Samsung SDI: Q2 2026 Turned Profitable Ahead of Schedule, AI Energy Storage and High-Power Batteries Accelerate Ramp-Up

English summary

# Q2 achieved profitability ahead of schedule, with earnings improvement exceeding original plans. In Q2 2026, the company achieved revenue of KRW 3.77 trillion (approximately RMB 17.9 billion), up 19% YoY and 5% QoQ; operating profit of KRW 203.8 billion (approximately RMB 970 million), turning profitable both YoY and QoQ, with an operating margin of 5.4%. Battery business revenue was KRW 3.52 trillion, operating profit KRW 159.3 billion; electronic materials revenue was KRW 249.8 billion, operating profit KRW 44.5 billion. Earnings improvement mainly benefited from ramp-up of high-value-added batteries, AMPC benefits from U.S. local production, and tariff rebates, and the company achieved profitability ahead of the original plan. # U.S. ESS orders are full, and a new LFP production line will start in October. AI data center and renewable energy investments drive rapid growth in U.S. utility energy storage demand; the company has orders covering most production capacity until 2029, and demand is expected to exceed existing capacity from 2028, and is evaluating further expansion. ...