Samsung reported Q2 2026 operating income of ₩89.49tn on revenue of ₩171.50tn, up 1,814% and 130% from a year earlier, with the chip division supplying 99.7% of group operating profit. The consumer-device division that makes Galaxy phones lost about ₩0.8tn as component costs rose — its first quarterly loss since it was formed.
Samsung's revised fair-disclosure filing of 30 July 2026 puts second-quarter revenue at ₩171.50tn (~$123bn at an approximate ₩1,400/$) and operating income at ₩89.49tn (~$64bn). Against the same quarter of 2025 — revenue ₩74.57tn — that is +130.0% on the top line and +1,813.8% on operating profit. Against Q1 2026 it is +28.1% and +56.4%.
Worth noting how the number arrived: Samsung revised these figures up from its 7 July preliminary release of ₩171.00tn and ₩89.40tn. Companies managing expectations downward into a print do not usually revise upward three weeks later.
The half-year figures on file here, from the DART half-year report, are the ones to hold onto. H1 2026 revenue ₩305.4tn against ₩153.7tn in H1 2025; H1 2026 operating income ₩146.7tn against ₩11.4tn. One half-year of 2026 produced 3.4x the operating profit of all of fiscal 2025 (₩43.6tn).
At the results briefing the CFO put the group operating margin at 52.2% and attributed 99.7% of group operating profit to Device Solutions, the chip division. DS revenue was ₩127.5tn with operating income of ₩89.2tn. DRAM and NAND both set record bit shipments.
The 0.3% residual is the interesting part. Device eXperience — Galaxy phones, televisions, appliances — posted an operating loss of about ₩0.8tn. The company's own explanation was that DX revenue grew year on year on premium and AI products, but that rising component costs compressed profitability.
Read that plainly: Samsung's phone business is being squeezed by the memory prices Samsung's chip business is charging. Press coverage of the briefing described it as DX's first quarterly loss since the division was created in 2021. This inverts the arrangement investors have relied on for a decade, in which handsets and appliances cushioned the group through memory downturns. That cushion is now a cost centre.
The DS capex line is the one with a delayed fuse. Spending ₩15.4tn a quarter starts a depreciation clock that lands in the P&L years later, typically after pricing has turned. Samsung has not disclosed when that step-up hits.
The second thing to watch is whether the DX squeeze widens. If memory stays tight, the division that sells finished goods keeps paying up for its own inputs.
Samsung does not break out HBM revenue, so the share of DS profit attributable to high-bandwidth memory rather than conventional DRAM does not appear in any filing reviewed here.
The ₩0.8tn DX loss and the ₩127.5tn / ₩89.2tn DS split come from the results briefing and press coverage of it, not from the fair-disclosure filing, which reports consolidated totals only. Samsung discloses record bit shipments but not blended average selling prices, so how much of this quarter is price and how much is volume cannot be determined from the disclosures.