LG Electronics posts profit across all four units as Samsung TV, appliance arm slips
LG's HS appliance unit earned 259.2 billion won in the third quarter, while Samsung's TV and home appliance businesses posted about 200 billion won in operating losses.
LG Electronics said its four business units all recorded an operating profit in the third quarter, while Samsung Electronics' TV and home appliance businesses posted an operating loss over the same period, according to inews24.com.
LG's HS business unit, which handles home appliances, reported third-quarter revenue of 7.044 trillion won and operating profit of 259.2 billion won. The company's MS business unit, responsible for TVs, recorded operating profit of 146.7 billion won.
Samsung Electronics, by contrast, logged an operating loss of about 200 billion won in its TV and home appliance businesses in the third quarter.
On an October 28, 2026 earnings conference call, LG's HS business unit management head said competition is expected to intensify as global collaboration expands in the US market and Chinese distributors strengthen their influence in Europe.
Consolidation reshapes the appliance market
Competition is already shifting through cross-border tie-ups. In September 2026, Midea and Electrolux launched a washing machine production joint venture in Anderson, South Carolina, with premium top-load models planned from the first half of 2027. In March 2026, TCL and Sony signed a definitive agreement for a joint venture covering Sony's TV and home audio business, with TCL holding 51% and Sony 49%.
Older consolidation includes Haier's 2016 acquisition of GE's appliance business. JD.com, meanwhile, is seeking to acquire Germany's Ceconomy, which operates MediaMarkt and Saturn, and the deal is under EU regulatory review.
Quick answers
How much operating profit did LG Electronics' appliance unit make in the third quarter?
LG's HS business unit, which handles home appliances, posted operating profit of 259.2 billion won on revenue of 7.044 trillion won.
Did Samsung's TV and home appliance businesses make a profit in the third quarter?
No. Samsung Electronics recorded an operating loss of about 200 billion won in its TV and home appliance businesses in the third quarter.
What did LG say about competition in the appliance market?
On an October 28, 2026 earnings call, LG's HS business unit management head said competition is expected to intensify as global collaboration expands in the US market and Chinese distributors strengthen their influence in Europe.