LG Electronics reports solid second-quarter profit as record revenue and margins rise

South Korean group posted ₩23.83 trillion in second-quarter revenue and ₩1.58 trillion in operating profit, supported by premium appliance and TV sales, automotive electronics growth, and a one-time U.S. tariff refund.

Summary

LG Electronics reported strong second-quarter results, with consolidated revenue rising 14.9% year over year to a record ₩23.83 trillion and operating profit jumping 147% to ₩1.58 trillion as its core home-appliance and television businesses remained resilient. The South Korean electronics group said premium product sales, growth in automotive electronics, product mix optimization, cost controls, and a one-time gain from U.S. tariff refunds supported profitability despite an uncertain macroeconomic backdrop. First-half cumulative operating profit reached ₩3.25 trillion. Market reports differed on net profit, with some South Korean media citing ₩781.3 billion and others reporting net profit attributable to the parent company of ₩668 billion after non-operating items and tax expenses, versus a market estimate of ₩739.81 billion. LG Electronics is also expanding into growth areas including AI data center cooling solutions, robotic actuators, B2B operations, and subscription-based services.

Terms & Concepts
  • B2B: Business-to-business sales to companies
  • webOS: LG's smart TV software platform
  • AI data center cooling solutions: Cooling systems for data centers running artificial-intelligence workloads