Solum (248070) Q2 2026 earnings summary

Executive summary

• Operates globally in electronic components and ICT, with 35 consolidated subsidiaries and a diversified product portfolio including power modules, 3IN1 boards, ESL, and IoT solutions.

• 2026 H1 revenue was KRW 970.1 billion, with operating income of KRW 43.5 billion and net income of KRW 10.1 billion, reflecting a year-over-year decline in profitability.

• Major customer Samsung Electronics and affiliates accounted for 43% of H1 revenue.

• Significant investments in R&D and global production capacity, with ongoing expansion in new markets and product lines.

Financial highlights

• H1 2026 revenue: KRW 970.1 billion (down from KRW 1,700.2 billion in H1 2025).

• Operating income: KRW 43.5 billion (down from KRW 46.5 billion in H1 2025).

• Net income: KRW 10.1 billion (down from KRW 14.2 billion in H1 2025).

• Gross margin: 18.6% in H1 2026 (down from 20.2% in H1 2025).

• Basic EPS: KRW 195 (down from KRW 281 in H1 2025).

• Cash and cash equivalents at period end: KRW 132.0 billion.

Outlook and guidance

• Focus on expanding ESL and digital signage solutions, leveraging in-house test-bed for new retail technologies.

• Continued investment in R&D and global production to support growth in high-value applications (AI, EV, data centers).

• Management expects ongoing market volatility but aims for long-term growth through product mix optimization and global expansion.