South Korea · Delayed Price · Currency is KRW Samsung SDI Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw a return to profitability with revenue up 19% YOY, driven by strong ESS, UPS, and battery sales, as well as robust electronic materials performance. Outlook for H2 remains positive, with continued growth expected in ESS, small batteries, and semiconductor materials.
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Q1 2026 revenue rose 12.6% year-over-year but fell 7.3% sequentially, with losses narrowing and net income at KRW 56 billion. Battery and electronic materials segments saw strong YoY growth, and a return to profitability is targeted for the second half of 2026.
Fiscal Year 2025
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Q4 2025 saw revenue growth but continued operating losses, with annual results reflecting a challenging EV battery market and strong ESS and electronic materials performance. 2026 guidance anticipates sequential improvement, especially in ESS, and a focus on cost efficiency and technology investments.
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Q3 2025 saw revenue decline and an operating loss, but net income was positive due to a one-time gain. Battery business struggled with weak EV demand, while electronic materials and ESS segments showed growth potential. Capital allocation is focused on optimizing investments and leveraging recent asset sales.
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Q2 2025 saw a sequential revenue increase but continued losses due to weak EV battery demand and tariff impacts. Management expects a gradual recovery, with a return to profit in Q4, driven by small battery and electronic materials growth.
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Q1 2025 saw revenue drop 34% YoY and an operating loss, mainly from weak battery demand and tariff risks. ESS and Electronic Materials segments showed resilience, with ESS targeting over 20% annual growth and new investments supporting long-term expansion.
Fiscal Year 2024
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Q4 2024 saw a sharp revenue and profit decline due to weak demand and one-off costs, but ESS battery sales hit a record high. The company expects gradual recovery from Q2 2025, with reduced CAPEX and a focus on technology and efficiency. No dividends are planned through 2027.
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Q3 2024 saw revenue and profit declines due to weak battery demand and discontinued operations, but ESS and OLED materials segments showed growth. Strategic JVs, new product launches, and regulatory tailwinds are expected to drive recovery and long-term growth.
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Q2 2024 saw revenue and profit declines year-over-year due to weak EV demand, but profitability improved sequentially. ESS and electronic materials segments showed resilience, and investments in next-gen batteries and capacity expansion continue, with long-term growth prospects intact.