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LX Semicon (108320) investor relations material
LX Semicon Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue in 2Q26 was KRW 4,012 hundred million, up 3.2% quarter-over-quarter and 0.3% year-over-year.
Fabless semiconductor company specializing in display panel, automotive, and home appliance system semiconductors, focusing on DDI, T-Con, PMIC, and expanding into MCU and thermal management.
DDI products accounted for 86.38% of H1 2026 sales; export ratio was 99.47%.
Major customers: two external clients each contributed over 10% of sales.
Net profit for 2Q26 was KRW 189 hundred million, up from KRW 83 hundred million in 1Q26.
Financial highlights
Sales grew to KRW 4,012 hundred million in 2Q26 from KRW 3,888 hundred million in 1Q26.
H1 2026 consolidated revenue: KRW 789.9 billion, down from KRW 1,639.1 billion in H1 2025.
EBITDA reached KRW 315 hundred million, with an EBITDA margin of 7.9%.
R&D expenses: KRW 112.8 billion, 14.3% of sales.
Total assets stood at KRW 14,399 hundred million, with cash and equivalents at KRW 4,764 hundred million.
Outlook and guidance
Focus on high-value OLED, 8K, and high refresh rate display ICs.
Diversification into automotive MCUs and thermal management for new growth.
Capacity expansion for thermal substrate business; annual production could double to 500,000 units.
Forward-looking statements indicate results may differ due to market and operational uncertainties.
- Revenue and profit fell, margins compressed, and liabilities increased despite higher cash and R&D.108320
Q1 2026 - 4Q25 revenue fell 20.5% YoY, with mobile sales rising to 46% of the product mix.108320
Q4 2025 - Sequential revenue rose 4.2%, with export focus and R&D investment supporting growth.108320
Q3 2025 - 2Q25 and H1 2025 saw steep profit declines but improved liquidity and strong R&D investment.108320
Q2 2025 - Q3 2024 net income rose 8% year-over-year despite a 28% revenue drop and segment mix shift.108320
Q3 2024 - 2Q24 saw higher sales and profit, but H1 2024 was down year-over-year amid global expansion.108320
Q2 2024 - 1Q25 saw higher profits, margin expansion, strong mobile sales, and a robust cash position.108320
Q1 2025 - 4Q24 revenue rebounded, but margins and ROE fell as liabilities surged.108320
Q4 2024
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