7/105 sources · 4 publishersUpdated Oct 29, 18:04 UTC
Samsung earnings miss triggers declines in Micron, SanDisk and SK Hynix shares
Samsung Electronics reported fourth‑quarter net profit of 75.136 trillion won, well below the FactSet consensus estimate of 86.13 trillion won. Revenue doubled to a record 195.253 trillion won, but still fell short of analysts' expectations. The earnings shortfall pressured other memory‑chip makers, with Micron Technology, SanDisk and SK Hynix all posting pre‑market losses.
Why it matters
The miss raises doubts about the pace of AI‑driven memory demand, prompting investors to sell peer stocks and potentially dampening sector momentum. The decline in Samsung’s share price also amplified the sell‑off across the memory market.
Key facts
- 1Samsung Electronics reported fourth‑quarter net profit of 75.136 trillion won. finance.yahoo.com
- 2Analysts had expected net profit of 86.13 trillion won. finance.yahoo.com
- 3Samsung’s revenue rose to 195.253 trillion won. finance.yahoo.com
- 4Micron Technology shares fell 2.6% in pre‑market trading. finance.yahoo.com
- 5SanDisk shares fell 2.6% in pre‑market trading. finance.yahoo.com
- 6SK Hynix shares dropped 1.9% in pre‑market trading. finance.yahoo.com
Open questions
- Micron’s percentage decline is reported as 2.6% and 3.5%.
- SK Hynix’s percentage decline is reported as 1.9% and about 1%.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.