Samsung Electro-Mechanics (009150)
Samsung Electro-Mechanics (009150) is the world’s second-largest MLCC maker behind Murata and a leading supplier of FC-BGA package substrates. AI servers and accelerators are reshaping its mix: Q1 2026 revenue rose 17% to a record 3.21 trillion won, with the FC-BGA Package Solution division up 45%. It reports next around late July 2026.
| Ticker | 009150 |
|---|---|
| Exchange | KRX |
| Sector | Information Technology · Electronic Components (MLCC & Substrates) |
| Country | South Korea |
| Wikidata | Q627018 |
| Last updated | 2026-06-15 |
Next event: Next earnings · Q2 2026 , estimated · Calendar-estimated from the prior year (Q2 2025 was reported July 31, 2025); not yet company-confirmed. Confirm on Samsung Electro-Mechanics IR. (source)
Latest reported quarter: Q1 2026 (ended Mar 31, 2026) (reported 2026-04-30)
Samsung Electro-Mechanics reported record Q1 2026 revenue of 3.21 trillion won (about $2.3 billion), up 17% year over year and its first quarter above 3 trillion won, with operating profit of 280.6 billion won, up 40% even after a one-off 71.4 billion won severance charge. The FC-BGA-heavy Package Solution division grew 45% on AI-accelerator and server-CPU substrate demand.
| Revenue | ₩3,209.1B +17% YoY · About $2.3B; first quarter above ₩3 trillion |
|---|---|
| Operating profit | ₩280.6B +40% YoY · Includes one-off ₩71.4B severance charge |
| Package Solution (FC-BGA) revenue | ₩725.0B +45% YoY · AI-accelerator and server-CPU substrates |
| Component (MLCC) revenue | ₩1,408.5B +16% YoY · AI-server and automotive MLCC mix |
Revenue by segment
| Component Solution (MLCC) | ₩1,408.5B · 43.9% of revenue +16% YoY |
|---|---|
| Optical & Communication Solution | ₩1,075.6B · 33.5% of revenue +5% YoY |
| Package Solution (FC-BGA) | ₩725.0B · 22.6% of revenue +45% YoY |
Guidance: 2026 capital plan
| FC-BGA capacity investment | Over ₩1 trillion · Second straight year; demand said to exceed capacity by over 50% |
|---|
Company outlook (Q1 2026 release) sees strong AI-server and data-center MLCC and FC-BGA demand continuing.
Recent & upcoming events
- · FC-BGA collaboration with AMD. Samsung Electro-Mechanics agreed to supply high-performance FC-BGA substrates for AMD's hyperscale data-center processors, anchoring its AI-substrate customer base. (source)
- · CES 2026: AI substrate and MLCC focus. CEO Chang Duck-hyun flagged AI-driven MLCC and FC-BGA demand and said the company was weighing further FC-BGA capacity expansion. (source)
- · Over ₩1 trillion FC-BGA capex commitment. The company committed more than 1 trillion won of capital spending for a second straight year, concentrated on FC-BGA, saying demand exceeded capacity by more than 50% with the shortage expected to persist into 2027. (source)
- · Q1 2026: first quarter above ₩3 trillion. Record revenue of 3.21 trillion won (+17%) and operating profit of 280.6 billion won (+40%), with Package Solution up 45% on AI substrate demand. (source)
Q1 2026 figures are from Samsung Electro-Mechanics' earnings release (quarter ended March 31, 2026). USD figures are approximate conversions of won; the company reports in Korean won.
Figures are as of 2026-06-15 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Samsung Electro-Mechanics do?
Samsung Electro-Mechanics is a components affiliate of the Samsung group with three businesses. The Component Solution division makes multilayer ceramic capacitors and other passives, where it ranks second worldwide behind Murata. The Optical & Communication Solution division makes camera modules, and the Package Solution division makes FC-BGA package substrates, the high-layer organic substrates that carry leading-edge processors. In Q1 2026 the three divisions generated 1,408.5 billion won, 1,075.6 billion won, and 725.0 billion won of revenue respectively (Samsung Electro-Mechanics, Apr 30, 2026).
How is AI driving Samsung Electro-Mechanics’s business?
Through two of its three divisions at once. An AI server uses many more high-capacity, high-reliability MLCCs than a traditional server, which tightened supply and lifted the Component division 16% year over year in Q1 2026. And AI accelerators and server CPUs need large, high-layer FC-BGA substrates, which drove the Package Solution division up 45% (Samsung Electro-Mechanics, Apr 30, 2026). The company supplies FC-BGA substrates to AMD’s hyperscale data-center processors (Samsung Electro-Mechanics, Jul 22, 2024) and is spending more than 1 trillion won for a second straight year to add FC-BGA capacity, with CEO Chang Duck-hyun describing a demand backlog the company cannot yet meet:
“What customers are demanding is more than 50% above the capacity we can handle.”
— Chang Duck-hyun, CEO, Samsung Electro-Mechanics (The Korea Herald, Apr 3, 2026)
What did Samsung Electro-Mechanics report most recently?
In Q1 2026 (the quarter ended March 31, 2026), revenue was a record 3.21 trillion won (about $2.3 billion), up 17% year over year and the company’s first quarter above 3 trillion won (Samsung Electro-Mechanics, Apr 30, 2026). Operating profit rose 40% to 280.6 billion won even after a one-off 71.4 billion won severance charge, and the FC-BGA Package Solution division grew 45% on AI-accelerator and server-CPU substrate demand. The company guided to continued strength in high-value MLCC and FC-BGA for AI servers and data centers.
What are the risks for Samsung Electro-Mechanics?
- Component cyclicality. MLCC and camera-module demand still tracks the smartphone and PC cycle; the Optical division grew just 5% in Q1 2026 (Samsung Electro-Mechanics, Apr 30, 2026).
- Capital intensity. FC-BGA capacity is expensive, and the over-1-trillion-won build-out assumes AI-substrate demand holds through 2027 (The Korea Herald, Apr 3, 2026).
- Input costs. Rising silver and raw-material prices pressure MLCC margins.
- Competition. It competes directly with Murata and TDK in MLCC and with Taiwanese and Japanese makers in FC-BGA.
Related securities, concepts & terms
Samsung Electro-Mechanics is a representative company of the AI Capacitors (MLCC) and Korea AI Semiconductor concepts.
- AI Capacitors (MLCC) parent
- Korea AI Semiconductor parent
- Murata Manufacturing (6981) sibling
- TDK Corporation (6762) sibling
- Hanmi Semiconductor (042700) related
- MLCC (Multilayer Ceramic Capacitor) related
Frequently asked questions about Samsung Electro-Mechanics
What does Samsung Electro-Mechanics do?
Samsung Electro-Mechanics makes electronic components in three divisions: multilayer ceramic capacitors and other passives (Component Solution), camera modules (Optical & Communication Solution), and FC-BGA package substrates (Package Solution). It is the world's second-largest MLCC maker behind Murata, and AI servers and accelerators are lifting both its high-end MLCC and FC-BGA businesses (Samsung Electro-Mechanics, Apr 30, 2026).
What was Samsung Electro-Mechanics's latest quarterly revenue?
In Q1 2026 (the quarter ended March 31, 2026) revenue was a record 3.21 trillion won, up 17% year over year and the first quarter above 3 trillion won, with operating profit of 280.6 billion won, up 40% even after a one-off 71.4 billion won severance charge (Samsung Electro-Mechanics, Apr 30, 2026). The FC-BGA Package Solution division grew 45%.
How is AI driving Samsung Electro-Mechanics's business?
Two ways. AI servers use far more high-capacity, high-reliability MLCCs than traditional servers, tightening supply for the company's Component division (up 16% in Q1 2026). And AI accelerators and server CPUs need large, high-layer FC-BGA substrates, which drove the Package Solution division up 45% (Samsung Electro-Mechanics, Apr 30, 2026). The company is spending over 1 trillion won on FC-BGA capacity and supplies AMD's data-center processors (Samsung Electro-Mechanics, Jul 22, 2024).
When does Samsung Electro-Mechanics report its next earnings?
Q2 2026 results are expected around late July 2026, calendar-estimated from the prior year (Q2 2025 was reported July 31, 2025) and not yet company-confirmed, so check the company's investor-relations site (Samsung Electro-Mechanics IR). It last reported Q1 2026 on April 30, 2026.
What are the risks for Samsung Electro-Mechanics?
MLCC is a cyclical components business exposed to smartphone and PC demand, where its Optical division grew just 5% in Q1 2026. FC-BGA capacity is capital-intensive, and the over-1-trillion-won build-out assumes AI-substrate demand holds. Rising silver and raw-material costs pressure margins, and the company competes directly with Murata, TDK, and Taiwanese substrate makers (The Korea Herald, Apr 3, 2026).
Sources & references
- Samsung Electro-Mechanics Announces Q1 2026 Business Performance · Samsung Electro-Mechanics Co., Ltd., 2026-04-30
- 삼성전기, 2026년 1분기 경영실적 · Samsung Electro-Mechanics Co., Ltd., 2026-04-30
- Samsung Electro-Mechanics Collaborates with AMD to Supply High-Performance Substrates for Hyperscale Data Center Computing · Samsung Electro-Mechanics Co., Ltd. (PR Newswire), 2024-07-22
- Samsung Electro-Mechanics pours W1tr into AI substrates as demand exceeds capacity by 50% · The Korea Herald, 2026-04-03
- [CES 2026] Samsung Electro-Mechanics eyes AI boom, weighs advanced chip packaging expansion · The Korea Times, 2026-01-07
- Samsung Electro-Mechanics · Investor Relations · Samsung Electro-Mechanics Co., Ltd., 2026-06-15