009150.KO
T2Emerging Markets (IEMG)Samsung Electro-Mechanics Co., Ltd.
Key Reported Metrics, Reratings Triggers & ResultsA primary indicator of overall business health and market demand across all electronic component segments. Strong growth reflects broad market recovery and succ
Upcoming print · 2026-10-28
| Key reported metrics | Rerating thresholds | ||||
|---|---|---|---|---|---|
| Metric | Last period | Why it matters | What's needed for rerating | Rerating context | Earnings date |
| Total Revenue | 24% | A primary indicator of overall business health and market demand across all electronic component segments. Strong growth reflects broad market recovery and successful product diversification. | Total Revenue of ₩3.95 trillion or higher, representing year-over-year growth exceeding 35%. | Exceeding revenue expectations confirms broad market recovery and Samsung Electro-Mechanics' successful diversification into high-growth AI segments. This signals robust demand and validates the company's strategic positioning, driving a positive rerating. | |
| Component Segment Revenue | 29% | Indicates demand for core passive components, especially high-capacitance MLCCs for AI servers and automotive, reflecting market strength and SEMCO's competitive position in a critical product category. | Quarter-over-quarter growth of 25% or more, reaching at least ₩960 billion, and an operating margin exceeding 23%. | Exceeding Package Solution Segment Revenue and margin expectations highlights SEMCO's success in capturing AI server and advanced processor market share. This validates significant investments in FC-BGA capacity, reinforcing the long-term AI bottleneck thesis and driving rerating. | |
| Package Solution Segment Revenue | 37% | Crucial for assessing SEMCO's penetration into the high-growth AI server and advanced processor markets, driven by demand for FC-BGA substrates. Strong growth signals success in a key strategic area. | Quarter-over-quarter growth of 22% or more, pushing revenue above ₩2.0 trillion, coupled with an operating margin of 23% or higher. | Strong Component Segment Revenue and margin expansion demonstrate robust demand for high-value MLCCs in AI servers and automotive applications. This confirms SEMCO's competitive edge and pricing power in critical AI-driven component markets, supporting a higher valuation. | |