Core Viewpoint - Samsung Electronics reported a significant decline in Q2 performance, with operating profit dropping 55.8% year-on-year to 4.7 trillion KRW, primarily due to a 94% plunge in chip business profits, which fell to 400 billion KRW from 6.5 trillion KRW in the same period last year [1][6]. Financial Performance Summary - Q2 2024 sales reached 74.1 trillion KRW, a 1% increase year-on-year [4]. - Operating profit was 4.7 trillion KRW, down from 10.4 trillion KRW in the same quarter last year, marking a 55.8% decline [4]. - Net profit margin decreased to 6.9%, with gross margin falling from 40.2% to 34.2% [4]. - Return on Equity (ROE) dropped from 11% to 5%, and EBITDA margin fell to 20% [2][4]. Chip Business Challenges - The chip business faced severe setbacks, with operating profit in the Device Solutions (DS) segment plummeting 93.8% to 400 billion KRW [6]. - Revenue from the chip business decreased from 28.56 trillion KRW to 27.9 trillion KRW year-on-year [6]. - Samsung is experiencing intense competition in the storage chip market, particularly from SK Hynix, which has caught up in revenue and is leading in high-bandwidth memory (HBM) chips [6]. Mobile Business Performance - In contrast to the chip business, Samsung's mobile division showed strong performance, with operating profit rising 39% to 3.1 trillion KRW [8]. - The mobile segment's revenue reached 29.2 trillion KRW, up from 27.38 trillion KRW year-on-year, driven by strong sales of the Galaxy S25 and Galaxy A series smartphones [8]. - Samsung maintained a 19% market share in the global smartphone market by volume, largely due to the success of the Galaxy A series [8]. Future Outlook - The company anticipates a rebound in performance in the second half of the year, driven by recovery in the IT sector due to AI and robotics [6]. - Despite challenges, Samsung's foundry business is expected to improve, aided by a significant contract with Tesla for AI chip production [7]. - The overall smartphone demand is projected to slightly contract due to inflation and tariff concerns, but the high-end market is expected to see moderate growth [9].
三星电子Q2营业利润大跌逾半,芯片业务暴跌94%拖累业绩 | 财报见闻
Hua Er Jie Jian Wen·2025-07-31 08:20