Morningstar

LG Electronics Expects Quarterly Earnings to More Than Double

Provided by Dow Jones

By Kwanwoo Jun 




  LG Electronics projected a more than doubling in earnings for the second quarter, likely driven by a U.S. tariff return and resilient profitability across its home-appliance, television and vehicle-component businesses. 



  The upbeat forecast means the South Korean consumer-electronics titan remains on course for an earnings recovery this year, following a swift profit turnaround in the first quarter, as it continues to expand into new businesses such as artificial-intelligence data-center cooling systems and robotics. 



  The company said in a preliminary earnings report Tuesday that operating profit likely came in at 1.579 trillion won, equivalent to $1.03 billion, for the April-June period. The projected figure would be a nearly 150% jump from a year earlier. 



  Analysts had expected 1.071 trillion won for the second quarter, according to a FactSet-compiled consensus estimate. 



  Revenue is expected to have risen 15% to 23.830 trillion won for the quarter, the company said, also exceeding market expectations. 



  Shares in LG Electronics have nearly doubled this year amid the company's continued push for AI and new businesses, and as investors gained confidence in its earnings momentum and resilient growth in its core businesses despite challenges. 



  The company is scheduled to release its full quarterly results later this month. 





  Write to Kwanwoo Jun at kwanwoo.jun@wsj.com 





  (END) Dow Jones Newswires



  July 06, 2026 22:40 ET (02:40 GMT)


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