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2026-07-30 08:42:47 Samsung Electronics' 2Q revenue surged 130% YoY to KRW171.5 trillion, below the market forecast of KRW172.65 trillion. Operating profit jumped up more than 18x to KRW89.5 trillion, beating expectations, as robust AI demand continued to juice growth in its chip business. Samsung said the latest earnings and revenue were in line with the preliminary results announced earlier. Following the earnings release, Samsung Electronics shares opened more than 2% higher before paring gains and turning lower, and last dropped 1.2%. Samsung forecast that strong server-centric demand will continue amid sustained growth in capex on AI infrastructure. It also expected demand for server DRAM, enterprise SSDs and HBM to accelerate growth. ~ AASTOCKS Financial News Website: www.aastocks.com | |