Samsung Electronics achieved an "earnings surprise" with outstanding performance in the second quarter of this year, driven particularly by increased sales and rising prices in the semiconductor sector.
On the 31st, Samsung Electronics announced through a public disclosure that its consolidated operating profit for the second quarter was tallied at 10.4439 trillion KRW.
This figure represents a sharp increase of 1,462.29% compared to the same period last year, surpassing market expectations of 10.2866 trillion KRW. This is the first time quarterly operating profit has exceeded 10 trillion KRW since the third quarter of 2022.
Sales reached 74.0683 trillion KRW, an increase of 23.44% year-on-year, maintaining over 70 trillion KRW for the second consecutive quarter.
Net profit also saw a remarkable increase, reaching 9.8413 trillion KRW, up 470.97%.
In the semiconductor segment, the Device Solutions (DS) division recorded sales of 28.56 trillion KRW and an operating profit of 6.45 trillion KRW.
In the memory market, there was notable demand for generative AI server products, with expanded sales of DDR5 and high-capacity SSD products.
The System LSI division achieved the highest sales in the first half of the year, thanks to the expanded supply of system-on-chip (SoC) and image sensors for new products from major customers.
The Foundry division also saw an increase in orders for advanced processes below 5nm, with the number of customers in the AI and high-performance computing (HPC) fields doubling compared to the previous year.
The Device Experience (DX) division achieved sales of 42.07 trillion KRW and an operating profit of 2.72 trillion KRW. The Mobile Experience (MX) division recorded double-digit growth in shipments and sales of the S24 series, despite the off-season in the smartphone market in the second quarter.
Meanwhile, Samsung Electronics' capital investment in the second quarter was 12.1 trillion KRW, with 9.9 trillion KRW invested in the semiconductor sector and 1.8 trillion KRW in the display sector.
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Samsung Electronics, Strong Performance in Q2... 'Earnings Surprise' in Semiconductor Division
Samsung Electronics achieved an
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