Samsung Q2 2026 earnings: Record profit, stock falls 7%

Tuesday's preliminary net disclosure enactment Samsung's second-quarter operating nett astatine 89.4 trillion won ($58.4 billion), astir nineteen times what the institution earned successful the aforesaid 3 months of past twelvemonth — yet shares successful Seoul gave up arsenic overmuch arsenic 10% during the league earlier settling 6.9% little astatine the close.

For the 3rd 4th running, Samsung acceptable a caller high-water people for operating profit. At 171 trillion won, second-quarter gross came successful astatine much than doubly the 74.6 trillion won the institution posted a twelvemonth prior. Wall Street had penciled successful operating nett of astir 87.3 trillion won, a barroom the institution cleared, Reuters reported.

A near-150% run-up successful Samsung shares implicit the people of the twelvemonth meant that by the clip Tuesday's figures landed, a blockbuster 4th had already been baked into the price, analysts said, leaving the bushed with small powerfulness to propulsion the banal higher.

"Samsung's beardown net were wide expected and had mostly been priced successful aft its shares rallied up of the results," Albert Yong, a managing spouse astatine Petra Capital Management, said. "Investors stay acrophobic astir the sustainability of the AI roar and the hazard of slower AI infrastructure spending by large U.S. exertion firms."

A Morgan Stanley enactment published the time earlier the net merchandise warned that the caller pullback successful chipmaker shares was not yet over, pointing to expectations that ample unreality operators would soon enforce tighter controls connected superior spending, according to Reuters.

Bonus provisions weighed connected the header number: a wage statement reached earlier this twelvemonth ties 10.5% of the semiconductor division's yearly operating nett to worker bonuses, and analysts said that stripping retired those charges would person pushed the quarterly fig supra 100 trillion won.

Additional unit came from Samsung's precocious announced program to walk astir 400 trillion won gathering a caller semiconductor manufacturing hub successful southwestern South Korea. According to Counterpoint Technology Market Research manager Tom Kang, speaking to CNBC, the chosen tract sits good extracurricular South Korea's established chipmaking corridor, meaning utilities, facilities and supporting infrastructure would each request to beryllium created from the crushed up successful a portion investors bash not typically subordinate with precocious semiconductor production.

Rival SK Hynix banal closed down 6% connected Tuesday. The institution kicked disconnected a U.S. stock offering worthy 43 trillion won connected Monday, according to Reuters, with the banal owed to statesman changing hands connected Friday. eToro marketplace expert Zavier Wong told CNBC that the timing of the SK Hynix listing drew superior that mightiness different person flowed toward Samsung.

A afloat net study covering each concern part is scheduled for July 30.