Samsung Electronics Beats Q2 Earnings with 89.4T Won Operating Profit, Analysts Diverge on Outlook

According to Yonhapnews, Samsung Electronics announced on July 8 that Q2 revenue reached 171 trillion won with operating profit of 89.4 trillion won, surpassing market expectations despite a performance bonus provision. The stock price fell 7,000 won (2.36%) to 289,000 won as of 10:50 a.m. on July 8.

Korean brokerages are divided over the memory chip super-cycle outlook. Optimists including IBK Investment and Securities and KB Securities raised their price targets to 46 million won and 60 million won respectively, citing extended memory supply shortages through 2028 due to ongoing AI investment. Kiwoom Securities, however, lowered its target to 39 million won from 43 million won, forecasting slower earnings growth in the second half amid potential PC and smartphone sales slowdown driven by rising memory prices.