Shinyoung Securities analyzed on the 16th that Samsung Electro-Mechanics' performance in the second quarter of this year likely met market expectations.
Choi Jun-won, a researcher at Shinyoung Securities, stated, "On a consolidated basis in the second quarter, sales are expected to have reached 2.3694 trillion KRW, and operating profit 201.4 billion KRW," adding, "Sales increased by 7% compared to the same period last year, while operating profit likely decreased by 2%."
He continued, "Both sales and operating profit likely increased year-on-year due to the rise in demand for high-capacity, high-performance mobile MLCCs driven by increased artificial intelligence (AI) activities, and the expansion of automotive electronics leading to higher demand for automotive MLCCs."
He expressed optimism about growth driven by the mid- to long-term increase in global AI activities, saying, "In the case of MLCCs, the amount installed in IT devices is expected to increase by 10-20% compared to before due to the impact of increased AI activities." Furthermore, he emphasized, "We expect improved profitability in the package solution division through increased shipments of substrates for high-value-added AI servers."
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