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Samsung Electronics logo in front of the company's store in Seoul, South Korea. Photo: Reuters . |
Samsung Electronics' second-quarter operating profit is expected to fall 39 percent from a year earlier, analysts said, citing a drop in AI chip sales and delays in memory chip orders to Nvidia.
Estimates from LSEG SmartEStimate show that Samsung Electronics' second-quarter profit is expected to reach $4.62 billion , the lowest in the last six quarters. The company is expected to announce its second-quarter financial report on July 8.
According to Reuters , Samsung Electronics' recent weak financial situation has made investors worried about its ability to compete with smaller rivals, especially in the field of high-bandwidth memory (HBM), which is commonly used in AI data centers.
Some major rivals such as SK Hynix and Micron benefited from increased demand for AI memory chips, while Samsung's were profits held back by its dependence on China, a market restricted from selling advanced chips due to the US ban.
Analysts say the certification process from Nvidia for Samsung's latest HBM chips has also been slow, putting the company at a disadvantage compared to its rivals.
“HBM chip sales are expected to remain flat in the second quarter as restrictions in China persist, while Samsung has yet to supply 12-layer HBM3E chips to Nvidia,” said Ryu Young-ho, an analyst at NH Investment & Securities.
Speaking further about the business situation, Ryu said that chip sales by Samsung to Nvidia this year will not be high.
Samsung declined to comment on whether its 12-layer HBM3E chips will be certified by Nvidia. In March, the South Korean company said it expected to make “significant progress” on its next-generation HBM chips as early as early June. Samsung has already supplied the chips to AMD.
Analysts say Samsung's smartphone sales are likely to remain stable. The main reason comes from the need to import large quantities of goods from distributors to stock up in case the US imposes tariffs on smartphones.
Samsung Electronics' core businesses such as chips, smartphones, and home appliances still face uncertainty due to many US trade policies, including President Donald Trump's proposal to impose a 25% tax on smartphones not produced in the US, as well as the deadline for reciprocal tax deferrals with many countries that is about to expire (July 9).
According to Reuters , the US is also considering revoking licensed licenses to global chip companies, including Samsung. If this happens, the company will find it very difficult to receive new US technology to produce chips in China.
Samsung shares have also been the worst performers among major memory chipmakers. Samsung Electronics shares have gained just 19% so far this year, lagging the benchmark KOSPI index's 27.3% gain.
Source: https://znews.vn/samsung-don-tin-du-truoc-ngay-quan-trong-post1566666.html
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