SSNLF·Memory semiconductors (DRAM/NAND/HBM), logic foundry, smartphones/displays

Samsung Electronics

ConvictionModerate

Vertically integrated IDM: designs + fabricates + sells memory and logic chips (Device Solutions), plus consumer devices (Device eXperience), displays (Samsung Display), and Harman audio/auto; cyclical commodity-memory pricing is the dominant earnings swing factor.

Revenue

TTM ~$255BKRW ~333.6T FY25; Q1 FY26 KRW 133.9T, +43% q/q all-time high

Rev growth

FY25 ~ +9% y/yQ1 FY26 +43% q/q (memory ASP +~146% vs FY25 avg

Gross margin

not disclosed at group level for Q1 FY26memory gross margin estimated very high given ASP surge

Op margin

~43%in Q1 FY26 (OP KRW 57.2T on revenue KRW 133.9T) — vs low-teens in FY25

Capex intensity

Very high — ~KRW110T$73.2B) semiconductor capex+R&D budgeted for 2026, +128% vs FY25's KRW47.5T; largest single-year semiconductor investment ever

Market cap

~$1.4TKRW ~2,070-2,290T; Jun 2026 — highly volatile, briefly crossed by SK Hynix on 22 Jun 2026 before a ~12% KOSPI selloff on 23 Jun

Price · 1-year trend

real · weekly

$65+61% 1yUSD

52-week range

$41 – $65

52w lowas of 2026-06-26 · Yahoo Finance52w high

Across the boards

The thesis on this name

comp

Memory Super-Cycle

Full context

The read

Where our coverage leans

Coverage leans bullish

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Full financial intelligence for Samsung Electronics

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence