BTC $79,113.42 -2.41%
ETH $2,275.05 -3.38%
BNB $703.30 -6.87%
XRP $1.25 -6.03%
SOL $97.05 -5.21%
TRX $0.3459 +5.02%
DOGE $0.0760 -4.69%
ADA $0.1926 -6.30%
BCH $277.57 -4.10%
LINK $10.90 -7.65%
HYPE $92.49 +14.16%
AAVE $124.37 -7.76%
SUI $0.8873 -6.01%
XLM $0.1642 -4.91%
ZEC $1,256.21 -3.95%
AAPL $351.05 +1.58%
AMZN $228.19 -9.63%
GOOGL $282.05 -3.52%
MSFT $529.57 -2.76%
META $620.72 +0.31%
NVDA $210.33 -1.67%
TSLA $398.10 -0.93%
SNDK $1,288.81 -6.00%
INTC $72.25 -22.61%
SPCX $141.00 -2.13%
MU $903.50 -6.15%
AMD $531.99 -6.12%
BTC $79,113.42 -2.41%
ETH $2,275.05 -3.38%
BNB $703.30 -6.87%
XRP $1.25 -6.03%
SOL $97.05 -5.21%
TRX $0.3459 +5.02%
DOGE $0.0760 -4.69%
ADA $0.1926 -6.30%
BCH $277.57 -4.10%
LINK $10.90 -7.65%
HYPE $92.49 +14.16%
AAVE $124.37 -7.76%
SUI $0.8873 -6.01%
XLM $0.1642 -4.91%
ZEC $1,256.21 -3.95%
AAPL $351.05 +1.58%
AMZN $228.19 -9.63%
GOOGL $282.05 -3.52%
MSFT $529.57 -2.76%
META $620.72 +0.31%
NVDA $210.33 -1.67%
TSLA $398.10 -0.93%
SNDK $1,288.81 -6.00%
INTC $72.25 -22.61%
SPCX $141.00 -2.13%
MU $903.50 -6.15%
AMD $531.99 -6.12%

sun

All
Article
Flash

Samsung's Q3 net profit of 75.2 trillion won fell short of expectations, and it will distribute a dividend of 30 trillion won

Samsung Electronics announced its official financial report for the third quarter of 2026. The company's revenue for the quarter reached 195.3 trillion Korean won, slightly higher than the previously announced preliminary data, with an operating profit of 107.4 trillion Korean won for the third quarter. The net profit for the quarter was 75.2 trillion Korean won, falling short of market expectations of 83.6 trillion Korean won. Following the release of the financial report, Samsung Electronics' stock price briefly fell, then slightly rebounded, currently up 0.2%.The semiconductor business remains the main source of performance. The operating profit of the chip division for the third quarter was 106.5 trillion Korean won, with significant growth in the foundry business revenue. The company expects double-digit growth in this business's revenue in the fourth quarter. The display business recorded an operating profit of 1.1 trillion Korean won, while the mobile division reported an operating loss of 600 billion Korean won in the third quarter.Samsung Electronics announced that it will distribute a dividend of 4,601 Korean won per share for the third quarter, with a total dividend payout of 30 trillion Korean won. Management expects demand for memory chips to continue to expand in the fourth quarter and stated that the chip supply shortage situation will further worsen next year.

first_img Samsung's operating profit for the third quarter was 107.4 trillion won, SK Hynix announced its financial report on Wednesday

According to the "Science and Technology Innovation Board Daily," South Korean memory chip companies SK Hynix and Samsung Electronics will announce their performance for the third quarter of 2026 this week, with SK Hynix set to release on Wednesday and Samsung Electronics on Thursday. The report states that with the rising demand for AI chips and increasing prices for memory chips, both companies are expected to deliver strong results, with a combined operating profit for the third quarter projected to reach 184.4 trillion won, approximately 139.1 billion dollars.Samsung Electronics' preliminary results released on October 8 show that third-quarter revenue increased by 127% year-on-year, reaching 195 trillion won; operating profit was 107.4 trillion won, approximately 80.17 billion dollars, compared to 12.17 trillion won in the same period last year, an increase of nearly 8 times. Analysts surveyed by FnGuide expect SK Hynix's third-quarter revenue to be 98.2 trillion won, with operating profit at 77 trillion won. In 2025, Samsung and SK Hynix's operating profits are projected to be 43.6 trillion won and 47.2 trillion won, respectively, totaling 90.8 trillion won. If these predictions come true, Samsung will become the first South Korean company to exceed 100 trillion won in quarterly operating profit.As of the market close on October 23, the stock prices of Samsung and SK Hynix have fallen by 36% and 52%, respectively, since the end of June. The report indicates that investors view the impressive financial reports as expected, with focus areas including HBM4 supply, long-term agreements, and shareholder returns. TrendForce predicts that the average selling price of HBM will increase by 121% next year compared to this year, and the production capacity of Samsung and SK Hynix for next year is already sold out. In the second-quarter financial report, Samsung disclosed long-term agreements with five data center customers, while SK Hynix finalized multi-year contracts with over ten customers. Samsung announced a shareholder return plan of 90 trillion to 110 trillion won this year and will determine a cash dividend of about 30 trillion won for the third quarter by the end of this month. SK Hynix announced a 40 trillion won buyback plan in August and halted the evaluation for Solidigm's IPO. Kim Dong-won, head of KB Securities, stated that despite the significant stock price correction, the profit expectations for both companies have been raised, and the key catalyst for stock revaluation is expected to be the sustainability of profit growth and whether shareholder returns can be further increased.

Sun Yuchen responds to the lawsuit against WLFI: Business is business, and it does not affect the positive outlook on U.S. technology and cryptocurrency policies

Recently, Sun Yuchen discussed his lawsuit against the Trump family's cryptocurrency project WLFI in a conversation with Jin Ming. He clearly stated that he remains firmly supportive of President Trump's cryptocurrency policy and AI strategy, believing it to be very successful.The reason for suing World Liberty Financial is entirely a normal action for commercial investors to protect their rights. The cause stems from the project's lack of investment transparency and insufficient information disclosure, even involving allegations of fraud. The case has been formally submitted to the federal court in California and is to be decided by a federal judge, which fully complies with the operation of the rule of law in the United States.Sun Yuchen further clarified that this lawsuit will not affect his judgment of the macro trends in the United States. He continues to hold a significant position in U.S. technology stocks and is optimistic about TRX being approved for a spot ETF in the U.S., the on-chain business of U.S. stocks, as well as expectations for a stronger dollar and the continued strength of the AI industry.Sun Yuchen believes that public opinion has exaggerated and complicated this lawsuit; in fact, it is simply a "business-to-business" lawsuit. Even if the agreement's subject matter involves 400 to 500 million dollars, it does not significantly impact his overall asset portfolio.Sun Yuchen also stated that he invests with the patience of an old hunter. Once he is thoroughly optimistic and makes a significant decision, he will invest at least 4 to 5 billion dollars or more in a single transaction.
app_icon
ChainCatcher Building the Web3 world with innovations.