Samsung Forecasts 19-Fold Q2 Operating Profit Jump; Shares Slide Over 6%
2026-07-07 01:19:09
Samsung Electronics forecast a 19-fold jump in second-quarter operating profit to 89.4 trillion won ($58.4 billion) on July 7, beating estimates and marking its third straight record quarter. Shares still fell over 6% in early trading, according to BeInCrypto, extending a pullback after a fivefold rally over the past year. Samsung expects revenue to rise 129% year over year to 171 trillion won, below forecasts of 173.3 trillion won. The company will release a full divisional breakdown on July 30.
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