Samsung Electronics Q2 profit down 55.9% on weak chip sales, U.S. tariffs

Samsung Electronics on Tuesday estimated its second-quarter operating profit at four-point-six trillion won, or around three-point-four billion U.S. dollars, citing sluggish chip sales and the fallout from U.S. tariffs.

The figure is down nearly fifty-six percent from a year earlier and over thirty-one percent from the previous quarter.

Q2 revenue stood at 53-point-8 billion dollars, down point-one percent on-year.

The tech giant attributed the decline to one-off costs in its memory business, including inventory valuation losses.

In the non-memory sector, sales were limited by export controls on advanced AI chips to China, leading to additional inventory provisions.

The final earnings report will be released later this month.