Samsung Electronics anticipates a 39% drop in Q2 profit, primarily due to weaker-than-expected AI chip sales. More details ...

Samsung Electronics on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier, far worse than ...

Samsung Electronics is expected to report a 39% drop in second-quarter operating profit, hit by delays in supplying advanced ...

Specifically, competition is fierce from competitors like SK Hynix and Micron. Both of these have benefited from the memory ...

Samsung Electronics reports a 56% drop in operating income for Q2, marking its first profit decline since 2023 due to ...

Samsung Electronics is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by ...

Samsung forecasts a 56% decline in profits for Q2, struggling with AI demand and competition in the high-bandwidth memory chip market.

SK hynix surpasses Samsung Electronics in Q2 profit expectations amid performance decline Samsungs earnings estimates slump ...

(RTTNews) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its second-quarter operating profit will drop about 95.74 percent from last year as the memory chip downturn continues.

The Korean behemoth made KRW 77.2 trillion in Q2 2022, which means a 22% decline this year. However, Samsung has struggled to convert its revenue to profit at a healthy rate.

Korean analysts predict Samsung Electronics’ profit for the second quarter will decline from quarter one due to lower shipments of smartphones and tablets, reports ZDNet Korea’s Cho Mu-hyun.

Samsung is expecting operating profits of 6.5 trillion won for the second quarter, a drop of 56% from 14.87 trillion won a year ago caused by the downturn in its memory semiconductor business.