Samsung Reports ₩89.4T Operating Profit in Q2, Beats Nvidia Record as Stock Falls 7% on July 7

According to Korea Herald, Samsung Electronics reported preliminary Q2 2026 operating profit of ₩89.4 trillion ($58.4 billion) on July 7, surpassing Nvidia's record $53.5 billion operating income and becoming the largest quarterly operating profit in technology industry history. The stock fell as much as 10% intraday and closed 6.9% lower at ₩291,500, despite the record earnings—a pullback analysts attributed to positioning exhaustion after a 150% year-to-date rally.

Securities firms covering the stock maintained unanimous Buy or Strong Buy ratings with targets spanning ₩390,000 to ₩600,000 (Benzinga, BigGo Finance). IBK Investment & Securities raised its target 31% to ₩460,000, while the spread reflects divergent views on whether memory earnings from the AI boom sustain or mean-revert once SK Hynix and Samsung's combined $2 trillion capacity investment lands.