Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix
Samsung Electronics reported an operating profit of Won3.9tn from its chip division in the third quarter, falling far short of analyst estimates and behind its South Korean rival SK Hynix, as the world’s biggest memory-chip maker failed to take full advantage of the artificial intelligence boom. Operating profit in the July-to-September quarter was much lower than the Won6.7tn estimate of analysts polled by Bloomberg and the Won6.45tn profit reported in the preceding quarter.
“Samsung remains optimistic about the HBM outlook, but it won’t be easy to pass the qualification test and increase HBM yields,” said an analyst at a foreign brokerage, referring to Samsung being able to produce more of the chips without flaws. “It is too early to talk about Samsung regaining HBM competitiveness,” the analyst added. “Some of its key memory executives will likely be replaced for the weak performance.
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