LG Electronics Posts Record Q2 Profit as Appliances and Auto Parts Business Shine

LG Electronics has released preliminary guidance figures for the second quarter of 2026, reporting consolidated revenue of $15.82 billion and operating profit of $1.05 billion. According to the company, both metrics represent the strongest second-quarter performance in LG's history, ahead of the release of its full financial results later this month.

The South Korean electronics giant said first-half 2026 results were equally striking, with revenue reaching $31.58 billion and operating profit hitting $2.16 billion — the best first-half figures on record. Notably, LG's operating profit for just the first six months of this year already surpassed its total operating profit for all of 2025.

LG attributed the quarterly revenue growth to strong momentum in its core home appliance and television businesses, which benefited from premium product positioning, alongside seasonal demand that boosted global air conditioner sales. The company's vehicle solutions unit also continued to expand, helping offset ongoing macroeconomic and geopolitical headwinds.

Operating profit more than doubled year-on-year, comfortably beating market expectations. LG credited the jump to growth in higher-margin businesses such as its webOS platform, subscription services and online sales channels, along with company-wide cost efficiency measures. The results were further boosted by a one-time gain tied to confirmed U.S. tariff refunds on duties previously paid on exports to the United States, though LG noted that profit still grew significantly year-on-year even excluding that non-recurring item.

Across its business units, LG said its home appliance division is pursuing both premium and volume segments while expanding into B2B areas such as commercial laundry and built-in appliances, alongside component solutions like compressors, motors and robot actuators. The media and entertainment business improved on the back of new premium television lines, including OLED evo and Micro RGB models, while the vehicle solutions unit posted steady growth thanks to a solid order backlog and partnerships with global automakers, particularly in premium infotainment systems.

LG's HVAC-focused eco solutions business also saw sales growth, supported by strong demand in Europe amid record heat waves, along with rising interest in heat pumps and cooling systems for AI data centers. The company said these preliminary figures, prepared under K-IFRS standards, are meant to give investors an early reference point, with full results including net profit to be announced officially later this month.