Samsung posts record Q2 profit; shares fall nearly 7 percent

Samsung Electronics reported operating profit of 89.4 trillion won for the second quarter, nearly 20 times the 4.7 trillion won posted a year earlier and exceeding the combined total for 2024 and 2025. Revenue rose 129 percent to 171 trillion won, or roughly $112 billion. The results beat analyst estimates of 87.3 trillion won for revenue.

Operating profit reached approximately $58 billion, an increase of about 1,800 percent from the same quarter last year. The gains reflected a global buildout of artificial intelligence data centers and a shortage of memory chips. Shares of Samsung fell as much as 10.1 percent in Seoul trading before closing down 6.9 percent, erasing more than $80 billion in market value.

The stock remains up more than 100 percent for the year to date. The company recorded provisions for worker bonuses tied to the stronger chip prices. DRAM and NAND memory prices rose sharply from the prior quarter.