Samsung Electronics Reports Record Quarterly Profits

Samsung Electronics reported a significant increase in its first-quarter operating profit, which rose by 756.1% year-on-year to 57.23 trillion won (approximately $38.5 billion), setting a new quarterly record. According to Jin10, the majority of this profit was driven by its chip business. Additionally, revenue increased by 69.2% to 133.87 trillion won, while net profit surged by 474.3% to 47.23 trillion won. The Device Solutions division, responsible for its semiconductor operations, achieved revenue of 81.7 trillion won and an operating profit of 53.7 trillion won. These results significantly exceeded market expectations. Financial data provider FnGuide reported that local brokerage firms had anticipated revenue of 117.13 trillion won and operating profit of 38.12 trillion won over the past month. Samsung Electronics' latest quarterly revenue and operating profit figures surpassed the previous record highs set in the prior quarter, which were 93.84 trillion won and 20.07 trillion won, respectively.