Samsung's Q3 financial results: Net profit of 75.2 trillion won missed expectations, and the company will distribute 30 trillion won in dividends.
1 hours ago
South Korea-listed Samsung Electronics released its official third-quarter 2026 financial results today. Figures show the company recorded 195.3 trillion won in revenue for the quarter, slightly higher than the preliminary figures previously announced; operating profit for Q3 stood at 107.4 trillion won. However, net profit for the quarter came in at 75.2 trillion won, missing the market consensus estimate of 83.6 trillion won. Following the earnings release, Samsung Electronics’ stock price dipped briefly before recovering slightly, and is now up 0.2%. By business segment, the semiconductor division remains the company’s core performance driver. The chip division posted an operating profit of 106.5 trillion won in Q3, accounting for nearly all of the company’s total profit. Among its segments, foundry business revenue saw sharp growth, with the company forecasting double-digit revenue growth for the segment in Q4. In addition, the display business maintained steady profitability, logging an operating profit of 1.1 trillion won. In contrast, the mobile division underperformed, posting an operating loss of 600 billion won in Q3. On the shareholder return front, Samsung Electronics announced a dividend of 4,601 won per share for Q3, with total dividend payouts reaching 30 trillion won. Looking ahead, Samsung’s management is optimistic about the semiconductor market, forecasting continued expansion in demand for memory chips in Q4, and warning that chip supply shortages will worsen next year.
Ethereum OG Dumps 2,119 $ETH ($4.99M) to Coinbase After 3 Years of Inactivity
14 minutes ago
South Korean crypto exchange Prabang was hacked, losing approximately 100 million won. The platform has suspended services and promised full compensation.
14 minutes ago
Samsung: Chip supply crunch expected to persist until 2028.
14 minutes ago
After lying dormant for three years, an Ethereum OG wallet has deposited 2,119 ETH into Coinbase.
14 minutes ago
Over the past 24 hours, $330 million in liquidations have occurred across the network, with both long and short positions being liquidated.
14 minutes ago
Allium disclosed a security incident: some of its systems were subject to unauthorized access, and its core platform has been restored.
14 minutes ago
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