Samsung to Announce Q2 Preliminary Earnings Tomorrow: Profits Expected to Surge 18-Fold, Executives Boast 'One Year's Profits Equal 40 Years'

BlockBeats News, July 6 - Samsung Electronics will announce its preliminary results for the second quarter of 2026 on July 7, while SK Hynix will list its ADR on the Nasdaq on July 10. Key events from South Korea's two semiconductor giants are coming to a head, and the market is closely watching the realization of industry conditions and AI chip demand on earnings. According to a summary of 30 analysts' forecasts from the London Stock Exchange Group (LSEG), Samsung Electronics' second-quarter operating profit is expected to be around 86 trillion won (approximately $56.3 billion), with some brokerages forecasting as high as 90 trillion won, representing a year-on-year increase of approximately 17 to 18 times, potentially marking the best quarterly performance in recent years.

Ahead of the preliminary earnings release, Samsung Electronics' management has already signaled positive momentum. At an internal all-hands meeting on July 3, Kim Yong-kwan, President and Head of Business Strategy for Samsung Electronics' Device Solutions (DS) division, stated that the company's full-year 2026 operating profit is expected to meet market consensus expectations. Currently, the market generally expects Samsung Electronics' full-year operating profit to be around 300 trillion won (approximately $200 billion), with AI servers, high-bandwidth memory (HBM), and improvements in the foundry business seen as key growth drivers.

Kim Yong-kwan also said, "This year's profit will exceed the cumulative profit from our semiconductor business over the past 40 years combined." Industry insiders believe this is a rare proactive positive statement from Samsung Electronics' management regarding the full-year earnings outlook before the official release of results, reflecting the company's strong confidence in the AI-driven semiconductor business recovery and full-year earnings growth. With the upcoming release of Samsung's earnings and SK Hynix's ADR listing, the South Korean semiconductor sector will face its most important market observation window in the near term.