Samsung’s Q2 operating profit surged to 89.4 trillion won, exceeding forecasts, but failed to lift Micron and other semiconductor shares.
Samsung Electronics reported a preliminary Q2 operating profit of 89.4 trillion won ($59 billion), an 1,800% increase from 4.7 trillion won a year earlier. The figure surpassed analyst expectations of 85 trillion to 86 trillion won, driven by strong demand in memory chips and consumer electronics.
Despite the earnings beat, chip stocks declined on Tuesday. Micron and Sandisk led losses, while broader indices showed mixed reactions. The Dow Jones inched higher, but the Nasdaq retreated, reflecting investor caution amid sector volatility.
Market focus remains on semiconductor demand trends and macroeconomic signals, with Samsung’s results failing to offset broader concerns about inventory levels and pricing pressures.