LG Display announced on April 23 that first-quarter operating profit surged 338% to 146.7 billion won (US$99.8 million), marking its third consecutive quarterly profit, despite a 9% year-on-year revenue decline to 5.5 trillion won (US$3.76 billion), according to the company’s earnings report.
Financial Performance Summary
Quarter-on-quarter, both revenue and operating profit declined. However, EBITDA reached 1.1 trillion won (US$776 million). OLED products accounted for 60% of revenue, up 5 percentage points compared to the same period a year earlier.
Strategic Shift: LCD Exit and OLED Focus
LG Display’s improved profitability despite lower revenue reflects its strategic pivot away from large liquid crystal display (LCD) panels. The company exited the lower-margin LCD business, including the sale of its manufacturing plant in Guangzhou, China. This exit freed capital for expanded small and mid-sized OLED production.
The transition required significant investment. LG Display secured a 1 trillion won (US$680 million) loan from sister company LG Electronics, LG Group’s consumer electronics affiliate, to “raise the competitiveness of organic light-emitting diode (OLED) and secure operating funds.”
Apple Partnership and Supplier Diversification
LG Display’s mobile OLED capability has positioned it as a key supplier to Apple, which sought to diversify its OLED screen sourcing and reduce dependency on Samsung Electronics for iPhone displays. The relationship began with initial orders of approximately 2 million to 4 million OLED displays for iPhones. Apple subsequently invested US$2.7 billion in LG Display to secure OLED panel production for its 2018 iPhone models. This partnership has provided Apple with greater negotiating leverage in price discussions and reduced supply-chain concentration risk.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyperscale Data Adds 13.2 BTC, Total Holdings Reach 663.31 Bitcoin
Gate News message, April 23 — Hyperscale Data, a publicly traded company on U.S. stock exchanges, increased its Bitcoin holdings by 13.2 BTC, bringing its total position to 663.31 BTC.
GateNews5m ago
Boeing Q1 Loss Narrows 90%, Plans to Boost 737 Monthly Output to 47 Units by Summer
Gate News message, April 23 — Boeing reported narrowed losses and increased aircraft deliveries for the first quarter, with net loss of $7 million (down 77% year-over-year) and parent company net loss of $4 million (down 90% year-over-year). Revenue reached $22.217 billion, up 14% year-over-year,
GateNews19m ago
Tesla Invests $2B in SpaceX Ahead of Expected Mid-2026 IPO
Gate News message, April 23 — Tesla confirmed a $2 billion equity investment in SpaceX on April 22, as disclosed in its Q1 2026 earnings filing. The company's stock held near $387 at the time of writing, with gains of 6% over the past 7 days and 5.31% over the past 30 days.
The $2 billion funding o
GateNews40m ago
Tesla Q1 Earnings Beat Expectations, Stock Rallies Then Retreats; Four Whale Addresses Enter Million-Dollar TSLA Positions on Hyperliquid
Gate News message, April 23 — Tesla released stronger-than-expected Q1 results on April 23, with revenue growth reaching a three-year high and profits exceeding market forecasts, initially driving the stock higher. However, subsequent comments from CEO Elon Musk and CFO regarding 2026 capital
GateNews1h ago
《Naval Handbook》— Naval launches the AI fund USVC, allowing retail investors to invest in OpenAI and Anthropic before listing
Silicon Valley’s well-known investor Naval’s AngelList recently launched a new fund called USVC, positioning it as a way for everyday investors to indirectly participate in hot private tech companies such as OpenAI, Anthropic, xAI, Vercel, Crusoe, Sierra, and Legora with a minimum threshold of just $500.
The official messaging frames it as “investing in building future companies before it all becomes obvious,” and emphasizes that it’s a fund open to all investors that does not require accredited investor status. It aims to transform venture capital assets that previously were only accessible to the wealthy and insiders into a product that retail investors can also reach.
Invest with $500 to invest in early AI companies
USVC’s core narrative is straightforward: as more and more star startups choose to stay in the private market for longer periods, the truly explosive valuation growth often happens in I
ChainNewsAbmedia1h ago
Tesla to Acquire AI Hardware Company for Up to $2 Billion
Gate News message, April 23 — Tesla announced on April 23 that it has agreed to acquire an artificial intelligence hardware company for up to $2 billion in Tesla common stock and equity awards.
Approximately $1.8 billion
GateNews1h ago
