Oct 22, 2026 earnings call — OLED focus and new FLiPP technology
Revenue was KRW 6.277 trillion and OLED share rose to 67% of revenue in Q3.
Revenue $4.7B (est $4.8B) · EPS $0.56 (est $0.15)
Key quotes
"FLiPP is on RGB OLED patterning method, that allows us to use the full sheet Gen 8 mother glass without having to use FMM."
"With the start of seasonality, shipment of mobile products grew, increasing its share out of revenue to 42%, up by 10 percentage points Q-o-Q, which was also the biggest change among all product categories."
"The chipflation is driving up the price of sets across industry, and demand is particularly slowing for high-end products, which are the company's strengths."
Analyst Q&A 6
FLiPP OLED technology plan
Q (Kwon Min-kyu · Kiwoom): Analyst asked for an overview of FLiPP technology, its investment timing and scale, mass production schedule, product fit and customers. He also asked how FLiPP compares with 8.6 Gen and how it would change the company’s medium-term strategy, including plans for IT LCD.
A: Management said FLiPP is an RGB OLED patterning method that uses full-sheet Gen 8 mother glass without FMM and gives better product specs, production flow and cost. They said the investment size and timing have not been finalized and they are preparing FLiPP to strengthen OLED leadership and open new markets. For IT LCD, they will focus on high-end products for major customers and improve cost, business structure and fab efficiency.
"FLiPP is on RGB OLED patterning method, that allows us to use the full sheet Gen 8 mother glass without having to use FMM." — Yu-Shin Ahn
Large OLED shipments and capacity
Q (John Park · Daishin): Analyst asked the panel shipment outlook this year and next and about profitability for large OLED. He also asked strategy for fab operations and timing to reuse capacity in Paju.
A: Management projected large OLED panel shipment this year in the high [ 7 million ] range, about 20% higher year-on-year, and said OLED monitor will be about 20% of that. They warned profitability may see volatility from weak TV demand, chipflation and logistics costs, and said they will try to secure stable revenue by increasing shipments and cutting costs. They also said they will flexibly restart part of capacity as demand rises and expand monitor sales using WOLED while maximizing existing infrastructure.
"The panel shipment for large OLED this year is projected at the high [ 7 million ] range, higher by around 20% Y-o-Y." — Jong Duck Kim
Foldable phones vs bar phones and tablets
Q (UBS): Analyst asked about current panel shipment and sales trends for bar-type phones versus foldables. He also asked whether foldable phones will reduce tablet demand.
A: Management said foldable demand is growing and early reservations on October 16 show rising expectations, so the foldable segment may grow faster than expected. They said bar-type phones will remain mainstream and the company will invest per plan and follow market trends. On tablets, they said the customer groups and uses differ, so any impact from foldables should be limited.
"So, at this time, it appears as if the foldable market or the foldable segment is likely to go -- likely to grow faster than expected." — Seung-Ryong Baek
Chip cost pressure and mobile strategy
Q (Jung Hoon Chang · Samsung): Analyst asked how chipflation and customer price pressure affected profitability. He also asked how the company will respond to higher downside risk in mobile despite higher mobile revenue share.
A: Management said pressure and volatility are occurring across the market and are affecting the company. They said volume should increase over the medium to long term, but profitability improvement may be limited versus volume gains. They plan to strengthen technology leadership, pursue cost innovation and product upgrades, use existing production more, and consider preemptive investment in new technologies to keep competitiveness.
"Now in terms of the pressure in the downstream industry as well as the volatility, this is something that is occurring generally across the market." — Seung-Ryong Baek
Auto business status and backlog disclosure
Q (Won Suk Chung · iM): Analyst asked for the current status and profitability of the auto business, asked for an update on the order backlog, and asked expectations for future revenue growth.
A: Management said the auto market is challenging and global auto sales growth is expected to be negative this year due to the Middle East war and inflation, so real recovery may be postponed until next year. They said LTPS LCD sales remain consistent with major strategic partners, while auto OLED has struggled a bit but should stabilize as projects enter mass production. They also said they will not disclose the exact order backlog size due to competition and customer confidentiality.
"And about the order backlog that you asked about, please understand that we are not at liberty to disclose the exact size given the competing market environment and confidentiality with our customers." — Ki Hwan Son
Call closing
Q: No question — the operator moved to close the call.
A: The company concluded the Q3 2026 earnings call and invited follow-up questions to IR. The speaker thanked participants and noted interpreter statements in English on the transcript.