Samsung Electronics Revenue Up 21.6%, in Slight Pullback

SEOUL—Samsung Electronics is starting to feel the sting of rising inflation and weakening demand for electronics and the chips that go inside them.

The South Korean tech giant on Thursday reported revenue of 77.2 trillion won, or the equivalent of about $59 billion, for the three months ended June 30. That represented a 21.6% rise from the year-ago quarter but a slight pullback versus the opening three months of the year when Samsung posted record-high revenues of 77.8 trillion won.