LG Announces First Quarter 2026 Results
: Revenue Exceeds 500 Billion Won
LG Electronics Co., Ltd., a global leader, announced a significant achievement with its first-quarter 2026 financial results, reporting total revenue of 23.73 trillion won (approximately 531 billion baht) and operating profit of 1.67 trillion won (approximately 37.4 billion baht). Revenue increased by 4.3% year-on-year, marking the highest revenue level in its history. Furthermore, LG achieved its third-highest first-quarter operating profit, increasing by 32.9% year-on-year. The company's core business segments, encompassing home appliances and TVs, continued to drive strong performance this quarter, maintaining its leadership in the premium market and delivering outstanding overall performance despite ongoing economic uncertainty. Meanwhile, LG's automotive solutions business, a key pillar of its B2B expansion strategy, continued its steady growth in the first quarter, marking another significant milestone. With the automotive solutions and home appliance business groups surpassing 10 trillion won (approximately 223 billion baht) in quarterly revenue for the first time,
quality growth, focused on long-term profitability, remained a key driver for the company's B2B, platform, and D2X (Direct to Everything) business groups in the first quarter. The B2B business generated 6.5 trillion won (approximately 145 billion baht) in revenue, accounting for 36% of total revenue, representing a 1% increase year-on-year and a 19% increase quarter-on-quarter. Meanwhile, subscription revenue, encompassing various products and services, reached 640 billion won (approximately 14.3 billion baht), showing a 15% year-on-year growth and an 8% quarter-on-quarter increase. These results reflect the potential of the business model to generate stable and sustainable revenue streams.
Q1 2026 Performance and Outlook by Business Group: The Home Appliance Solution (HS) business group reported record quarterly revenue of 6.94 trillion won (approximately 155 billion baht) and operating profit of 570 billion won (approximately 12.7 billion baht). This success was driven by a strategy of targeting both the premium and mass markets, as well as the continued growth of subscription and online channels. Despite challenges from rising raw material costs and the impact of US tariffs, LG's home appliance business group maintained an operating profit margin of 8.2%. Looking ahead to the second quarter, LG plans to continue driving sales growth by strengthening its product lineup and expanding into key markets in the Global South. Simultaneously, the company aims to maintain profitability by improving supply chain efficiency and enhancing cost competitiveness. Furthermore, LG is developing new businesses to drive future growth, such as robotic solutions for home use. This includes robotic parts and technology.
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