With Samsung Electronics delivering a second-quarter earnings surprise, the securities industry on the 8th projected that Samsung Electronics will post operating profit of 110 trillion to 127 trillion won in the third quarter. As for the stock, which recently underwent a correction, they saw a high chance it will rise again after a short-term pullback.
On the 7th, Samsung Electronics announced preliminary consolidation results for the second quarter of this year of 171 trillion won in revenue and 89.4 trillion won in operating profit.
Song Myeong-seop, an iM Securities analyst, said, "These results far exceeded not only iM Securities' previous forecast but also market expectations," adding, "In particular, the memory institutional sector appears to have led companywide profit with 91.4 trillion won in operating profit."
The securities industry projected that Samsung Electronics will continue record-setting results in the third quarter. iM Securities forecast third-quarter operating profit of 126.7 trillion won. Hyundai Motor Securities expected 204 trillion won in revenue and 110 trillion won in operating profit.
Noh Geun-chang, a Hyundai Motor Securities analyst, said, "In particular, if demand for Nvidia's Rubin and Vera central processing units (CPU) increases simultaneously, prices of other DRAM products could also strengthen due to increased demand for sixth-generation high bandwidth memory (HBM4) and SOCAMM2," adding, "Considering HBM4 price increases, the blended average selling price (ASP) rise will likely be better than expected."
He also projected that as demand for agentic artificial intelligence (AI) increases through 2028, bottlenecks in the memory semiconductor industry will persist.
Noh said, "For Nvidia's Rubin Ultra, given that HBM content increases fourfold compared with Rubin, once that accelerator is launched, there needs to be room for the possibility that supply shortages will intensify again in the first half of 2028."
As for the recent stock correction, analysis indicated a high likelihood of a rebound after a short-term pullback.
Son In-jun, an Eugene Investment & Securities analyst, said major big tech companies still are not giving up the race to develop frontier models, and projected, "Stock prices in the memory sector will overcome concerns and rise again."
Noh said, "The only headwind for Samsung Electronics is that it has earned a lot and its stock has risen a lot," adding, "As the great shift to the age of AI transformation (AX) gains full steam, the current situation is expected to continue."
Song said, "On the day of the preliminary results announcement, Samsung Electronics' stock fell due to the exhaustion of the earnings-surprise catalyst and concerns about a launch delay," but analyzed, "However, with upward revisions to this year's market estimates and valuation multiples, there is a high possibility of a rebound after a short-term correction."