{"id":64333,"date":"2026-07-06T19:38:17","date_gmt":"2026-07-06T23:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/samsung-shatters-records-with-1810-profit-surge-maritime-tension-rises-in-gulf-of-oman\/64333\/"},"modified":"2026-07-06T19:38:17","modified_gmt":"2026-07-06T23:38:17","slug":"samsung-shatters-records-with-1810-profit-surge-maritime-tension-rises-in-gulf-of-oman","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/samsung-shatters-records-with-1810-profit-surge-maritime-tension-rises-in-gulf-of-oman\/64333\/","title":{"rendered":"Samsung Shatters Records with 1,810% Profit Surge; Maritime Tension Rises in Gulf of Oman"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Samsung Electronics (<a href=\"\/stock\/005930\">005930<\/a>)<\/strong> reported a staggering <strong>1,810% surge<\/strong> in Q2 operating profit to <strong>89.4 trillion won ($58.4 billion)<\/strong>, fueled by relentless AI-driven demand for memory chips.<\/li>\n<li>A commercial tanker was struck by an <strong>unknown projectile<\/strong> near <strong>Limah, Oman<\/strong>, sparking a fire on the port side; no casualties or environmental damage have been reported.<\/li>\n<li>Germany\u2019s <strong>Thyssenkrupp Marine Systems (TKMS)<\/strong> secured Canada\u2019s <strong>60 trillion won ($39.1 billion)<\/strong> submarine contract, defeating a high-profile South Korean consortium.<\/li>\n<li>The Canadian decision emphasizes <strong>NATO interoperability<\/strong>, dealing a strategic blow to <strong>Hanwha Ocean (<a href=\"\/stock\/042660\">042660<\/a>)<\/strong> and <strong>HD Hyundai Heavy Industries (<a href=\"\/stock\/329180\">329180<\/a>)<\/strong>.<\/li>\n<\/ul>\n<h2>Samsung Posts Historic Profit on AI Chip Boom<\/h2>\n<p>Samsung Electronics (<a href=\"\/stock\/005930\">005930<\/a>) has delivered a record-breaking preliminary earnings report for the second quarter of 2026, with operating profit skyrocketing to <strong>89.4 trillion won<\/strong>. This represents a <strong>1,810% increase<\/strong> from the 4.7 trillion won reported in the same period last year, significantly outperforming market expectations of approximately 87.3 trillion won.<\/p>\n<p>The surge is attributed to the <em>sustained supercycle in memory chips<\/em>, driven by the global expansion of artificial intelligence infrastructure. While operating profit hit an all-time high, revenue for the quarter came in at <strong>171 trillion won<\/strong>, a <strong>129.3% year-over-year increase<\/strong> that slightly missed some analyst estimates of 173 trillion won.<\/p>\n<h2>Tanker Attacked Off Omani Coast<\/h2>\n<p>The <strong>United Kingdom Maritime Trade Operations (UKMTO)<\/strong> issued a warning on Monday following an incident <strong>8 nautical miles east of Limah, Oman<\/strong>. A southbound tanker reported being struck by an <strong>unknown projectile<\/strong> on its port side, which resulted in a fire on board the vessel.<\/p>\n<p>Despite the impact, the UKMTO confirmed there were <strong>no casualties<\/strong> among the crew and <strong>no environmental damage<\/strong> or leaks reported. The incident adds to growing maritime security concerns in the region, though the source of the projectile remains unidentified as authorities continue their investigation.<\/p>\n<h2>Germany Secures Massive Canadian Submarine Deal<\/h2>\n<p>In a major shift for global defense procurement, Canada has selected Germany\u2019s <strong>Thyssenkrupp Marine Systems (TKMS)<\/strong> as the preferred bidder for its <strong>Canadian Patrol Submarine Project (CPSP)<\/strong>. The deal, valued at up to <strong>60 trillion won ($39.1 billion)<\/strong>, involves the construction of up to <strong>12 diesel-electric submarines<\/strong> to replace the aging Victoria-class fleet.<\/p>\n<p>The decision is a significant setback for the South Korean consortium led by <strong>Hanwha Ocean (<a href=\"\/stock\/042660\">042660<\/a>)<\/strong> and <strong>HD Hyundai Heavy Industries (<a href=\"\/stock\/329180\">329180<\/a>)<\/strong>, which had aggressively marketed its KSS-III platform. Canadian Prime Minister Mark Carney noted that while the Korean bid was &quot;highly capable,&quot; the selection of TKMS\u2014partnered with Norway\u2014was driven by the need for <em>deep integration and interoperability within the NATO alliance<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Samsung Electronics (005930) reported a staggering 1,810% surge in Q2 operating profit to 89.4 trillion won ($58.4 billion), [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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