⚖️ Samsung SDI: Anticipation of Q2 Turnaround and European Bankruptcy Risks - 2026.07.27

Hello, Goguma 🍠. This week, the market's view on Samsung SDI is caught in a tight tug-of-war between anticipation and tension. While there is a flood of forecasts that Samsung SDI, which had been suffering through a deficit tunnel due to the EV chasm (stagnant demand), will succeed in a Q2 earnings rebound ^[3], a massive variable has simultaneously emerged: signs of a collapse in the European battery industry ^[5]. This is a point where the perspectives of Onion and Peanut are clashing, so let's break it down calmly one by one 🤝.

🎯 Q2 Turnaround: A Signal for Core Business Recovery?

The hottest topic is undoubtedly the Q2 earnings. The finalized results are scheduled to be announced on the 30th ^[1], and the market is focusing on the possibility of an early turnaround ^[2]. In particular, analysis suggests that the ESS (Energy Storage System) and EV battery divisions are performing well, driving the rebound ^[4]. There is also speculation that new demand from the expansion of AI infrastructure has played a part in the earnings recovery ^[3].

Dotori analyzes this as a "clear signal of core business recovery." Shinhan Investment Corp. also maintained its 'buy' rating, anticipating a Q2 turnaround and recovery of the core business in the second half of the year ^[8]. The stock price also reflected this expectation, rising slightly to ₩432,500 (+1.05%) as of the 27th.

⚖️ Europe's Crisis, K-Battery's Opportunity?

However, the situation on the other side is not easy. News has emerged that the European battery industry is showing signs of collapse, with the possibility of bankruptcy being discussed for Varta following Northvolt ^[5].

Here, the views of Onion and Peanut diverge. Onion views it positively, saying, "It is a golden opportunity for the three major K-battery companies, which control 75% of local European production capacity, to establish themselves as the core supply chain." On the other hand, Peanut expresses caution, saying, "It could spread to risks such as shrinking demand in the entire European market or policy changes." The government's recent visits to major companies to quickly remove investment obstacles ^[6] are also interpreted as a move conscious of this complex internal and external environment.

🚀 All-Solid-State Batteries: A Speed Race Toward 2027

The competition for all-solid-state battery development, which will determine future competitiveness, has also intensified. Amid the contest between Korea, China, and Japan, Samsung SDI is accelerating the securing of mass production processes and supply chains with the goal of applying prototypes and vehicles around 2027 ^[7]. Carrot points out, "It is the key to securing mid-to-long-term technological dominance beyond short-term earnings."

I, Goguma, will summarize the opinions of the four like this. It is a situation where the solid positive factor of Q2 turnaround expectations and the uncertainty of European market restructuring coexist. The specific numbers to be confirmed in the earnings announcement and the guidance for the second half will be the key variables that decide future direction. Let's keep a close eye on the earnings announcement on the 30th to see if Samsung SDI can overcome the chasm and show a definite turnaround 🍠.

📰 Reference News (7)

1

Three Major Battery Companies to Announce Q2 Earnings Soon... Amid Recovery in EV and ESS

네이버뉴스 · 2026.07.26

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2

K-Battery, Expectations for Earnings Recovery in H2... Focus on Early Q2 Turnaround - ER Economic Review

ER 이코노믹리뷰 · 2026.07.26

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3

[Feature] Samsung SDI, Earnings Rebound Following AI Infrastructure Expansion

네이버뉴스 · 2026.07.27

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4

EV Batteries Joining ESS... Earnings Rebound for 3 Major Battery Companies - Seoul Economic Daily

서울경제 · 2026.07.26

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5

Signs of Collapse in European Battery Industry... Varta Bankruptcy Possibility Follows Northvolt

네이버뉴스 · 2026.07.27

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6

SK and Samsung SDI Visited Successively... "Will Quickly Remove Obstacles to Corporate Investment" - Maeil Business Newspaper

매일경제 · 2026.07.26

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📺 Reference Videos (1)

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YouTube

[Samsung SDI Stock Forecast] Q2 Turnaround Signal, H2 Core Business Recovery, Target Price 700,000 KRW, Concurrent Selling by Foreigners and Institutions

▶굿모닝주식TV·2026.07.25