[Concall] Samsung Electronics "Memory Performed Well, but Q2 Was Challenging"

[Asia Economy Reporter Yoo Hyun-seok] Samsung Electronics stated that the memory semiconductor bit growth (shipment increase rate converted to bit units) fell short of initial expectations, explaining that "the market in the second quarter was not easy."

On the 28th, during the second-quarter earnings conference call, Samsung Electronics said, "Second-quarter memory sales and profits grew compared to the same period last year and the previous quarter due to favorable prices and exchange rate effects," but added, "However, the second-quarter market environment was challenging. The server sector, which had shown steady performance, was not bad, but consumer products were hit by raw material prices and uncertain macroeconomic issues."

They further explained, "Mobile demand was weaker than expected, causing both DRAM and NAND to fall below the forecasts made last quarter. The impact was particularly noticeable in NAND flash, which has a higher consumer proportion than DRAM." Samsung Electronics reported that second-quarter DRAM bit growth decreased to the mid-single digits compared to the first quarter, while NAND flash declined to the high single digits.

They added, "There are risks in the second half, so we plan to respond flexibly while monitoring the market."

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