continue to improve the productivity of its current manufacturing infrastructure while developing technologies intended to support future growth. Management highlighted its recently developed next-generation OLED patterning technology, known as FLiPP. Yoo-shin Ahn, head of medium display planning and management, said FLiPP is an RGB OLED patterning method that can use a full-sheet Generation 8 mother glass without requiring a fine metal mask. Ahn said the technology could improve aperture ratio, brightness, lifespan, power consumption, color representation and viewing angles. He also said eliminating repeated alignment and attachment processes associated with fine metal masks could reduce processing time and improve manufacturing efficiency. Using a full-sheet Generation 8 mother glass could also improve cutting efficiency, productivity and material costs, he said. LG Display has not finalized the scale or timing of FLiPP-related investment or production. The company said it is preparing to use the technology to strengthen OLED leadership and pursue new markets. For IT LCD products, Ahn said the company plans to focus on high-end needs from major customers, improve fab efficiency and pursue cost and structural improvements in response to slower demand and heightened competition. Duck Yong Kim, vice president of large display planning and management, said large OLED panel shipments for 2026 are projected to reach the high-7-million range, about 20% above the prior year. OLED monitors are expected to account for roughly 20% of those shipments. The company expects continued growth next year, supported by monitor OLED demand. Kim said profitability in the large OLED business could remain volatile due to weakness in the downstream TV market, chipflation and higher logistics costs. LG Display plans to seek a more stable revenue structure through higher panel shipments and cost reductions. It also plans to flexibly restart portions of existing capacity as demand rises, while considering demand in TV and monitor markets and the optimal production mix. In mobile displays, Vice President Baek Seung-ryong said foldable smartphones appear positioned to grow faster than previously expected, citing consumer interest in the new form factor and demand for larger screens amid greater use of artificial intelligence. He added that conventional bar-type smartphones are likely to remain the mainstream category and said foldables should have limited impact on tablet demand because the products serve different uses and customer groups. For automotive displays, Ki Hwan Son, head of auto marketing and product planning, said industry conditions remain difficult amid slowing vehicle demand, tariff uncertainty, semiconductor supply issues and weaker consumer sentiment. He said recovery in the auto market is likely to be delayed until next year. LG Display's automotive LTPS-LCD business has maintained consistent performance through sales to strategic partners in North America, Korea and Japan, Son said. Automotive OLED performance has been affected by slower European electric-vehicle sales and delays in mass production of some new models, though he expects stability as existing projects enter mass production. The company declined to disclose the size of its automotive order backlog. LG Display expects capital expenditures this year to be in the low-KRW-2-trillion range. Sunghyun Kim said investment in previously communicated new OLED technology will proceed as planned, with mass production beginning at an appropriate time. LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices. Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "What LG Display (LPL) Said on Its Q3 Earnings Call" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

Universal Display Corporation OLED delivered second-quarter earnings above the Zacks Consensus Estimate, but revenues fell short as material sales weakened. Earnings of $1.06 per share topped the $1.04 consensus estimate by 1.9%, while revenues of $152.2 million missed the $158 million estimate by 3.9%.The mixed result reflects a business with resilient royalty revenues but weaker material volumes. Management expects second-half revenue to exceed first-half levels, yet its 2026 outlook remains toward the lower end of the $630 million to $670 million range, leaving material demand and margins as key recovery indicators. The second-quarter earnings beat was supported by the revenue mix and a favorable cumulative catch-up adjustment in royalty and license fees. Royalty and license revenue increased 7.3% year over year to $81.2 million, while material sales declined sharply.The result shows why quarterly earnings can remain relatively resilient even when material volumes are under pressure. Still, the revenue shortfall limits visibility because material sales are closely tied to customer production and OLED panel demand. Material sales declined 25.3% year over year to $66.2 million, primarily because of lower unit material volume, changes in customer mix and a $6.9 million unfavorable period-over-period change in the cumulative catch-up adjustment. Royalty and license fees, in contrast, rose to $81.2 million from $75.7 million.The shift helped cushion revenues but did not prevent profitability from weakening. Operating income fell to $53.6 million from $68.5 million, while net income declined to $49.4 million from $67.3 million. The contrasting trends also make material volumes an important measure of the company's underlying demand. Universal Display Corporation price-consensus-eps-surprise-chart | Universal Display Corporation Quote Universal Display now expects 2026 revenues toward the lower end of its $630 million to $670 million range. Management cited cautious customer forecasts and lower expected material volume as factors behind the outlook.At the same time, management expects second-half revenues to exceed first-half revenues, supported by product launches and customer forecasts. That improvement is important to the recovery thesis because it would show that the first-half weakness is not becoming a full-year deterioration in OLED demand. Image Source: Zacks Investment Research Total gross margin was 76% in the second quarter, down from 77% a year earlier. Material gross margin fell more sharply to 50% from 61%, reflecting lower material sales and mix-related pressure.Management expects material gross margins to move back toward historical levels of approximately 60% in the second half. A return toward that level would provide evidence that the margin pressure seen in the second quarter is easing as product mix and plant utilization improve. The central issue after the quarter is whether weaker material volumes prove temporary. Seasonal product launches, new OLED capacity and broader adoption in IT, automotive and other applications could support demand, but management continues to see uneven conditions across consumer electronics.Gen 8.6 OLED manufacturing is moving into commercial production, while Universal Display continues to develop phosphorescent blue, tandem architectures and AI-driven materials discovery. LG Display Co., Ltd. LPL is also advancing OLED applications in IT and automotive, providing an industry reference for the broader adoption cycle. MKS Inc. MKSI, which supplies process technologies used in flexible and rigid OLED manufacturing, offers another reference to the capital investment taking place across the display-production ecosystem. Universal Display currently carries a Zacks Rank #4 (Sell), with a Value Score of D, Growth Score of F, Momentum Score of C and VGM Score of F. The C Momentum Score provides a modest counterpoint to the weak Growth and VGM readings, but the overall setup remains cautious. Image Source: Zacks Investment Research The Zacks Style Scores are complementary indicators designed to help evaluate value, growth and momentum characteristics, while the Zacks Rank places primary emphasis on earnings estimate revisions. The Style Score framework notes that stocks with Zacks Rank #1 or #2 and A or B Style Scores have historically offered the more favorable setup. For Universal Display, the earnings beat does not remove the revenue shortfall, weaker material volumes or reduced 2026 visibility. A sustained recovery will depend on whether second-half revenue improves as expected and material margins move back toward historical levels. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Universal Display Corporation (OLED) : Free Stock Analysis Report MKS Inc. (MKSI) : Free Stock Analysis Report LG Display Co., Ltd. (LPL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in LG Display Co., Ltd.? Here are five stocks we like better. LG Display posted a second-quarter operating loss, but the result was heavily distorted by a KRW 240 billion workforce restructuring charge; excluding one-time costs, management said core profitability remained positive and first-half operating performance improved year over year. Revenue rose slightly to KRW 5.6121 trillion as shipments of medium- and large-size panels increased, while mobile panel production declined seasonally. The company said its business mix continued shifting toward OLED, which accounted for 57% of revenue. For the third quarter, LG Display expects a seasonal lift in large and mobile OLED shipments and higher panel pricing, though management warned that the second half faces uncertainty from semiconductors, geopolitics, and rising commodity costs. Short Interest Could Send These 2 Stocks Flying LG Display (NYSE:LPL) reported a second-quarter operating loss for fiscal 2026 as seasonal weakness in mobile panels and a one-time workforce restructuring charge offset improved underlying profitability and stronger shipments of medium and large displays. Kim Kyu Dong, vice president in charge of finance and risk management, said revenue for the quarter rose slightly both year over year and quarter over quarter to KRW 5.6121 trillion. He attributed the increase to higher shipments of medium and large-size products, helped by pull-in effects from sporting events, as well as a favorable won-dollar exchange rate. Mobile product production and shipments declined due to seasonality. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks The company recorded an operating loss, with an operating margin of negative 2%, after reflecting one-off costs from intensive workforce restructuring. EBITDA margin was 16%. Net loss totaled KRW 418.8 billion, which Kim said reflected foreign exchange translation losses as the exchange rate continued to rise from the previous quarter. CFO Kim Sunghyun said the company’s core business profitability, excluding one-off costs, remained in the black. In the Q&A session, he said the workforce optimization program resulted in KRW 240 billion in one-off expenses reflected in the second quarter. → 3 Photonics Companies Making Quantum Tech Possible “Excluding such one-off costs, I was determined to see that our business performance was going to be seeing profit,” Kim said through a translator. He added that the result was notable because LG Display had experienced recurring second-quarter losses over the previous four years. Kim said first-half operating performance excluding the restructuring charge improved by more than KRW 100 billion year over year. The company also said it achieved first-half profit for the first time since 2021, despite seasonality and the one-off expense. → AI Data Centers Need Power, and These 2 Industrials Are Cashing In LG Display pointed to an ongoing shift toward an OLED-centric business structure, yield improvements, cost reductions and profitability-focused portfolio adjustments as drivers of the improvement. Kim said the company would continue to focus on “securing top-tier technology” and advancing cost innovation, including the use of artificial intelligence and digital transformation to improve efficiency across development and manufacturing. Area shipments increased 12% from the prior quarter to 3.6 million square meters, driven by growth in medium and large-size products. However, average selling price per square meter fell 13% quarter over quarter to $1,079, reflecting the seasonal decline in mobile products, which typically carry higher pricing per square meter. By product category, LG Display said revenue was divided as follows: IT: 36% Mobile and others: 32% TV: 21% Automotive: 10% TV revenue share rose 5 percentage points from the previous quarter due to increased shipments, while mobile and others declined by 5 percentage points due to OLED seasonality. OLED accounted for 57% of revenue, up slightly from a year earlier. The company ended the quarter with KRW 1.452 trillion in cash and cash equivalents, slightly lower than the previous quarter. Its debt-to-equity ratio stood at 260%, while net debt-to-equity was 156%. Kim Kyu Dong said exchange-rate volatility had partly affected those ratios, but the company’s efforts to improve long-term financial stability were continuing. For the third quarter, LG Display expects shipments of large and mobile OLED products to increase due to positive seasonality. Total area shipments are projected to rise by a mid-single-digit percentage from the second quarter, reflecting some pull-in demand in the prior period and the company’s ongoing optimization of its IT LCD portfolio. Price per square meter is expected to increase by a high-teens percentage level, supported by shipment expansion from mobile OLED seasonality. Kim Sunghyun cautioned that the second half carries “much more than usual” uncertainty, citing semiconductors, geopolitics and rising commodity prices as factors contributing to macroeconomic volatility. He said LG Display would continue cost-cutting efforts and focus on delivering technological value as it works toward its planned business performance. In the large-display business, Kim Jong-deok, vice president of large display planning and management, said the second-half market would be challenging due to rising material costs, including semiconductor components, and demand uncertainty following the end of the World Cup. He also cited aggressive promotions of RGB Mini LED TVs by Greater China suppliers as intensifying competition in the high-end segment. Kim said LG Display plans to promote the unique strengths of White OLED technology, strengthen high-end brand lineups with global set makers and expand mid- to low-end OLED TV offerings. In gaming monitors, he said OLED adoption is growing as the high-end gaming monitor market shifts from LCD to OLED. LG Display expects OLED monitors to increase from a low-teens percentage of large-size shipments last year to about 20% this year, with further growth expected next year. For medium-size displays, Ahn Yoo-shin, vice president of medium display planning and management, said rising semiconductor costs and IT set price hikes make second-half demand “highly uncertain.” The company plans to refine its customer mix toward high-end accounts, reduce low-margin products and continue cost reductions. Ahn said LG Display expects profitability in the segment to continue improving year over year. On IT OLED, Ahn said the company is reviewing more competitive approaches, including using existing fabs to improve efficiency and secure fundamental competitiveness. Baek Seung-ryong, vice president of small display planning and management, said LG Display is steadily increasing its smartphone panel market share based on technological competitiveness and product reliability. To meet rising demand, he said the company will use existing production infrastructure efficiently while carefully reviewing and executing preemptive investments in new technologies. Asked about handset makers’ rising cost burden and the risk of lower panel average selling prices, Baek said the company recognizes industrywide concerns tied to component costs and macroeconomic changes. He said LG Display aims to sustain profitability through cost innovation across production and operations while supporting customers’ new models with timely technology development. Kim Sunghyun said LG Display expects 2026 capital expenditures to be in the mid- to high-KRW 2 trillion range. He said large-scale investments tied to mass production will require demand visibility, confidence in market growth and discussions with customers, and that decisions will balance the company’s financial position with long-term competitiveness. LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels. LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "LG Display Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Revenue: KRW5.612 trillion, slightly up YoY and QoQ. Operating Profit Margin: -2%. EBITDA Margin: 16%. Net Income: Loss of KRW418.8 billion. Area Shipment: Increased by 12% QoQ to 3.6 million square meters. Price per Square Meter: Decreased by 13% QoQ to $1,079. Revenue Breakdown: TV 21%, IT 36%, Mobile and Others 32%, Auto 10%. OLED Revenue Share: 57%, slightly up YoY. Cash and Cash Equivalents: KRW1.452 trillion, slightly down QoQ. Debt-to-Equity Ratio: 20%. Net Debt-to-Equity Ratio: 156%. CapEx Spend 2026: Expected in the mid to high KRW2 trillion range. Warning! GuruFocus has detected 5 Warning Signs with LPL. Is LPL fairly valued? Test your thesis with our free DCF calculator. Release Date: July 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue in Q2 2026 rose slightly year-over-year and quarter-over-quarter to KRW5.612 trillion, driven by increased shipments of medium- and large-sized products. OLED capability is stabilizing, and company-wide cost reduction efforts are continuing, leading to improved operating performance excluding one-off costs. The company achieved profit for the first half of the year for the first time in five years since 2021, despite seasonality and one-off costs. OLED share out of revenue was 57%, increasing slightly year-over-year, indicating a successful expansion of the OLED business. The company is focusing on securing top-tier technology and advancing cost innovation through AI and digital transformation to enhance production capability and drive growth. The company recorded an operating loss in Q2 2026 due to one-off costs from intensive workforce restructuring. Net income recorded a loss of KRW418.8 billion due to the impact of foreign exchange translation loss. Price per square meter fell 13% quarter-over-quarter to $1,079 following the seasonal decline in shipments of mobile products. Cash and cash equivalents in Q2 were slightly down quarter-over-quarter, and the net debt-to-equity ratio stood at 156%, partly affected by exchange rate volatility. The market situation in the second half is expected to be challenging due to rising material costs and demand uncertainty, particularly after the World Cup. Q: Considering the pull-in demand in Q2, what were the one-off costs incurred, and how did they affect the operating performance? Are there any changes to the company's full-year outlook? A: The one-off costs in Q2 amounted to KRW240 billion due to a large voluntary retirement package. Excluding these costs, the company achieved a profit, ending a trend of chronic losses in Q2 over the past four years. The full-year outlook remains on track, supported by technological leadership and cost innovation. Q: With positive seasonality in Q3, what is the company's strategy to expand revenue and improve profitability amid potential risks like weak IT demand and macroeconomic volatility? A: Despite uncertainties such as geopolitical tensions and rising commodity prices, LG Display plans to focus on competitive cost-cutting and delivering technological value to achieve planned business performance in the second half of the year. Q: What is the profitability outlook for large-sized panels in the second half, considering competition from RGB mini LED products? A: The market will be challenging due to rising material costs and demand uncertainty. LG Display will promote the unique strengths of white OLED technology and strengthen high-end brand lineups to maintain leadership. OLED monitors are expected to grow, with shipments rising from 10% last year to 20% this year. Q: How does LG Display plan to address the risks associated with rising IT set prices and declining IT LCD sales? A: The company is securing supply flexibility and focusing on high-end customer accounts to maximize profitability. For IT OLED, LG Display is reviewing competitive approaches to utilize existing fabs efficiently and secure fundamental competitiveness. Q: What are the plans for the small-sized panel business, particularly in the smartphone market, and how will LG Display mitigate risks from rising component costs? A: LG Display is increasing its smartphone panel market share through technological competitiveness and product reliability. The company plans to utilize existing infrastructure efficiently and invest in new technologies. Cost innovation across production and operations will help sustain profitability and strengthen technological barriers. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

SEOUL, South Korea, July 8, 2026 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today the outcomes of its experimental study on how the refresh rate of gaming monitors affects actual real-world gaming performance, with its related research paper published at an international academic conference. According to the paper, "A study on the impact of refresh rate on real-time FPS gaming performance," using a monitor with a higher refresh rate enhances object recognition in dynamic scenes, thereby improving reaction speed and accuracy. For the experiment, 31 adult males described as general gamers experienced four different refresh rates — 60Hz, 240Hz, 360Hz, and 480Hz — in random order while playing a first-person shooter (FPS) game. Quantitative indicators included hit score (number of successful hits) and event interval time (time elapsed from target appearance to elimination), while qualitative indicators included smoothness, ease of tracking, and overall preference. In terms of hit score, the gamers' win rate improved by 38% at the highest level of 480Hz compared to the lowest level of 60Hz. Despite significant gains being achieved even at 240Hz, the win rate increased by an additional 10% at 480Hz. This indicates that gaming performance continues to scale consistently as the refresh rate increases. Qualitative satisfaction also improved as the refresh rate rose. Participants reported that higher levels resulted in smoother visuals and made it easier to track moving targets, which directly contributed to a stronger overall preference. These performance advantages are attributed to the physical characteristics of OLED monitors. Higher OLED refresh rates significantly reduce input lag — the delay between input signals and on-screen response — as well as motion blur. In the experiment, input lag was reduced by more than 10 milliseconds at 480Hz compared to 60Hz. This reduction enabled gamers to determine the positions of fast-moving enemies more accurately. Building on these findings, LG Display plans to continue strengthening its high-refresh-rate Gaming OLED lineup and further solidify its leadership in the gaming monitor market. This past May, LG Display's 27-inch 540/720Hz (DFR) OLED panel, which features the world's highest refresh rate, was honored with the "Display of the Year" award by the Society for Information Display (SID), the most prestigious organization in the field. "Building on our experience in commercializing industry-leading performance products such as the 27-inch 540/720Hz (DFR) OLED, we will further strengthen our technological competitiveness in the gaming display market while securing core technologies for next-generation displays as a technology-driven company," said Choi Young-seok, CTO at LG Display. About LG Display LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 53,049 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com. Media Contact:Joo Yeon Jennifer Ha, Team Leader, Communication TeamEmail: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-display-reveals-experimental-study-results-on-gaming-oled-performance-302820661.html

Management attributed the year-over-year revenue decline to a combination of customer mix shifts, a softer macro environment, and difficult comparisons against prior-year tariff-related stockpiling in China. Visibility across the consumer electronics value chain has become more limited due to cautious consumer demand, higher component costs (specifically memory), and supply constraints. The company is shifting toward a system-level development approach, integrating materials, device architecture, and display design to meet rising performance demands for brightness and power efficiency. Strategic partnerships were reinforced through new long-term agreements with Tianma and LG Display, underscoring deep integration across multiple technology cycles. The industry is entering a multiyear capacity expansion cycle, with significant Gen 8.6 investments progressing in Korea and China to support IT and automotive OLED adoption. Management is leveraging AI and machine learning to accelerate material discovery, predicting thermal stability up to 10,000x faster than traditional density functional theory. Full-year revenue guidance was revised downward to $630 million–$670 million, reflecting reduced near-term visibility and tempered end-market expectations for smartphones. The company expects a stronger second half of the year as customer mix normalizes and new manufacturing facilities move through qualification and production scaling. Phosphorescent blue remains a primary focus, with management noting that evolving specifications for new architectures are extending the development path but not changing the commercialization conviction. A new $400 million share repurchase program was authorized, signaling confidence in long-term cash generation despite current market volatility. Guidance assumes a 2% growth in industry square area for the year, though management noted they occasionally grow below this rate due to customer efficiency gains. Higher memory pricing and supply constraints are cited as specific headwinds tempering demand for mid-range and low-end OLED smartphone models. The company recorded a $3 million foreign exchange loss related to the Korean won and a $2.7 million investment loss on marketable equity securities. Material buying patterns remain 'lumpy,' particularly in China, where revenue was soft in Q1 following significant tariff-related purchasing in the prior year. The ratio of materials to royalty and licensing revenue is expected to normalize to 1.3:1 for the full year, down from 1.5:1 in the first quarter. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management noted that while premium models are more insulated, OLED's 65-plus percent penetration means the company now has significant exposure to mid and low-end models affected by macro pressures. Industry square area growth projections for the year have been lowered to approximately 2% since February. Hybrid architectures combine phosphorescent and fluorescent layers to balance energy efficiency with specific color points and lifetime requirements. While these complex 'matching' requirements for multiple materials have extended development timelines, management views them as a 'when, not if' commercial reality. Management expects China revenues to grow in coming quarters despite a soft Q1, noting that BOE's $9 billion fab in China has entered customer sample validation and is targeting mass production in the second half of the year. The company maintains visibility through routine customer forecasts and believes the revised guidance range properly balances potential outcomes. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.