[Edaily Reporter kyoungeun kim ] Despite the recent stock price correction, securities firms continue to raise their earnings forecasts for SamsungElectronics(005930).
Song Myeong-seop, an analyst at iM Securities, stated in a report released today, “Although a short-term stock price correction is occurring following the recent sharp rise, we believe the company’s medium-term upward trend remains valid, as favorable industry conditions and earnings continue, and the year-over-year growth rate of global liquidity is expected to resume in the second half of the year.”
He said, “We are revising our operating profit forecast for SamsungElectronics’ second quarter of this year upward from the previous 76.1 trillion won to 80 trillion won,” adding, “We have also raised our operating profit forecast for fiscal year 2026 from the previous 340 trillion won to 360 trillion won.” This adjustment is attributed to the expected acceleration in the rise of average selling prices (ASPs) for DRAM and NAND in the second and third quarters.
The firm estimated that average selling prices for DRAM rose by more than 40% in the second quarter, while those for NAND rose by the mid-60% range. It judged that there is a high likelihood of further increases of approximately 15–20% for each in the third quarter.
In addition, the non-memory segment is expected to have seen a slight reduction in its operating loss due to improved performance in the foundry business.
However, the report highlighted a risk factor, noting, “If geopolitical issues such as the war in Iran resurface and become protracted, stagflation could occur. Consequently, due to high interest rates, reduced liquidity, and an economic downturn, investment in artificial intelligence (AI) and the memory semiconductor market would also slow down, making downward revisions to valuation multiples and target stock prices inevitable.”