Samsung Electronics' second-quarter performance has undergone a notable decline, with preliminary figures revealing a year-on-year drop of 56% in operating profit, amounting to KRW 4.6 trillion (approximately $3.3 billion). This substantial decrease significantly surpasses analysts' projections of a 41% decline, marking the first profit drop since the first quarter of 2023. Despite revenues reaching KRW 74 trillion, the company faced significant cost pressures stemming from inventory backlogs, which severely impacted its financial results. The comprehensive financial report, including net profit figures and detailed data for each business segment, will be released later this month.