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Silicon Motion Reports Fiscal 2Q26 Financial Results
Samsung Electronics reported record quarterly revenue of KRW 171.5 trillion (QoQ +28%) and operating profit of KRW 89.5 trillion, driven by AI memory demand and server-focused product mix. The Device Solutions (DS) Division posted KRW 127.5 trillion revenue and KRW 89.2 trillion operating profit, with the Memory Business hitting all-time highs for revenue and profit. Server revenue achieved a record-high sales mix share, while HBM4E samples shipped to major customers marked industry-first technology leadership. The System LSI Business sustained revenue through high-volume mobile SoCs and image sensors, securing orders for next-generation flagship SoCs. Foundry earnings improved significantly, driven by HBM base-die demand and US customer orders, with 2nm HPC engagements expanding. Samsung Display Corporation (SDC) posted KRW 7.5 trillion revenue and KRW 0.7 trillion operating profit, benefiting from high-end mobile OLED and gaming monitor growth. The MX Business reported KRW 33.2 trillion revenue but an operating loss due to component cost pressures, despite solid Galaxy S26 and A series sales. The VD and DA Businesses posted KRW 14.5 trillion revenue with a slight operating loss, while VD revenue grew YoY from major sporting event demand. Harman posted improved earnings from automotive segment and portable audio sales. Looking ahead, Samsung expects robust H2 2026 server demand from AI infrastructure capex and agentic AI adoption, keeping memory undersupplied despite mobile/PC moderation. Plans include scaling HBM4, DDR5, SOCAMM2, PCIe Gen6, and UFS 5.0 solutions. Foundry targets double-digit revenue growth by ramping 2nm mobile products and 4nm LPU/base-die production. SDC will focus on premium smartphone OLED and 8.6G IT OLED line expansion. MX aims to strengthen AI leadership with Galaxy Z8/S26 series and Intelligent Eyewear launch. VD will lead AI TV market with Vision AI, while DA pursues AI-based product sales and channel diversification.