三星“暴雷”，预计Q2净利润暴跌56%！

Core Viewpoint - Samsung Electronics is expected to report a significant decline in second-quarter profit, projected to drop by 56% to 4.6 trillion KRW (approximately 3.3 billion USD), marking the lowest level in six quarters [1] Group 1: Financial Performance - The company's second-quarter sales are anticipated to remain flat at 74 trillion KRW, with the operating profit declining sharply compared to the previous year [1] - This profit level is substantially lower than the LSEG SmartEstimate prediction of a 39% decline to 6.3 trillion KRW [1] - Samsung's semiconductor business is identified as the primary factor for the profit drop, impacted by inventory value adjustments and uncertainties in trade conditions [3] Group 2: Competitive Position - Samsung faces increasing competitive disadvantages in the AI chip sector, having failed to secure performance certification for its latest HBM3E chip from key customer Nvidia, resulting in missed opportunities during the AI boom [1][4] - Competitors SK Hynix and Micron Technology are benefiting from strong demand for advanced HBM chips, with SK Hynix expected to report record quarterly earnings [4] - Analysts estimate that Samsung's HBM revenue for the second quarter may remain flat, with limited shipments of new chips to Nvidia anticipated for the year [4] Group 3: Business Outlook - Despite the bleak second-quarter performance, Samsung expresses cautious optimism for the second half of the year, expecting a narrowing of operating losses in its foundry business as demand gradually recovers [6] - Analysts suggest that Samsung's profitability may rebound in the third quarter, contingent on progress in HBM supply to Nvidia and an overall recovery in chip demand [6] - In the smartphone sector, Samsung aims to revitalize market performance with the launch of a thinner foldable smartphone, although its market share in foldable phones has decreased from 54% to 45% [6]