Samsung Electronics reported a record operating profit of ₩89.5 trillion for the April-June period, boosted by AI-driven chip demand, while warning that memory chip shortages could persist into 2028.
Tether's Q2 report reveals an implied $4.21 billion financial loss, contrasting with $1.5 billion in operating profit, which nearly halved its equity cushion to $4.11 billion. This significant hit is largely attributed to markdowns in gold and Bitcoin holdings, raising questions about the stablecoin issuer's reserve stability.
Mercedes-Benz reported a 22% rise in Q2 operating profit to €1.55 billion, boosting shares by over 5%. However, the carmaker warned that continued weakness in the Chinese market would lead to slightly lower full-year car sales and revenue, revising previous forecasts. The company also announced plans to expand into the defense sector.
Tether reported a $1.5 billion net operating profit for Q2, a nearly 50% increase from Q1 2026, driven by increased USDT circulation and investments. The company expanded its reserve surplus to over $4 billion and added 14 metric tons of gold, boosting its market share to over 60% in a shrinking stablecoin market.
Stablecoin issuer Tether reported a $1.5 billion net operating profit in Q2, primarily from US Treasury holdings. The company maintained over 60% of the global stablecoin market, with its USDt supply increasing despite broader market contraction.
Porsche AG achieves a 34% increase in first-half operating profit to €1.35 billion, beating analyst projections, despite a 16.5% drop in vehicle deliveries and 5.1% revenue decrease, attributed to cost management and strategic product mix adjustments.
SK hynix to report record Q2 operating profit of 64.1 trillion won, driven by HBM market leadership and AI-driven semiconductor demand, with a 75-77% operating profit margin.
South Korean labor unions are escalating demands for profit-sharing and bonuses across various industries, following Samsung Electronics' concession of over $400,000 bonuses to some employees. Strikes and demands for significant operating profit allocations are spreading from chipmakers to automotive, heavy industries, telecom, and tech sectors, highlighting investor risks.
Samsung Electronics reported a record quarterly operating profit of 89.4 trillion won ($58.6 billion), driven by booming demand for AI memory chips. This surge has allowed Samsung to overtake Nvidia as the world's most profitable technology company, with revenue also reaching an all-time high.
Record chip profits for Samsung and SK Hynix did not prevent their shares from plunging, triggering market breakers. Single-stock leveraged ETFs, launched in May, are blamed for amplifying volatility by concentrating risk and accounting for a quarter of ETF turnover.
Samsung expects Q2 operating profit of 89.4tn won, 19x higher YoY, due to soaring AI chip demand. Despite record forecasts, shares fell 7% as the market had already priced in growth and investors question spending sustainability.
LG Electronics estimated a record-high second-quarter operating profit of 1.57 trillion won, a 146.9% jump from the previous year, driven by strong home appliance and TV sales. Revenue also hit a record 23.82 trillion won.
Singapore-based Carousell announced it achieved positive EBITDA for the first time, with revenue up 18% to S$141 million. Co-founder Marcus Tan highlighted user experience investments paying off, signaling a new phase of growth for the re-commerce business.
LG Energy Solution's operating profit dropped 77% in Q2 to 113.3 billion won due to sluggish EV sales in North America and suspended US joint venture operations. Excluding a US tax credit, the company posted an operating loss.
Samsung Electronics estimates Q2 operating profit at 89.4 trillion won ($58.8 billion), a record high driven by strong AI semiconductor demand. This figure, excluding provisions for employee bonuses, could reach 100 trillion won. The company anticipates continued favorable market conditions.
SK Group maintained its lead over Samsung Group in annual operating profit for 2025, reporting 50.19 trillion won, largely due to SK Hynix's strong performance amid an AI-driven semiconductor boom. Samsung Group, however, led in sales, net profit, and employment.
Babcock International's annual profits dropped nearly 20% due to a £140m charge on its Royal Navy Type 31 frigate contract. The company cited Brexit, Covid, rising material costs, and labor shortages as reasons for increased costs and a loss-making contract.
Crisil reports Indian airlines' operating profits may drop 10-15% this fiscal due to high ATF prices, airspace restrictions, and rupee depreciation amid the Middle East conflict, despite potential easing in fuel prices.
Tiger Brokers reported a Q1 operating profit of $47.6M and revenue of $154.9M, up 26.3%. Growth was fueled by Hong Kong trading, IPO subscriptions, and Singapore inflows, despite geopolitical and economic headwinds. The company faces penalties from China for offering unlicensed access to overseas stocks.
Anthropic projects more than doubling revenue to $10.9B in Q2 and achieving its first operating profit, according to the Wall Street Journal. However, high compute costs may impact full-year profitability.
South Korea's top companies saw operating profits surge 158.6% to $104 billion in Q1, with Samsung Electronics and SK hynix accounting for over 60% of the total.
State Bank of India reported a 6% rise in Q4 FY26 net profit to Rs 19,684 crore, driven by improved asset quality and lower bad loans. Despite this, total income saw a slight decline, and net interest margins compressed, leading to a drop in operating profit and a subsequent fall in SBI's stock price.
Samsung Electronics reported record first-quarter operating profit of 57.2 trillion Korean won, up over 750% year-over-year, driven by explosive demand for AI data center memory chips. The chip business accounted for over 90% of total earnings, with the DS division posting 53.7 trillion won in profit. Samsung expects server memory demand to remain strong into H2 as supply constraints persist, with customers bringing forward 2027 demand due to shortage concerns.
Samsung Electronics reported Q1 2026 operating profit of 57.2 trillion won, an over eight-fold increase year-over-year and a new record, beating analyst estimates. Revenue reached 133.9 trillion won. The record earnings were driven by AI server demand and memory chip shortages that boosted prices.
