LG Electronics Co., Ltd. (LG) announced its consolidated financial results for the second quarter of 2026, reporting total revenue of 23.83 trillion won (approximately 530 billion baht) and operating profit of 1.58 trillion won (approximately 35.2 billion baht). Both revenue and operating profit achieved record highs for the second quarter, with revenue increasing by 14.9% and operating profit soaring by a remarkable 147% compared to the same period last year. As an industry leader, LG's home appliance business continued its strong growth and outstanding competitiveness despite ongoing geopolitical and macroeconomic uncertainties. Furthermore, the continued growth of the automotive solutions business, coupled with strong support from major global sporting events, significantly contributed to the company's overall revenue growth. Overall operating profit more than doubled year-on-year, maintaining strong fundamentals across its core businesses. LG reported revenue growth in the second quarter, with higher-margin products contributing more to total sales. The company also enhanced cost efficiency across its global operations and implemented contingency management measures to address uncertain business conditions. Furthermore, the company recognized a one-time gain from a refund of previously paid customs duties on exports to the United States.

B2B revenue in the second quarter reached 6.50 trillion won (approximately 145 billion baht), a 5% increase year-on-year, accounting for 36% of the company's total revenue.* The subscription services business, encompassing various products and services, generated 660 billion won (approximately 14.7 billion baht) in revenue, also a 5% year-on-year increase, and is expected to continue its global expansion. Q2 2026 Performance and Trends by Business Group: Home Appliance Solution (HS) Business Group: The HS business group generated revenue of 7.08 trillion won (approximately 158 billion baht) and operating profit of 686 billion won (approximately 15.3 billion baht). Quarterly revenue surpassed 7 trillion won for the first time, while the quarterly operating profit margin approached 10% for the second consecutive quarter. This outstanding performance was driven by a dual-track business approach targeting both premium and volume-focused markets, along with cost restructuring, supply chain optimization, and the benefits of the US import tax rebate. Furthermore, subscription services, generating recurring revenue streams after product sales, continued to strengthen the revenue structure of this business group.

In Q3, anticipating a short-term slowdown in market demand, LG will focus on strengthening growth by concentrating on emerging and developing markets (Global South), where demand remains strong, while continuing to restructure its business to maintain profitability. Ready to fully launch its Robot Actuator business, the Media Entertainment Solution (MS) business group generated revenue of 5.11 trillion won (approximately 114 billion baht) and operating profit of 219 billion won (approximately 4.87 billion baht). This was driven by continued growth in premium TV sales, including both OLED and QNED models, coupled with expansion into emerging and developing markets (Global South). Meanwhile, the high-margin webOS platform business continued its growth. In the third quarter, LG will focus on cost and operational efficiency improvements, continue to drive sales of premium products, and further develop the webOS platform business to strengthen its long-term business.

The Vehicle Solution (VS) business group continued its strong growth as a consistently revenue-generating B2B business, achieving revenue of 3.03 trillion won (approximately 67.4 billion baht) and operating profit of 191 billion won (approximately 4.25 billion baht). This marks the highest performance in both revenue and operating profit for the second quarter. Furthermore, this business group exceeded 3 trillion won in revenue and maintained an operating profit margin of over 6% for the second consecutive quarter. Looking ahead to the third quarter, LG aims to maintain continued growth and profitability by leveraging existing order backlogs, optimizing product sales, and continuously improving operational efficiency. The Eco Solution (ES) business group generated revenue of 2.73 trillion won (approximately 60.7 billion baht) and operating profit of 236 billion won (approximately 5.25 billion baht), driven by continued expansion in overseas air conditioner sales. LG is poised for strong profitability with an operating profit margin of 8.6% in the third quarter. The company will accelerate growth by offering environmentally friendly, energy-efficient, and regionally tailored solutions. LG's Heating, Ventilation, and Air Conditioning (HVAC) business will continue to invest in AI Data Center (AIDC) cooling solutions, with distribution units.

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