Samsung Electronics on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier, far worse than analysts expected as its struggling chip business faced U.S. chip curbs on ...

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

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

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

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

Specifically, competition is fierce from competitors like SK Hynix and Micron. Both of these have benefited from the memory chip demand driven by AI growth in the US. Meanwhile for Samsung, it relies ...

Samsung's memory business still contributed the lion's share of the conglomerate's revenue, earning 3.4 trillion won, but it is the unit's lowest profit total for a quarter since the third quarter ...

Samsung has reported KRW 0.67 trillion ($527 million) in operating profit for the second quarter of 2023, which is just slightly higher than last quarter's.

Samsung warns 56% slump in Q2 profit as U.S. curbs hit AI chip business. Family Dollar officially separates from Dollar Tree.

(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.

Its operating profit for Q2 2023 was just KRW 670 billion (approx. $522 million). That’s a profit margin of just 1.1%. More importantly, Samsung’s Q2 profit has dropped a staggering 95% ...

Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak ...