SEOUL, July 08 (AJP) - Samsung Electronics forecast a steep decline in its second-quarter operating profit, highlighting persistent challenges in the global tech industry despite signs of recovery in the semiconductor sector.
The South Korean tech giant on Tuesday said it expects an operating profit of 4.6 trillion won, or approximately $3.5 billion, for the April to June period — down 55.9 percent from a year earlier.
Revenue is projected to total 74 trillion won, a marginal 0.09 percent decline from the same quarter in 2024.
The earnings guidance, released ahead of final audited results, also reflected a quarterly slowdown.
Operating profit dropped 31.2 percent from the previous quarter, while revenue slid 6.5 percent, according to preliminary figures based on Korean International Financial Reporting Standards.
The company attributed the figures to investor disclosure obligations, noting that the estimates are subject to change following external audits of its headquarters and affiliated entities.
Samsung, which began offering quarterly guidance in 2009, emphasized its continued commitment to transparency and global accounting standards by adopting IFRS in 2010.
Samsung said it plans to hold a conference call to discuss the final earnings later this month, where executives are expected to field questions from shareholders and analysts about the company’s performance, ongoing industry pressures, and future outlook.
reporter
Candice Kim
candicekim1121@ajupress.com
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