LX Semicon (108320) Q2 2026 earnings summary

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.