Samsung Falls Despite Huge Profit Surge
Yahoo Finance ·
Samsung Falls Despite Huge Profit Surge Moz Farooque ACCA Tue, July 7, 2026 at 12:53 PM EDT 1 min read 005930.KS NVDA AAPL GOOGL This article first appeared on GuruFocus . Samsung Electronics ( SSNLF ) stumbled Tuesday even after projecting a 19-fold surge in Q2 operating profit, signaling that investors may already be looking past the AI memory boom. The company said operating profit for the April-to-June period likely reached 89.4 trillion won, or about $58.4 billion, compared with 4.7 trillion won a year earlier. Revenue rose to 171 trillion won from 133.9 trillion won in the prior quarter, helped by strong demand for memory chips used by AI leaders such as Nvidia ( NASDAQ:NVDA ), Google ( NASDAQ:GOOG ) and Apple ( NASDAQ:AAPL ). Warning! GuruFocus has detected 9 Warning Signs with AMD. Is AAPL fairly valued? Test your thesis with our free DCF calculator. The stock still fell nearly 5%, as profit-taking and labor costs weighed on sentiment. Samsung earlier agreed to scrap its 1,000% base salary bonus cap and allocate 10.5% of operating profit to bonuses after union pressure. The company also recently outlined a 140 trillion won investment plan in South Korea's Chungcheong region.
DYAX Investor Sentiment
Bullish (Long) 46% · Bearish (Short) 54%
326 participants