Samsung Heavy Industries continued its performance improvement in the second quarter of 2026, driven by an expansion in high-value shipbuilding.
On July 24, Samsung Heavy Industries announced its preliminary results for the second quarter, reporting sales of 3.23 trillion won and an operating profit of 325 billion won. The second quarter sales increased by 20% compared to the same period last year (2.68 trillion won), while operating profit rose by 59%.
For the first half of the year, the company reported sales of 6.13 trillion won and an operating profit of 598.1 billion won, marking increases of 19% and 82%, respectively, compared to the first half of last year. Given this sales growth, the company expects to comfortably achieve its annual sales target of 12.8 trillion won set at the beginning of the year.
This year’s order performance is also noteworthy. From January to July, new orders reached $10 billion, achieving 98% of the annual target in the shipbuilding sector, primarily focused on liquefied natural gas (LNG) carriers. The offshore sector is also in discussions for orders related to the Delfin (No. 2) and Western FLNG projects, raising expectations for meeting the annual order target of $13.9 billion.
A representative from Samsung Heavy Industries stated, "In the second half of the year, we will enhance productivity and profitability by utilizing 3X (DX, AX, RX) and aim to achieve visible results in various U.S. projects, including the recently highlighted floating data centers (FDC)."
* This article has been translated by AI.
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