What is the market's earnings forecast for LG Display next quarter?

What were the key takeaways from LG Display's earnings call?

What guidance did LG Display's management provide for the next earnings period?

What is LG Display's latest dividend and current dividend yield?

What factors drove the changes in LG Display's revenue and profit?

What were the key takeaways from LG Display’s earnings call?

What is the revenue and EPS growth rate for LG Display year over year?

What is LG Display's gross profit margin?

- **OLED Dominance**: 65%+ revenue from OLED, ASP up 29% QoQ, solidifying premium market leadership.
- **Profit Growth**: Operating profit +500 billion QoQ, EBITDA margin 20%, driven by cost innovations and strategic shipments.
- **2026 Outlook**: 7 million+ OLED TV panels, foldable smartphone panel readiness, and smartwatch supply expansion.
- **Risk Mitigation**: Workforce efficiency programs, prudent CapEx, and high-end product focus to navigate macro challenges.

**【Management Opening Remarks】**
- Q3 2025 revenue: KRW 6.957 trillion (25% QoQ growth, 2% YoY), driven by 29% QoQ increase in ASP to $1,365/sqm.
- Operating profit: KRW 431 billion (500 billion QoQ improvement), boosted by 65% OLED revenue share (up 9% QoQ) and cost innovations.
- Q4 guidance: Low single-digit area shipment growth, higher ASP due to small/mid OLED seasonality, and ongoing workforce efficiency programs.

**【CFO Financial Commentary】**
- EBITDA: KRW 1.4239 trillion (20% margin), with debt-to-equity ratio improving to 263% (down 5% QoQ).
- 2025 YTD: Revenue KRW 18.6093 trillion, operating profit KRW 345 billion (1 trillion Y-o-Y improvement).
- Q4 initiatives: Additional workforce optimization to offset costs within 1.5 years, prudent CapEx below KRW 1 trillion.

**【Q&A Highlights】**
- **OLED Sustainability**: 65%+ OLED revenue share to persist, with 2026 foldable smartphone panel readiness through R&D and supply chain flexibility.
- **Smartwatch Dominance**: Sole supplier for smartwatch panels post-JDI exit, contributing to 2025 wearable revenue growth.
- **IT Strategy**: Focus on high-end LCD and gradual OLED adoption in notebooks, leveraging 8.6 Gen OLED investments.
- **TV Segment**: 7 million+ OLED TV panels in 2026, targeting gaming monitors for growth despite LCD competition.
- **Risk Management**: Cost innovation and customer diversification to mitigate macroeconomic and competitive pressures.

LG Display Co., Ltd. (LPL) Q3 2025 Earnings Call Transcript

- **OLED Dominance**: OLED revenue share hits 56%, driving 32% Q-o-Q ASP increase to $1,056.
- **Debt Reduction Success**: Debt ratio down 40ppts to 268%, net debt/equity 155% (down 19ppts).
- **2H25 Outlook**: Shipments down low-mid single digits, ASP up mid-20% on small/medium OLED growth.
- **Strategic Investments**: KRW 1.26T for new OLED tech, supporting 2H25 performance rebound.
- **Monitor Expansion**: OLED monitor share to exceed 10% of large OLED shipments in 2025.

**【Management Opening Remarks】**
- Q2 2025 revenue declined 8% Q-o-Q to KRW 5.587 trillion (17% YoY drop), driven by LCD TV business termination and seasonal smartphone panel weakness.
- Operating loss of KRW 116 billion due to FX headwinds and lower demand for mobile panels.
- Net income turned positive at KRW 890.8 billion, boosted by FX gains and Guangzhou plant sale proceeds.
- EBITDA of KRW 1.539 trillion (19% margin), maintaining mid-teen margin for 7th consecutive quarter.
- OLED revenue share rose to 56%, up 1ppts Q-o-Q and 3ppts YoY.

**【CFO Financial Commentary】**
- Q2 performance reflected off-season mobile panel utilization and FX volatility, but OLED ASP per sqm rose 32% Q-o-Q to $1,056.
- 2025 CapEx ~KRW 2 trillion, with KRW 1.26 trillion invested in new OLED tech over 2 years.
- Debt reduction ahead of schedule: debt ratio 268% (down 40ppts Q-o-Q), net debt/equity 155% (down 19ppts).
- 2H25 outlook: shipment area down low-mid single digits, ASP up mid-20% on small/medium OLED growth.

**【Q&A Highlights】**
- **OLED Tech Investment**: KRW 1.26T for new OLED tech (confidential details), supporting 2H25 performance rebound.
- **Smartphone Panel Outlook**: 2025 smartphone panel shipments +20% YoY, targeting new models despite macro uncertainty.
- **IT Demand Recovery**: Medium panel LCD focus on B2B/high-end, reducing low-margin products; IT OLED shipments up YoY.
- **Large OLED Sales**: 2025 large OLED shipments ~6M units (+YoY), monitor share >10% by year-end.
- **OLED Monitor Growth**: Gaming monitors driving expansion, with differentiated value vs LCD.

LG Display Co., Ltd. (LPL) Q2 2025 Earnings Call Transcript

- **Q4 Strong Performance**: Revenue up 15% QoQ, operating profit turnaround to KRW 83.1B, OLED share hits 60%.
- **2024 Growth**: Annual revenue +25%, profit improvement of ~KRW 2T despite one-off costs.
- **2025 Outlook**: Conservative CapEx (low-mid KRW 2T), depreciation decline to KRW 4.3T, auto display growth >70% YoY.
- **Key Drivers**: Smartphone panel diversification, OLED technology leadership, operational efficiency improvements.
- **Risks**: IT market sluggishness, macroeconomic uncertainties, seasonality impacts.

**【CEO Opening Remarks】**
- Q4 2024 revenue reached KRW 7.83 trillion, up 15% QoQ and 6% YoY, driven by smartphone panel shipment growth and OLED-centric strategy.
- Operating profit turned positive at KRW 83.1 billion, with annual profit improving by ~KRW 2 trillion YoY despite mid-KRW 100 billion one-off expenses.
- EBITDA margin reached 17% in 2024, with Q4 EBITDA of KRW 1.307 trillion.
- OLED revenue share hit 60% (QoQ +2pp), highest on record, with mobile segment contributing 42% of revenue.
- Q1 2025 guidance: TV panel shipment decline >mid-single digits QoQ, ASP down mid-10% QoQ, but strong loading rate and model diversification expected to support performance.

**【CFO Financial Review】**
- 2024 annual revenue up 25% YoY, with profit improvement of ~KRW 2 trillion despite one-off expenses in Q3/Q4.
- Stable earnings trend since Q3 2024, with focus on cost innovation and operational efficiency.
- 2025 CapEx projected at low-mid KRW 2 trillion, prioritizing infrastructure utilization and business structure upgrades.
- 2024 CapEx was KRW 2.2 trillion, with depreciation declining to ~KRW 4.3 trillion in 2025 from KRW 5.1-5.2 trillion in 2024.

**【Q&A Key Highlights】**
1. **Smartphone Panel Competition**: 
   - Focus on future-proof technologies, mass production competitiveness, and cost innovation.
   - Expect 20% YoY shipment growth in 2025, with revenue mix from mobile panels rising to 33% in 2024 from 26% in 2021.
   - Entry-level foldable models may help mitigate seasonality but market volatility remains.

2. **IT OLED Outlook**: 
   - 2025 growth expected despite sluggish IT market, driven by tandem OLED's low power consumption advantage.
   - Operational efficiency improvements in fabs to offset underperformance in 2024.

3. **Large OLED Strategy**: 
   - Quantum fab depreciation ending in H2 2025, supporting cost competitiveness.
   - Focus on gaming monitors, ultra-large TVs, and high-end monitors to diversify product lineup.

4. **Auto Display Growth**: 
   - Auto display market to grow >70% YoY in OLED and >20% YoY in LTPS-LCD.
   - Target 100% growth in auto display business, leveraging tandem OLED technology and balanced customer portfolio.
   - Maintain #1 market share by revenue with differentiated product portfolio.


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