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 ...

The Korean behemoth made KRW 77.2 trillion in Q2 2022, which means a 22% decline this year. However, Samsung has struggled to convert its revenue to profit at a healthy rate.

(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.

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 faces 56% profit decline in Q2 due to struggles with AI demand. Samsung's second-quarter profits are set to fall 56%, impacted by weak demand for memory chips crucial for AI tech.

(RTTNews) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its second-quarter operating profit will drop about 55.94 percent from last year. The company projects quarterly ...

Samsung is expecting operating profits of 6.5 trillion won for the second quarter, a drop of 56% from 14.87 trillion won a year ago caused by the downturn in its memory semiconductor business.

Samsung's Q2 profit halved from low memory demand Written by Cho Mu-Hyun, Contributing Writer July 30, 2019 at 6:04 p.m. PT Samsung wants to become the global top in logic chips by 2030 much like ...

In its Q2 2023 financial results, Samsung confirmed that profits dropped by 95%. This happened previously in Q1, which saw the same 95% drop year-over-year.

samsung; Samsung expects Q2 profit to fall by more than half Had it not been for Apple, things would have been worse By Rob Thubron July 5, 2019, 7:51. Serving tech enthusiasts for over 25 years.

In the first quarter of 2024, Samsung’s profit increased 933% YoY. It took home KRW 6.61 trillion, up from KRW 0.64 trillion in Q1 2023. The Q2 performance was even better.

Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the tech giant's ability to ...