Samsung Electronics Q2 2026 Full Results: Record KRW 89.5T Profit, MX Posts First Quarterly Loss Since 2011
TL;DR - Samsung confirmed KRW 171.5T in Q2 2026 revenue (+130% YoY) and KRW 89.5T in operating profit (+1,817% YoY) -- both all-time records - The DS (semiconductor) division drove virtually all earnings: KRW 127.5T revenue, KRW 89.2T OP, 70.0% margin - MX (smartphones) posted a KRW 700B operating loss -- its first quarterly deficit since 2011, when Samsung first began reporting segment-level data - HBM4 will exceed 60% of total HBM revenue in H2 2026; Q3 HBM4 revenue expected to more than triple QoQ - Shares fell 6.9% on results day despite the record beat; stock trades approximately 32% below analyst consensus target of KRW 468,076
Part A -- Q2 2026 Financial Results
Samsung Electronics (005930.KS) released its full Q2 2026 results on July 30, confirming figures that surpassed the preliminary operating profit estimate of KRW 89.4 trillion disclosed earlier this month.
Consolidated Results
| Metric | Q2 2026 | Q2 2025 | YoY Change |
|---|---|---|---|
| Revenue | KRW 171.5T | KRW 74.6T | +130% |
| Operating Profit | KRW 89.5T | KRW 4.67T | +1,817% |
| Operating Margin | 52.2% | 6.3% | +45.9 pp |
Revenue was also up 28% quarter-on-quarter. Operating profit exceeded analyst consensus of approximately KRW 87.3 trillion.
