economy
First Quarter 2026: Vehicle and Home Subscription Businesses Break Revenue Records
LG Electronics Inc. (LG) announced consolidated revenues of $16.2 trillion and an operating profit of $1.142.5 million for the first quarter of 2026.
TL;DR
- LG Electronics achieved record consolidated revenue of $16.2 trillion and an operating profit of $1.142.5 million in Q1 2026.
- This marks the highest Q1 revenue in company history, with a 4.3% year-over-year increase.
- The vehicle solutions business and home appliance divisions combined for over $6.8 billion in quarterly revenue for the first time.
- B2B and platform businesses showed growth, with B2B revenues reaching $4.446.8 million, representing 36% of total revenue.
- The subscription business generated $436.8 million in revenue, showing a 15% year-over-year increase.
- The HS division reported record quarterly revenue of $4.747.8 million and an operating profit of $389.9 million.
- The MS division saw revenues of $3.537 million and an operating profit of $254.5 million, with improvements driven by premium products and webOS platform growth.
- The VS division reached its highest-ever revenue and operating profit at $2.490 million and $145 million, respectively, with a first-time operating margin exceeding 6%.