Samsung provides subpar forecast for third quarter performance.

• Samsung Electronics reported that it anticipates lower-than-predicted earnings for the third quarter on Tuesday.
• The world's top memory chip manufacturer forecasts that its operating profit will be approximately 9.10 trillion won in the upcoming quarter, representing a significant increase from the previous year's 2.43 trillion won.
• According to a survey conducted by LSEG, analysts predicted an operating profit of 11.456 trillion Korean won ($7.7 billion) for the quarter ending September 30.

Samsung Electronics anticipates lower-than-anticipated earnings for the third quarter, according to the company.

The world's leading memory chip manufacturer announced that it expects its operating profit for the quarter ending September to be approximately 9.10 trillion won, representing a significant increase from the 2.43 trillion Korean won recorded in the previous year.

According to LSEG estimates, Samsung's revenue for the quarter ended Sept. 30 was expected to be 81.96 trillion won ($61 billion), while analysts polled by LSEG predicted an operating profit of 11.456 trillion Korean won ($7.7 billion) for the same period.

Samsung is the top producer of memory chips, used in devices such as laptops and servers, and is also the world's second biggest smartphone market player.

Macquarie Equity Research analysts advised that the company should maintain flexibility in its memory supply control because the decline of conventional DRAM may negatively impact Samsung more than its smaller competitors. DRAM stands for dynamic random access memory chips commonly used in laptops, workstations, and PCs.

According to Reuters, Samsung instructed its subsidiaries worldwide to reduce staff by 30% in certain divisions, as reported in September based on information from two sources.

The stock price of Samsung Electronics in South Korea's stock market has decreased by 22% year-to-date, according to LSEG data. Samsung Electronics will release its detailed third-quarter results later this month.