1. LX Semicon Q2 Earnings: A Significant Miss

LX Semicon reported Q2 2025 revenue of KRW 378.6 billion and operating profit of KRW 10.2 billion. These figures fell significantly short of market consensus, which projected revenue of KRW 436.1 billion and operating profit of KRW 35.7 billion. The 71% drop in operating profit has been labeled an “earnings shock.”

2. Why the Underperformance?

  • Intensified DDI Market Competition: Aggressive market entry by Chinese companies has intensified price competition, impacting LX Semicon’s profitability.
  • Smartphone Market Slump: The slowdown and declining demand in the smartphone market, a key downstream industry, directly impacted LX Semicon’s performance.
  • Customer Concentration: High dependence on a few major customers poses a significant risk.
  • Macroeconomic Uncertainty: Global economic slowdown and rising interest rates negatively impact the broader IT sector.

3. LX Semicon’s Future Outlook

Downward pressure on the stock price is expected in the short term. However, long-term prospects depend on factors such as strengthening DDI market competitiveness, the success of new businesses (MCU, power semiconductors), and improvements in the macroeconomic environment.

4. Action Plan for Investors

  • Short-term investors: Exercise caution and be mindful of increased stock price volatility.
  • Long-term investors: Closely monitor DDI market competitiveness, new business performance, macroeconomic indicators, and focus on long-term growth potential.