暴跌56%！三星Q2业绩“崩了”

Core Viewpoint - Samsung Electronics reported a significant decline in its second-quarter performance, with operating profit expected to drop by 56% year-on-year and 31.24% quarter-on-quarter, reaching the lowest level in six quarters, which is substantially below market expectations [1] Group 1: Financial Performance - The company's operating profit for Q2 is projected at 4.6 trillion KRW, while revenue is expected to slightly decrease to 74 trillion KRW, reflecting a minor year-on-year decline of 0.1% [1] - Analysts predict that Samsung's operating profit may have bottomed out in Q2, with expectations for gradual improvement in Q3 driven by a rebound in memory chip prices [6] Group 2: Semiconductor Business Challenges - Samsung's semiconductor division, particularly the "Device Solutions" sector, faced profit declines due to inventory value adjustments and U.S. export restrictions on advanced AI chips to China [1][5] - The company is struggling with its high-bandwidth memory (HBM) chip business, as its latest HBM version has not yet received performance certification from Nvidia, causing it to miss out on the AI chip boom [2][3] - Samsung's foundry business is also experiencing losses, with estimates suggesting over 4 trillion KRW in losses in the first half of 2025, attributed to low yields, diminished customer confidence, and widening technology gaps compared to TSMC [4] Group 3: Market Dynamics and Future Outlook - U.S. export restrictions on AI chips have negatively impacted Samsung's foundry business, although the company anticipates a gradual recovery in demand and a narrowing of operating losses in the second half of the year [5] - The company is facing challenges in its consumer electronics segment due to U.S. tariffs affecting sales of TVs and home appliances, alongside a 7% appreciation of the Korean won against the dollar, which has weakened its price competitiveness in overseas markets [6] - Samsung plans to launch a new lightweight foldable smartphone to regain market share, as its share in the foldable smartphone market has decreased from 54% to 45% despite a 12% increase in global shipments [6]