For Q2 in Memory, Samsung (SSNLF) states the company: Proactively addressed server demand by expanding HBM3E sales, as well as portion of high-density DDR5 products; Says NAND inventory reduced significantly via server SSD sales expansion as a result of the prompt resumption of delayed datacenter projects; Says earnings impacted by one-off costs such as inventory value adjustments, etc.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSNLF: