Samsung Electronics’ Run of Record Results Stalls

SEOUL—Samsung Electronics string of record results is expected to end, as the global tech boom slows amid rising inflation and economic uncertainties.

On Thursday, the South Korean tech giant—which had reported record revenues in the past three straight quarters—forecast a 11.4% rise in second-quarter operating profit from the prior year. Revenue for the April-June period is expected to increase year-over-year by 20.9%.