On the 7th, Samsung Electronics announced preliminary second-quarter results that beat market expectations, but the stock is weaker.
As of 9:27 a.m. on the 7th, Samsung Electronics is trading at 299,750 won on the Korea Exchange, down 18,250 won (5.74%) from the previous session. After declining in the premarket, Samsung Electronics is deepening its intraday losses.
Samsung Electronics said its operating profit on a consolidation basis for the second quarter of this year was 8.94 trillion won, up 1,810.3% from a year earlier. Revenue was 17.1 trillion won, up 129.3% from a year earlier.
This exceeds the operating profit consensus of 84.8817 trillion won estimated by FnGuide, a financial data provider. It also surpasses the $53.5 billion (81.8817 trillion won) in operating profit that Nvidia recorded in the first quarter of fiscal year 2027 (Feb.–Apr. 2026), setting a new quarterly operating profit record among global tech companies.
Still, despite the strong results, the stock is lower on the day. The decline appears to reflect profit-taking following the earnings release.