What They Say
Samsung released its earnings guidance for Q3 2022 and forecast that sales would be down slightly from 77,2 trillion won in Q2 to around 76 trillion. The sales should be up around 2.7% from last year. Profit will be down 23% from Q2 and nearly 32% from last year.
Analysts are saying that the main factor is a drop in demand for storage and memory semiconductors.
What We Think
We tend not to cover guidance but the change from last year is significant and highlights the way that the market is slowing down for a wide variety of applications. (BR)
Samsung’s share price has fallen a long way in the last year, but is back at a historic level
