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olivLaw · US equity research

LG Display Co., Ltd. LPL

Electronic Components, NEC · SIC 3679 · Vertical: Electronic Components, NEC (SIC 3679)

2.65USD+1.92% · 1 dayClose 04 Nov 2026

LG Display makes TFT-LCD and OLED display panels for IT, televisions, mobile devices and automobiles, and is one of the world's leading suppliers of large-sized OLED television panels. The company is shifting its focus toward OLED as the technology becomes its main source of value, with revenue reaching KRW 25810 billion in 2025.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, LG Display Co., Ltd. (LPL) stock was 2.65 USD (+1.92% on the day), with beta 1.24, 52-week range 2.59–5.76 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
unavailable
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM -5,438.00 · TTM to 31 Dec 2024
E/P (TTM)
unavailable
TTM to 31 Dec 2024
Dividend yield
unavailable
Beta (2y)
1.24
Volatility (1y) 62%
52-week range
2.595.76

Price history

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Technical reading

RSI (14)
41.5
weak (30–45)
Bollinger (20, 2)
2.52 – 2.85
in the lower half of the band · %B 0.40 · band width 12.4%
SMA 50 / 200
2.95 / 3.85
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.09 / -0.10
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−14.5%−1.1%−13.4 pp—
3 months−18.7%−0.5%−18.3 pp—
6 months−41.6%+4.4%−46.0 pp—
Year to date−37.1%+12.3%−49.4 pp—
1 year−46.4%+13.5%−59.9 pp+14.7%
3 years−46.2%+76.4%−122.7 pp+61.4%
5 years−69.2%+63.7%−132.8 pp—
Max drawdown (1y)
−55.0%
03 Jun 2026 → 23 Oct 2026
Max drawdown (5y)
−76.0%
04 Jan 2022 → 08 Apr 2025
Compound annual growth (5y)
−21.0%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

the price (USD) and the reports are in different currencies

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20172018201920202021202220232024
Revenue27,790.2 bn24,336.6 bn23,475.6 bn24,261.6 bn29,878.0 bn26,151.8 bn21,330.8 bn26,615.3 bn
Revenue YoY+4.9%−12.4%−3.5%+3.3%+23.1%−12.5%−18.4%+24.8%
Net income1,802.8 bn-207.2 bn-2,829.7 bn-94.9 bn1,186.2 bn-3,071.6 bn-2,733.7 bn-2,562.6 bn
Net income YoY+98.8%−111.5%unavailableunavailableunavailable−358.9%unavailableunavailable
Diluted EPS5,038.00-579.00-7,908.00-265.003,130.00-8,064.00-7,177.00-5,438.00
Diluted EPS YoY+98.8%−111.5%unavailableunavailableunavailable−357.6%unavailableunavailable
net %6.5%-0.9%-12.1%-0.4%4.0%-11.7%-12.8%-9.6%
Free cash flow171.8 bn-3,458.1 bn-4,220.4 bn-316.6 bn2,612.0 bn-2,068.3 bn-1,800.0 bn282.0 bn

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2024 · 31 Dec 2024

Cash
2,021.6 bn KRW
Financial debt
8,504.9 bn KRW
Net debt
6,483.2 bn KRW
Equity
8,072.8 bn KRW
Total assets
32,859.6 bn KRW
Debt / equity
1.05x
Current ratio
0.64x
ROE
-30.4%
ROA
-7.5%
FCF margin
1.1%

Financial statements (source on every figure)

Revenue and net income (KRW)

Margins

Income statement · KRW

Revenue
2022
26,151.8 bn
2023
21,330.8 bn
2024
26,615.3 bn

SEC (XBRL)· 28 Apr 2025verified

Cost of revenue
2022
25,027.7 bn
2023
20,985.6 bn
2024
24,039.9 bn

SEC (XBRL)· 28 Apr 2025verified

Gross profit
2022
1,124.1 bn
2023
345.2 bn
2024
2,575.4 bn

SEC (XBRL)· 28 Apr 2025verified

Research & development
2022
1,382.4 bn
2023
1,379.7 bn
2024
1,447.7 bn

SEC (XBRL)· 28 Apr 2025verified

Operating income
2022
—
2023
—
2024
—

SEC (XBRL)· 28 Apr 2022verified

Depreciation & amortisation
2022
4,557.5 bn
2023
4,213.7 bn
2024
5,125.6 bn

SEC (XBRL)· 28 Apr 2025verified

EBITDA
2022
—
2023
—
2024
—

SEC (XBRL)· 28 Apr 2022derived

Interest expense
2022
966.4 bn
2023
1,634.5 bn
2024
1,821.9 bn

SEC (XBRL)· 28 Apr 2025verified

Pre-tax income
2022
-3,433.4 bn
2023
-3,339.4 bn
2024
-2,191.5 bn

SEC (XBRL)· 28 Apr 2025verified

Income tax
2022
-237.8 bn
2023
-762.7 bn
2024
217.8 bn

SEC (XBRL)· 28 Apr 2025verified

Net income
2022
-3,071.6 bn
2023
-2,733.7 bn
2024
-2,562.6 bn

SEC (XBRL)· 28 Apr 2025verified

Diluted EPS
2022
-8,064.00
2023
-7,177.00
2024
-5,438.00

SEC (XBRL)· 28 Apr 2025verified

Weighted average diluted shares
2022
—
2023
—
2024
—

SEC (XBRL)· 28 Apr 2022verified

Dividend per share
2022
650.00
2023
—
2024
—

SEC (XBRL)· 27 Apr 2023derived

Balance sheet · KRW

Cash
2022
1,824.6 bn
2023
2,257.5 bn
2024
2,021.6 bn

SEC (XBRL)· 28 Apr 2025verified

Receivables
2022
—
2023
3,345.1 bn
2024
3,874.5 bn

SEC (XBRL)· 28 Apr 2025verified

Inventories
2022
2,872.9 bn
2023
2,527.7 bn
2024
2,671.2 bn

SEC (XBRL)· 28 Apr 2025verified

Current assets
2022
9,444.0 bn
2023
9,503.2 bn
2024
10,123.0 bn

SEC (XBRL)· 28 Apr 2025verified

Property, plant & equipment, net
2022
20,946.9 bn
2023
20,200.3 bn
2024
17,202.9 bn

SEC (XBRL)· 28 Apr 2025verified

Total assets
2022
35,686.0 bn
2023
35,759.3 bn
2024
32,859.6 bn

SEC (XBRL)· 28 Apr 2025verified

Short-term debt
2022
2,578.6 bn
2023
1,875.6 bn
2024
969.6 bn

SEC (XBRL)· 28 Apr 2025verified

Long-term debt
2022
8,425.2 bn
2023
10,230.7 bn
2024
7,535.3 bn

SEC (XBRL)· 28 Apr 2025verified

Current liabilities
2022
13,961.5 bn
2023
13,885.0 bn
2024
15,859.1 bn

SEC (XBRL)· 28 Apr 2025verified

Total liabilities
2022
24,366.8 bn
2023
26,988.8 bn
2024
24,786.8 bn

SEC (XBRL)· 28 Apr 2025verified

Equity
2022
11,319.2 bn
2023
8,770.5 bn
2024
8,072.8 bn

SEC (XBRL)· 28 Apr 2025verified

Shares outstanding at year end
2022
357.8 m
2023
357.8 m
2024
500.0 m

SEC (XBRL)· 28 Apr 2025verified

Cash flow · KRW

Operating cash flow
2022
3,011.0 bn
2023
1,682.7 bn
2024
2,411.8 bn

SEC (XBRL)· 28 Apr 2025verified

Capex
2022
5,079.3 bn
2023
3,482.8 bn
2024
2,129.7 bn

SEC (XBRL)· 28 Apr 2025verified

Free cash flow
2022
-2,068.3 bn ≈
2023
-1,800.0 bn ≈
2024
282.0 bn ≈

SEC (XBRL)· 28 Apr 2025derived

Investing cash flow
2022
-6,700.2 bn
2023
-2,589.3 bn
2024
-1,363.2 bn

SEC (XBRL)· 28 Apr 2025verified

Financing cash flow
2022
1,946.0 bn
2023
1,350.9 bn
2024
-1,334.3 bn

SEC (XBRL)· 28 Apr 2025verified

Dividends paid
2022
232.6 bn
2023
—
2024
—

SEC (XBRL)· 27 Apr 2023verified

Computed indicators

Growth

Revenue growth (YoY)
24.8%
computed by olivLawFY 2024
Revenue CAGR 3Y
-3.8%
computed by olivLawFY 2021 → FY 2024
Revenue CAGR 5Y
2.5%
computed by olivLawFY 2019 → FY 2024
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
9.7%
computed by olivLawFY 2024
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
-9.6%
computed by olivLawFY 2024
FCF margin
1.1%
computed by olivLawFY 2024

Returns

ROE
-37.2%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROA
-7.5%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROIC
unavailable
input data missing
ROCE
unavailable
input data missing
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
6,483.2 bn KRW
computed by olivLawbalance sheet at 31 Dec 2024
Net debt / EBITDA
unavailable
input data missing
Debt / equity
1.3x
computed by olivLawbalance sheet at 31 Dec 2024
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
0.6x
computed by olivLawbalance sheet at 31 Dec 2024
Cash ratio
0.1x
computed by olivLawbalance sheet at 31 Dec 2024

Cash

Operating cash flow
2,411.8 bn KRW
computed by olivLawFY 2024
Capital expenditure
2,129.7 bn KRW
computed by olivLawFY 2024
Free cash flow
282.0 bn KRW
computed by olivLawFY 2024
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
50 days
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Days payables outstanding
unavailable
input data missing

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 5 of at least 6
  • score weight coverage: 51.1% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

2.65 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Price and reporting are in different currencies; market indicators are unavailable.

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
-37.2%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Net margin
-9.6%
computed by olivLawFY 2024
Revenue growth (YoY)
24.8%
computed by olivLawFY 2024
Dividend yield
unavailable
input data missing

Coverage and freshness

32/37 reporting lines present
Latest full fiscal year: 2024
Latest reported period: 31 Dec 2024
Latest balance sheet date: 31 Dec 2024
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: SEC (XBRL)published 28 Apr 2026
verified 305derived 2

The data is older than the freshness threshold.

Score by group

51% · Insufficient data

Estimated value range

unavailable — no valuation assumptions for the reporting currency

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

    Multiple comparisons use the SIC vertical: Electronic Components, NEC (SIC 3679)

    Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

    Assumptions (illustrative, editorial)

    Risk-free rate
    6.5%
    Equity risk premium
    6.0%
    Beta (default)
    1.00
    Cost of equity
    12.5%
    Terminal growth
    3.0%

    Factor scorecard

    Insufficient data

    Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 51.1% of at least 60%

    FactorValueScoreWeight used
    Gross margin · Quality9.7%0 (on a fixed band)21%
    EBIT margin · Qualityunavailableunavailable—
    FCF margin · Quality1.1%4 (on a fixed band)17%
    Revenue CAGR 3Y · Growth-3.8%0 (on a fixed band)33%
    Revenue growth (YoY) · Growth24.8%75 (vs peers)17%
    Net debt / EBITDA · Balance sheetunavailableunavailable—
    Current ratio · Balance sheet0.6x0 (on a fixed band)13%
    EV/Sales · Valuationunavailableunavailable—
    FCF yield · Valuationunavailableunavailable—
    Shareholder yield (distributions) · Returnsunavailableunavailable—

    Factors without a value were dropped; the remaining weights were renormalised.

    Score groups

    • Balance sheet· partial0/100 · 1/2 factors with a value
    • Growth25/100 · 2/2 factors with a value
    • Quality2/100 · 2/3 factors with a value
    • Returns· partialunavailable · 0/1 factors with a value
    • Valuation· partialunavailable · 0/2 factors with a value

    A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

    Memo

    LG Display Co., Ltd. (LPL). Latest full fiscal year: 2024; data up to 2024-12-31.

    Figures computed from the financial statements: revenue 26,615.3 bn KRW in 2024; YoY growth 24.8%; net margin -9.6%; ROE -37.2%.

    The estimated value range is 47,411.30–275,419.21 KRW per share (median of 1 methods, agreement: single method); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.

    Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 51.1% of at least 60%).

    Text generated deterministically from the figures shown; no language model. Not investment advice.

    What supports the thesis

    • Revenue growth (YoY): 24.8%

    What contradicts it

    • Gross margin: 9.7%
    • FCF margin: 1.1%
    • Revenue CAGR 3Y: -3.8%
    • Current ratio: 0.6x

    Not assessed (insufficient data or a ratio without meaning): EBIT margin, Net debt / EBITDA, EV/Sales, FCF yield, Shareholder yield (distributions).

    Versus the vertical median

    Electronic Components, NEC (SIC 3679) · same industry (4-digit SIC) · compared with 12 companies

    Multiples and returns vs the median

    P/E
    —
    vertical median 29.9x
    EV/EBITDA
    —
    vertical median 25.7x
    P/S
    —
    vertical median 4.3x
    P/B
    —
    vertical median 2.2x
    ROE
    -37.2%
    vertical median 8.5%
    below median (−536.8%)
    Net margin
    -9.6%
    vertical median 7.6%
    below median (−226.1%)
    EBIT margin
    —
    vertical median 12.2%
    Revenue YoY
    24.8%
    vertical median 8.0%
    above median (+210.2%)
    Net debt/EBITDA
    —
    vertical median -0.2x
    Dividend yield
    —
    vertical median 0.1%

    Price rebased to 100 (monthly, 5 years)

    Companies in the vertical

    Market capP/EROENet marginRevenue YoY1A / 3A
    VRTVertiv Holdings Co79.1 bn38.446.6%16.0%+27.7%+14% / +371%
    AEISAdvanced Energy Industries, Inc.8.6 bn30.419.9%12.7%+21.4%+0% / +123%
    PIImpinj, Inc.5.6 bn—-3.8%-2.5%−1.4%+5% / +116%
    VICRVicor Corporation1.9 bn41.723.5%32.2%+26.1%+78% / +335%
    VREXVarex Imaging Corp779.3 m35.44.6%2.6%+4.1%+60% / −2%
    MPTIM-tron Industries, Inc.277.8 m23.512.4%16.3%+11.0%+24% / +85%
    ESPEspey Mfg. & Electronics Corp.152.7 m12.920.1%24.2%+4.9%+29% / +197%
    LGLLgl Group Inc84.6 m—-0.6%-5.0%−2.9%+15% / +38%
    MVISMicroVision, Inc.42.2 m—-197.8%-2,230.6%−74.3%−91% / −97%
    NSYSNortech Systems Incorporated31.2 m29.43.0%0.6%+723.6%+59% / +26%
    OSTOstin Technology Group Co., Ltd.23.7 m—-169.1%-26.0%+22.2%−97% / −99%
    NEONNeonode Inc.10.5 m1.348.6%397.8%−33.7%−72% / −52%
    LPLLG Display Co., Ltd.——-37.2%-9.6%+24.8%−46% / −46%

    1- and 3-year price returns: for LPL from daily closes (the same as the performance table), for the other companies from month-end closes.

    olivLaw engine forecast

    The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

    The engine has no published run for this company yet.

    Valuation scenarios (editable assumptions)

    Illustrative scenarios

    Scenarios are not available. input data missing

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 28 Apr 2026; since then the company filed 6-K (03 Nov 2026), 6-K (23 Oct 2026), 6-K (22 Oct 2026), 6-K (19 Oct 2026), 6-K (15 Oct 2026), 6-K (02 Oct 2026).

    In brief

    LG Display makes TFT-LCD and OLED display panels for IT, televisions, mobile devices and automobiles, and is one of the world's leading suppliers of large-sized OLED television panels. The company is shifting its focus toward OLED as the technology becomes its main source of value, with revenue reaching KRW 25810 billion in 2025 1.

    SWOT

    Strengths

    • The company is a recognized innovator in OLED and was the first in the industry to adopt oxide TFT technology for large-sized OLED panels 1.
    • A diversified portfolio across IT, televisions, mobile and auto reduces reliance on any single segment 1.
    • Experience running next-generation fabs allows TFT-LCD lines to be converted to OLED with relatively limited modification 1.

    Weaknesses

    • Revenue depends on demand from a few end industries, and a prolonged decline in any one of them could reduce sales 1.
    • Average panel prices keep falling, forcing the company to keep cutting costs to protect margins 1.
    • The company has recorded large impairment losses on large-sized OLED assets in the past, showing exposure to industry cycles 1.

    Opportunities

    • A higher OLED share in mobile, auto and IT products could support better margins over the medium term 1.
    • The announced investments in advanced OLED could open differentiated categories such as gaming monitor panels and commercial displays 1.
    • Exiting TFT-LCD television production may reduce exposure to falling prices and let resources focus elsewhere 1.

    Threats

    • Overcapacity in China and Korea could push prices down and compress margins, especially in older technology segments 1.
    • Trade tensions, tariffs and geopolitical conflicts could affect demand and supply chains 1.
    • Chinese and Korean rivals with large OLED investments could erode the company's market share 1.

    Risks

    • Dependence on end-industry demandhigh

      Significant revenue comes from IT, mobile, television and auto, and a prolonged decline in any of them could reduce sales 1.

    • Cyclicality of the panel industryhigh

      Rapid capacity increases can lead to sharp price declines and large swings in gross margin 1.

    • Steady decline in selling pricesmedium

      If prices fall faster than costs can be reduced, margins could be significantly compressed 1.

    • Economic and geopolitical risksmedium

      Tariffs, sanctions and instability in the Middle East could affect demand and operating costs 1.

    • Asset impairmentmedium

      Worsening market conditions could lead to further impairment losses on property, plant, equipment and intangible assets 1.

    Investment thesis

    What would need to be true (bull case)

    • OLED, which made up the majority of 2025 revenue, could keep growing and support better margins if the transition proceeds as planned 1.
    • A leading position in large-sized OLED panels and production experience could give the company a technical edge over smaller rivals 1.
    • Exiting TFT-LCD television production and closing older fabs could reduce structural losses and concentrate investment 1.

    What would break the thesis

    • If overcapacity in China and Korea persists, prices could fall faster than costs, which could reduce margins 1.
    • Demand for IT products and televisions has stayed weak in recent years, and a recovery could take longer 1.
    • Large OLED investments could strain cash flow if revenue growth does not keep pace 1.

    What to watch

    • Trend in OLED share of revenue and in margin per square meter of net display area2026
    • Completion of the transfer of automotive module production from NanjingJuly 2026
    • Pace of announced OLED investments and level of capital expenditure2026
    • Output ramp of BOE and Samsung Display OLED capacity and its effect on prices2027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 28 Apr 2026; since then the company filed 6-K (03 Nov 2026), 6-K (23 Oct 2026), 6-K (22 Oct 2026), 6-K (19 Oct 2026), 6-K (15 Oct 2026), 6-K (02 Oct 2026).

    The business

    LG Display Co., Ltd. manufactures display panels based on TFT-LCD and OLED technologies in a range of sizes and specifications. End-brand customers integrate the panels into notebooks, monitors, tablets, televisions, mobile phones and auto systems. The company sells directly and through trading companies, and shipments generally go to the system integrators named by major brands 1. In 2025 it sold 101.3 million panels nine inches or larger 1.

    Main fabrication sites are in Gumi and Paju, Korea, and Guangzhou, China, with module assembly facilities in Korea and abroad 1. The company closed older TFT-LCD fabs between 2022 and 2023 and exited TFT-LCD panel production for televisions after selling its China subsidiaries, effective April 1, 2025 1.

    Strategy centers on raising the share of higher-value OLED products and reducing exposure to TFT-LCD overcapacity. OLED products accounted for 61% of 2025 revenues 1. The company announced new investments in advanced OLED technologies, including a KRW 1.1 trillion facility package with an expected completion date of June 30, 2028 1.

    Segments

    IT products

    Panels for notebooks, desktop monitors and tablets accounted for 36.8% of total revenue in 2025, the largest segment by share 1. The segment remains under pressure from weak demand for medium-sized panels, where competition is intense 1.

    Mobile and other products

    Panels for mobile phones and other industrial or medical applications accounted for 35.4% of 2025 revenue, up from prior years 1. The segment benefits from growth in small-sized OLED, where the company has expanded production 1.

    Televisions and auto products

    Televisions accounted for 18.6% of 2025 revenue and auto products for 8.3% 1. The company ended TFT-LCD television panel production in April 2025 and agreed in February 2026 to transfer part of its automotive module production to a third party 1.

    Market context

    The display panel market is transitioning from TFT-LCD to OLED. According to OMDIA, TFT-LCD market revenue reached US$81 billion in 2025 and OLED market revenue US$52 billion, with OLED volume at 1063 million units 1. Average selling prices fell in 2025 and the sub-nine-inch panel market contracted slightly 1. Small-sized OLED for mobile devices makes up about 83% of OLED industry revenue 1.

    The company holds a share of about 13% for panels nine inches or larger and about 16% for smaller panels, according to OMDIA 1. The market remains cyclical, and capacity surpluses can quickly push prices and margins down 1.

    Trends

    • Shift from TFT-LCD to OLEDtailwind

      Rising OLED demand could support the company's revenue and margins if the share of higher-value products keeps growing 1.

    • Industry overcapacityheadwind

      If new capacity in China and Korea comes online faster than demand, average prices could fall and margins could compress 1.

    • OLED expansion into auto and ITtailwind

      Extending OLED into automotive and notebook uses could open new markets, although volumes remain smaller than in the mobile segment 1.

    • Global economic uncertaintymixed

      Trade tensions, tariffs and geopolitical instability could reduce demand for products that use display panels and affect profitability 1.

    Competitive position

    Competition comes from Asian panel makers that are investing heavily in OLED capacity. The source names BOE, China's largest panel maker, and Samsung Display, which is building a new OLED plant in Asan, Korea 1. Price pressure depends on how quickly these capacities reach production 1.

    Competitive dynamics directly affect market share and the ability to earn premium prices for differentiated products. Chinese and Korean companies are investing in OLED at the same time, which could lead to overcapacity in coming years 1.

    • BOE Technology Group

      China's largest panel maker, investing in OLED capacity across several regions in China 1

    • Samsung Display

      main Korean rival, building a new OLED fab at Asan 1

    • TCL CSOT

      Chinese panel maker that bought the company's stake in its China TFT-LCD television subsidiaries 1

    • OMDIA

      market data provider cited by the company, not a direct competitor, but relevant for market share figures 1

    News & filings

    In the press

    The latest news item in our archive is from 22 Oct 2026; the newest SEC filing is from 03 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

    Sources

    1. [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / LG Display Co., Ltd. · 28 Apr 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.