LG Display: It Is The Long-Term Picture That Is Giving People Pause (NYSE:LPL)


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LG Display (NYSE:LPL) released its latest earnings report on October 25 and the results for Q3 showed an improvement as anticipated, but LPL also fell short of guidance as the improvement was significantly less

(Unit: B KRW, except EPS)

(IFRS)

Q3 2023

Q2 2023

Q3 2022

QoQ

YoY

Revenue

4,785

4,739

6,771

1%

(29%)

Gross margin

0.8%

(3.7%)

0.7%

Operating margin

(13.8%)

(18.6%)

(11.2%)

Operating income (loss)

(662)

(881)

(759)

EBITDA

382

130

391

195%

(2%)

Net income (loss)

(775)

(699)

(774)

EPS

(2,167)

(1,953)

(2,163)

Shipments (M m²)

QoQ

ASP/m²

QoQ

Q3 2023

4.8

1%

$804

Q2 2023

4.7

11%

$803

(6%)

Q1 2023

4.2

(46%)

$850

20%

Q4 2022

7.9

2%

$708

5%

Q3 2022

7.7

(2%)

$675

19%

Q2 2022

7.8

(4%)

$566

(14%)

Q1 2022

8.1

(13%)

$660

(18%)



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