Latest Earnings news

Samsung’s profit jumps 72.8% in Q3 2024 despite chip struggles

Earlier today, Samsung announced its earnings for the third quarter of 2024. While the company's profits beat market expectations, its struggles in the memory chip market remain. The South Korean firm reported a consolidated revenue of KRW 79.1 trillion ($57.34 billion) and an operating profit of KRW 10.1 trillion ($7.3 billion). Samsung's net profit in […]

By Asif Iqbal Shaik
1 month ago

Samsung’s profit rises 14.5x amid AI chip boom

After announcing its revenue estimates earlier this month, Samsung has announced its financial results for the second quarter of this year. The South Korean firm reported a 23.42% rise in revenue and a meteoric rise of 1,458% in operating profit in Q2 2024 compared to last year. These better-than-expected numbers are due to the rise […]

By Asif Iqbal Shaik
4 months ago

Samsung’s profit surged 15x in Q2 2024, thanks to the AI boom

Samsung has had a rough couple of years, but the company has emerged with full force to ride the AI boom. The company revealed that it expects its Q2 2024 operating profit to surge 15x, thanks to strong sales of semiconductor chips. These figures are better than market estimates. Samsung's Q2 2024 profit could be […]

By Asif Iqbal Shaik
5 months ago

Samsung’s battery sales decline despite higher EV business

Samsung has a battery manufacturing division called Samsung SDI, which makes batteries for products ranging from smartphones to EVs. Earlier today, Samsung SDI announced its financial results for Q1 2024. The company's sales have fallen despite higher EV business, but the company vows to become a “global top-tier company by 2030.” Samsung SDI profits fall […]

By Asif Iqbal Shaik
7 months ago

Samsung profit jumps 933% to $4.8 billion in Q1 2024, beating estimates

Samsung has revealed its financial results for the first quarter of this year, a few weeks after revealing revenue estimates. The company revealed that its revenue rose 13% compared to Q1 2023, while its profit skyrocketed nearly 10x (933%) compared to the year earlier. Samsung's profit jumps nearly 10x in Q1 2024, thanks to strong […]

By Asif Iqbal Shaik
7 months ago

Samsung’s profit rises by 931% in Q1 2024 as chip sales recover

Samsung has been struggling over the past couple of years, especially due to its most important product: memory chips. However, things now seem to be improving financially, as the company has reported a huge rise in its profit. Earlier today, Samsung revealed its earnings guidance for Q1 2024. Samsung's profit rises 931% on the back […]

By Asif Iqbal Shaik
8 months ago

Samsung expects its 2023 profit to drop by 85% compared to last year

Last year was extremely challenging for Samsung, as smartphone and semiconductor chip sales were quite low. Those are the two most important product categories for Samsung. However, the company and even analysts expect this new year to be much better as sales are recovering. Today, Samsung Electronics posted its earnings guidance for the fourth quarter […]

By Asif Iqbal Shaik
11 months ago

Samsung reports best quarterly profit of 2023, thanks to displays and foldables

Three weeks after revealing its earnings guidance, Samsung Electronics revealed its full earnings data for Q3 2023. The South Korean firm's revenue was KRW 67.4 trillion (around $49.86 billion) during the July-August period, and its operating profit was KRW 2.43 trillion (around $1.79 billion). That's the highest quarterly profit the company achieved this year, and […]

By Asif Iqbal Shaik
1 year ago

Samsung reports low profits for Q3 2023 as semiconductor chip losses narrow

Samsung has been going through tough times due to the downturn of the semiconductor chip segment, leading to huge losses for the company. However, it looks like the company is recovering from that downturn and narrowing losses in its semiconductor chip business. Samsung has reported earnings guidance for Q3 2023, revealing better-than-expected results. Its profits […]

By Asif Iqbal Shaik
1 year ago

Samsung’s battery business gets record profit, thanks to higher EV demand

A few days ago, Samsung Electronics announced a 95% drop in its operating profit due to the worst downturn in the history of semiconductor chips. However, the company's battery manufacturing and electronics material business, Samsung SDI, isn't doing so badly. In fact, it is thriving, and it has recorded its highest-ever second-quarter revenue and profit. […]

By Asif Iqbal Shaik
1 year ago

Samsung reveals Q2 2023 earnings, profit nosedives to 14-year low

Samsung has been going through some tough times. Over the past year, its semiconductor chip business has seen a massive downturn amid global economic woes. Since most of the company's profits usually come from its semiconductor chips business, it has been hit hard. The South Korean firm unveiled its earnings estimate for Q2 2023, and […]

By Asif Iqbal Shaik
1 year ago

Samsung’s profits decline by a massive 95% on weak chip demand

The global semiconductor demand has remained weak over the past year and that has significantly affected Samsung's ability to turn a decent profit. The firm's semiconductor division is its biggest cash cow and when it's under pressure, the effects are visible on the company's bottom line. Samsung has announced its Q1 2023 earnings today and […]

By Adnan Farooqui
2 years ago

Samsung reports lowest profit in 14 years as chip demand wanes, but there’s good news

Samsung has announced its earnings estimates for Q1 2023. The company expects its operating profit to nosedive by 96% compared to Q1 2022 as the demand for semiconductor chips has waned in the past few months. Moreover, consumers have been buying fewer home appliances as there is a fear of a global economic recession. The […]

By Asif Iqbal Shaik
2 years ago

Samsung announces Q4 2022 earnings, profit hits eight-year low

Earlier this month, Samsung published its earnings guidance for Q4 2022. In line with those numbers, the company has published its final Q4 2022 and FY 2022 results. The company's profit has been the lowest in eight years, and that is due to the continued global economic downturn, rising costs, and lower demand for smartphones […]

By Asif Iqbal Shaik
2 years ago

Samsung’s profit nosedives 70% in Q4 2022 due to low chip, smartphone sales

Samsung has tough times ahead, similar to many other consumer electronic firms, including Apple. The South Korean firm announced its earnings guidance for Q4 2022, and according to the company's internal estimates, its operating profit would be around KRW 4.3 trillion (around $3.37 billion) from total revenue of around KRW 70 trillion (around $55 billion). […]

By Asif Iqbal Shaik
2 years ago

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